Conning Inc. reduced its position in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,985 shares of the specialty chemicals company’s stock after selling 60 shares during the period. Conning Inc.’s holdings in Internationa Flavors & Fragrances were worth $268,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Trillium Asset Management LLC raised its stake in shares of Internationa Flavors & Fragrances by 3.8% in the second quarter. Trillium Asset Management LLC now owns 69,952 shares of the specialty chemicals company’s stock worth $9,444,000 after buying an additional 2,544 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Internationa Flavors & Fragrances by 3.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 37,843 shares of the specialty chemicals company’s stock worth $5,109,000 after buying an additional 1,327 shares during the period. First Trust Advisors LP raised its stake in shares of Internationa Flavors & Fragrances by 77.8% in the second quarter. First Trust Advisors LP now owns 43,985 shares of the specialty chemicals company’s stock worth $5,938,000 after buying an additional 19,240 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Internationa Flavors & Fragrances by 6.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 359,024 shares of the specialty chemicals company’s stock worth $48,469,000 after buying an additional 23,096 shares during the period. Finally, Pioneer Investment Management Inc. raised its stake in shares of Internationa Flavors & Fragrances by 2.6% in the second quarter. Pioneer Investment Management Inc. now owns 977,299 shares of the specialty chemicals company’s stock worth $131,935,000 after buying an additional 24,721 shares during the period. Institutional investors and hedge funds own 83.80% of the company’s stock.

Shares of Internationa Flavors & Fragrances, Inc. (IFF) opened at 134.83 on Monday. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 27.21 and a beta of 1.11. The company’s 50-day moving average is $134.37 and its 200 day moving average is $132.10. Internationa Flavors & Fragrances, Inc. has a 1-year low of $113.16 and a 1-year high of $143.64.

Internationa Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.05. The company had revenue of $842.86 million during the quarter, compared to the consensus estimate of $845.89 million. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $1.47 EPS. On average, equities research analysts expect that Internationa Flavors & Fragrances, Inc. will post $5.79 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, September 25th will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.05%. This is an increase from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Friday, September 22nd. Internationa Flavors & Fragrances’s dividend payout ratio (DPR) is presently 51.72%.

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A number of brokerages have recently issued reports on IFF. Zacks Investment Research lowered shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Barclays PLC restated a “sell” rating and issued a $123.00 target price on shares of Internationa Flavors & Fragrances in a research note on Friday, August 11th. Deutsche Bank AG restated a “hold” rating and issued a $139.00 target price (up previously from $135.00) on shares of Internationa Flavors & Fragrances in a research note on Thursday, August 10th. BidaskClub upgraded shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $136.00 target price on shares of Internationa Flavors & Fragrances in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. Internationa Flavors & Fragrances currently has a consensus rating of “Hold” and a consensus price target of $138.08.

In other news, insider Nicolas Mirzayantz sold 1,233 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $137.22, for a total transaction of $169,192.26. Following the completion of the transaction, the insider now directly owns 45,041 shares of the company’s stock, valued at approximately $6,180,526.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Winder Investment Pte Ltd acquired 20,000 shares of Internationa Flavors & Fragrances stock in a transaction dated Tuesday, June 20th. The shares were acquired at an average cost of $136.80 per share, with a total value of $2,736,000.00. Following the completion of the acquisition, the insider now directly owns 9,170,793 shares in the company, valued at approximately $1,254,564,482.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 1,167,682 shares of company stock valued at $156,538,355 and have sold 5,766 shares valued at $786,086. 0.48% of the stock is currently owned by company insiders.

Internationa Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

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

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