BB&T Securities LLC boosted its stake in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,074 shares of the specialty chemicals company’s stock after buying an additional 444 shares during the period. BB&T Securities LLC’s holdings in Internationa Flavors & Fragrances were worth $1,089,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Internationa Flavors & Fragrances by 2,877.1% in the first quarter. BlackRock Inc. now owns 4,920,948 shares of the specialty chemicals company’s stock valued at $652,173,000 after buying an additional 4,755,656 shares in the last quarter. Winder Investment Pte Ltd raised its position in Internationa Flavors & Fragrances by 6.9% in the second quarter. Winder Investment Pte Ltd now owns 9,250,793 shares of the specialty chemicals company’s stock valued at $1,248,857,000 after buying an additional 595,140 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in Internationa Flavors & Fragrances by 131.6% in the first quarter. UBS Asset Management Americas Inc. now owns 887,276 shares of the specialty chemicals company’s stock valued at $117,591,000 after buying an additional 504,228 shares in the last quarter. Vanguard Group Inc. raised its position in Internationa Flavors & Fragrances by 4.4% in the first quarter. Vanguard Group Inc. now owns 8,099,453 shares of the specialty chemicals company’s stock valued at $1,073,421,000 after buying an additional 340,539 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Internationa Flavors & Fragrances by 48.3% in the first quarter. Victory Capital Management Inc. now owns 644,954 shares of the specialty chemicals company’s stock valued at $85,476,000 after buying an additional 210,177 shares in the last quarter. 82.43% of the stock is currently owned by institutional investors and hedge funds.

Internationa Flavors & Fragrances, Inc. (IFF) opened at 135.92 on Monday. Internationa Flavors & Fragrances, Inc. has a 52 week low of $113.16 and a 52 week high of $143.64. The company has a market capitalization of $10.73 billion, a P/E ratio of 27.43 and a beta of 1.11. The company’s 50-day moving average price is $134.54 and its 200-day moving average price is $132.75.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.05. The business had revenue of $842.86 million during the quarter, compared to analysts’ expectations of $845.89 million. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.47 earnings per share. On average, equities analysts forecast that Internationa Flavors & Fragrances, Inc. will post $5.78 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 25th will be paid a $0.69 dividend. This is a boost from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. This represents a $2.76 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, September 22nd. Internationa Flavors & Fragrances’s payout ratio is 51.72%.

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Several research firms recently commented on IFF. Vertical Group lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Deutsche Bank AG boosted their price target on Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday, May 10th. Raymond James Financial, Inc. began coverage on Internationa Flavors & Fragrances in a research report on Friday, July 7th. They set a “market perform” rating on the stock. Zacks Investment Research raised Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Monday, May 1st. Finally, Vertical Research lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $138.91.

In other Internationa Flavors & Fragrances news, EVP Francisco Fortanet sold 300 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $134.36, for a total transaction of $40,308.00. Following the completion of the sale, the executive vice president now directly owns 19,994 shares in the company, valued at $2,686,393.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anne Chwat sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $137.22, for a total value of $411,660.00. Following the sale, the executive vice president now owns 42,157 shares of the company’s stock, valued at $5,784,783.54. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 1,214,128 shares of company stock valued at $162,786,041 and sold 5,766 shares valued at $786,086. Insiders own 0.48% of the company’s stock.

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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