Commonwealth Bank of Australia raised its holdings in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,276 shares of the specialty chemicals company’s stock after purchasing an additional 76 shares during the quarter. Commonwealth Bank of Australia’s holdings in Internationa Flavors & Fragrances were worth $171,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Winder Investment Pte Ltd increased its stake 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 purchasing an additional 595,140 shares during the period. Vanguard Group Inc. increased its stake 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 purchasing an additional 340,539 shares during the period. BlackRock Inc. increased its stake 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 purchasing an additional 4,755,656 shares during the period. State Street Corp increased its stake in Internationa Flavors & Fragrances by 0.5% in the first quarter. State Street Corp now owns 3,499,382 shares of the specialty chemicals company’s stock valued at $463,783,000 after purchasing an additional 16,648 shares during the period. Finally, Pioneer Investment Management Inc. increased its stake in 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 valued at $131,935,000 after purchasing an additional 24,721 shares during the period. Institutional investors own 82.18% of the company’s stock.

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In other Internationa Flavors & Fragrances news, insider Nicolas Mirzayantz sold 1,233 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $133.76, for a total transaction of $164,926.08. Following the transaction, the insider now owns 46,274 shares of the company’s stock, valued at approximately $6,189,610.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Winder Investment Pte Ltd bought 700 shares of the stock in a transaction on Thursday, September 7th. The shares were bought at an average cost of $139.32 per share, for a total transaction of $97,524.00. Following the purchase, the insider now owns 10,420,193 shares in the company, valued at approximately $1,451,741,288.76. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 1,249,400 shares of company stock worth $167,667,273 and have sold 5,766 shares worth $786,086. 0.48% of the stock is currently owned by company insiders.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE IFF) opened at 144.14 on Tuesday. The stock has a market cap of $11.38 billion, a P/E ratio of 29.08 and a beta of 1.09. The company’s 50-day moving average is $137.62 and its 200-day moving average is $134.91. Internationa Flavors & Fragrances, Inc. has a 12-month low of $113.16 and a 12-month high of $144.44.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 25th will be paid a dividend of $0.69 per share. 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 annualized dividend and a yield of 1.91%. Internationa Flavors & Fragrances’s dividend payout ratio (DPR) is presently 51.72%.

A number of research analysts have commented on IFF shares. KeyCorp restated a “buy” rating and issued a $148.00 price objective on shares of Internationa Flavors & Fragrances in a research note on Thursday, August 24th. Raymond James Financial, Inc. started coverage on shares of Internationa Flavors & Fragrances in a research note on Friday, July 7th. They issued a “market perform” rating on the stock. Zacks Investment Research raised shares of Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a report on Monday, July 24th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $136.00 target price on shares of Internationa Flavors & Fragrances in a report on Friday, July 21st. Finally, BidaskClub downgraded shares of Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $138.91.

Internationa Flavors & Fragrances 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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