Centre Asset Management LLC continued to hold its stake in International Flavors & Fragrances Inc. (NYSE:IFF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,250 shares of the company’s stock at the end of the second quarter. International Flavors & Fragrances accounts for about 1.9% of Centre Asset Management LLC’s investment portfolio, making the stock its 20th largest position. Centre Asset Management LLC owned 0.12% of International Flavors & Fragrances worth $10,950,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. Global X Management Co. LLC increased its stake in shares of International Flavors & Fragrances by 137.9% in the second quarter. Global X Management Co. LLC now owns 809 shares of the company’s stock worth $102,000 after buying an additional 469 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of International Flavors & Fragrances by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 874 shares of the company’s stock worth $110,000 after buying an additional 4 shares in the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in shares of International Flavors & Fragrances by 72.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 990 shares of the company’s stock worth $125,000 after buying an additional 417 shares in the last quarter. Mycio Wealth Partners LLC increased its stake in shares of International Flavors & Fragrances by 433.2% in the second quarter. Mycio Wealth Partners LLC now owns 1,109 shares of the company’s stock worth $140,000 after buying an additional 901 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of International Flavors & Fragrances during the second quarter worth approximately $171,000. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) opened at 118.40 on Friday. The company’s 50-day moving average price is $133.05 and its 200-day moving average price is $131.22. International Flavors & Fragrances Inc. has a 12-month low of $97.24 and a 12-month high of $143.64. The firm has a market capitalization of $9.40 billion, a PE ratio of 23.56 and a beta of 1.15.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Monday, November 7th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by $0.08. The business had revenue of $777 million for the quarter, compared to analyst estimates of $785.05 million. International Flavors & Fragrances had a return on equity of 25.92% and a net margin of 12.92%. International Flavors & Fragrances’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.39 EPS. Analysts anticipate that International Flavors & Fragrances Inc. will post $5.48 EPS for the current year.

A number of analysts have commented on the company. Zacks Investment Research downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Thursday. Argus raised their target price on International Flavors & Fragrances from $146.00 to $156.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Gabelli downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. JPMorgan Chase & Co. restated a “buy” rating and set a $153.00 target price on shares of International Flavors & Fragrances in a research report on Sunday, August 14th. Finally, Sanford C. Bernstein assumed coverage on International Flavors & Fragrances in a research report on Monday, September 19th. They set an “outperform” rating and a $160.00 target price for the company. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $145.04.

In other news, insider Nicolas Mirzayantz sold 3,881 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $135.84, for a total value of $527,195.04. Following the transaction, the insider now owns 60,016 shares of the company’s stock, valued at $8,152,573.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is owned by insiders.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (IFF) creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Company operates in two segments: Flavors and Fragrances.

5 Day Chart for NYSE:IFF

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