Contravisory Investment Management Inc. lowered its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 4.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,427 shares of the company’s stock after selling 3,698 shares during the period. International Flavors & Fragrances accounts for 3.4% of Contravisory Investment Management Inc.’s holdings, making the stock its 3rd largest position. Contravisory Investment Management Inc. owned about 0.09% of International Flavors & Fragrances worth $10,498,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Riverhead Capital Management LLC increased its stake in shares of International Flavors & Fragrances by 652.5% in the second quarter. Riverhead Capital Management LLC now owns 669,081 shares of the company’s stock worth $84,350,000 after buying an additional 580,171 shares during the period. Royal Bank of Canada increased its stake in shares of International Flavors & Fragrances by 61.5% in the second quarter. Royal Bank of Canada now owns 1,247,796 shares of the company’s stock worth $157,310,000 after buying an additional 475,064 shares during the period. Capital International Investors increased its stake in shares of International Flavors & Fragrances by 46.9% in the second quarter. Capital International Investors now owns 940,600 shares of the company’s stock worth $118,581,000 after buying an additional 300,400 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of International Flavors & Fragrances by 100.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 563,776 shares of the company’s stock worth $67,608,000 after buying an additional 281,888 shares during the period. Finally, Campbell Newman Asset Management Inc. acquired a new stake in shares of International Flavors & Fragrances during the second quarter worth about $31,518,000. Hedge funds and other institutional investors own 80.48% of the company’s stock.

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

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) traded up 0.28% during trading on Friday, reaching $119.78. The company’s stock had a trading volume of 609,474 shares. The company has a 50 day moving average of $130.59 and a 200-day moving average of $131.20. International Flavors & Fragrances Inc. has a 12-month low of $97.24 and a 12-month high of $143.64. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 22.92 and a beta of 1.15.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Monday, November 7th. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by $0.08. The company earned $777 million during the quarter, compared to analysts’ expectations of $785.05 million. International Flavors & Fragrances had a return on equity of 25.92% and a net margin of 12.92%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 EPS. Analysts forecast that International Flavors & Fragrances Inc. will post $5.44 EPS for the current year.

IFF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reiterated a “buy” rating and set a $153.00 price target on shares of International Flavors & Fragrances in a research report on Sunday, August 14th. Zacks Investment Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a research report on Tuesday, October 4th. Deutsche Bank AG reiterated a “hold” rating and set a $130.00 price target (up previously from $124.00) on shares of International Flavors & Fragrances in a research report on Sunday, July 24th. Berenberg Bank reiterated a “buy” rating and set a $163.40 price target on shares of International Flavors & Fragrances in a research report on Monday, September 26th. Finally, Stifel Nicolaus decreased their price objective on International Flavors & Fragrances from $140.00 to $121.00 and set a “hold” rating on the stock in a report on Tuesday, November 8th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $145.04.

In other news, insider Nicolas Mirzayantz sold 2,945 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $117.56, for a total value of $346,214.20. Following the completion of the transaction, the insider now owns 57,071 shares of the company’s stock, valued at $6,709,266.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.55% of the stock is owned by insiders.

About International Flavors & Fragrances

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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