Dean Investment Associates LLC continued to hold its stake in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,828 shares of the specialty chemicals company’s stock at the close of the 2nd quarter. Dean Investment Associates LLC’s holdings in Internationa Flavors & Fragrances were worth $640,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Cleararc Capital Inc. raised its holdings in shares of Internationa Flavors & Fragrances by 0.6% in the 1st quarter. Cleararc Capital Inc. now owns 1,950 shares of the specialty chemicals company’s stock valued at $258,000 after purchasing an additional 11 shares during the period. Ironwood Investment Management LLC raised its holdings in shares of Internationa Flavors & Fragrances by 0.7% in the 2nd quarter. Ironwood Investment Management LLC now owns 2,940 shares of the specialty chemicals company’s stock valued at $397,000 after purchasing an additional 20 shares during the period. Intrust Bank NA raised its holdings in shares of Internationa Flavors & Fragrances by 1.2% in the 2nd quarter. Intrust Bank NA now owns 2,937 shares of the specialty chemicals company’s stock valued at $396,000 after purchasing an additional 36 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Internationa Flavors & Fragrances by 3.1% in the 1st quarter. Pacer Advisors Inc. now owns 1,466 shares of the specialty chemicals company’s stock valued at $194,000 after purchasing an additional 44 shares during the period. Finally, Rothschild Asset Management Inc. raised its holdings in shares of Internationa Flavors & Fragrances by 1.2% in the 2nd quarter. Rothschild Asset Management Inc. now owns 3,622 shares of the specialty chemicals company’s stock valued at $489,000 after purchasing an additional 44 shares during the period. 82.45% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on IFF. Deutsche Bank AG reaffirmed a “hold” rating and issued a $139.00 target price (up from $135.00) on shares of Internationa Flavors & Fragrances in a report on Thursday, August 10th. BidaskClub lowered shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. KeyCorp reiterated a “buy” rating and issued a $148.00 price target on shares of Internationa Flavors & Fragrances in a research note on Thursday, August 24th. Zacks Investment Research lowered shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Finally, Barclays PLC restated a “sell” rating and set a $123.00 target price on shares of Internationa Flavors & Fragrances in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. Internationa Flavors & Fragrances currently has an average rating of “Hold” and a consensus target price of $138.91.

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Internationa Flavors & Fragrances, Inc. (IFF) opened at 143.78 on Friday. The stock’s 50 day moving average is $137.31 and its 200 day moving average is $134.66. The company has a market cap of $11.36 billion, a P/E ratio of 29.01 and a beta of 1.09. Internationa Flavors & Fragrances, Inc. has a 1-year low of $113.16 and a 1-year high of $144.13.

Internationa Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.05. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The company had revenue of $842.86 million during the quarter, compared to analysts’ expectations of $845.89 million. During the same quarter in the prior year, the company earned $1.47 EPS. The firm’s revenue was up 6.2% on a year-over-year basis. Equities analysts anticipate that Internationa Flavors & Fragrances, Inc. will post $5.78 earnings per share 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 paid a $0.69 dividend. This is a boost from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.92%. Internationa Flavors & Fragrances’s dividend payout ratio is 51.72%.

In other Internationa Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was bought at an average price of $136.63 per share, with a total value of $2,732,600.00. Following the purchase, the insider now owns 9,190,793 shares of the company’s stock, valued at $1,255,738,047.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Francisco Fortanet sold 300 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were 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 of the company’s stock, valued at approximately $2,686,393.84. The disclosure for this sale can be found here. In the last ninety days, insiders bought 1,269,400 shares of company stock valued at $170,403,273 and sold 5,766 shares valued at $786,086. 0.48% of the stock is currently owned by corporate insiders.

About Internationa Flavors & Fragrances

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.

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

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