State Treasurer State of Michigan raised its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,746 shares of the company’s stock after buying an additional 100 shares during the period. State Treasurer State of Michigan’s holdings in International Flavors & Fragrances were worth $3,967,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IFF. Global X Management Co. LLC raised 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 during the period. Quadrant Capital Group LLC raised 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 during the period. Mizuho Asset Management Co. Ltd. raised 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 during the period. Cornerstone Advisors Inc. raised its stake in shares of International Flavors & Fragrances by 1,929.2% in the third quarter. Cornerstone Advisors Inc. now owns 974 shares of the company’s stock worth $139,000 after buying an additional 926 shares during the period. Finally, Mycio Wealth Partners LLC raised 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 during the period. Institutional investors and hedge funds own 75.73% of the company’s stock.

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

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) traded down 0.02% during trading on Monday, hitting $120.35. The stock had a trading volume of 453,319 shares. The firm has a market capitalization of $9.56 billion, a P/E ratio of 23.95 and a beta of 1.15. International Flavors & Fragrances Inc. has a 1-year low of $97.24 and a 1-year high of $143.64. The stock’s 50-day moving average price is $127.37 and its 200 day moving average price is $131.32.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, November 7th. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.39 EPS. On average, analysts anticipate that International Flavors & Fragrances Inc. will post $5.45 earnings per share for the current year.

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A number of brokerages recently commented on IFF. Zacks Investment Research lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Argus boosted their target price on International Flavors & Fragrances from $146.00 to $156.00 and gave the company a “buy” rating in a research note on Tuesday, August 16th. Gabelli lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Goldman Sachs Group Inc. started coverage on International Flavors & Fragrances in a research note on Monday, November 21st. They issued a “neutral” rating and a $121.50 target price on the stock. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $153.00 target price on shares of International Flavors & Fragrances in a research note on Sunday, August 14th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. International Flavors & Fragrances presently has an average rating of “Buy” and an average price target of $142.69.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 2,945 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $117.56, for a total transaction of $346,214.20. Following the sale, the insider now directly owns 57,071 shares in the company, valued at approximately $6,709,266.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

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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