Baker Chad R continued to hold its position in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,000 shares of the specialty chemicals company’s stock at the end of the 2nd quarter. Baker Chad R’s holdings in Internationa Flavors & Fragrances were worth $1,350,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC grew its stake in Internationa Flavors & Fragrances by 5.7% in the second quarter. YorkBridge Wealth Partners LLC now owns 764 shares of the specialty chemicals company’s stock worth $103,000 after purchasing an additional 41 shares during the period. Cornerstone Advisors Inc. raised its holdings in Internationa Flavors & Fragrances by 30.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,056 shares of the specialty chemicals company’s stock worth $143,000 after purchasing an additional 245 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Internationa Flavors & Fragrances by 0.5% in the second quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock worth $144,000 after purchasing an additional 5 shares in the last quarter. Van ECK Associates Corp raised its holdings in Internationa Flavors & Fragrances by 7.2% in the first quarter. Van ECK Associates Corp now owns 1,167 shares of the specialty chemicals company’s stock worth $155,000 after purchasing an additional 78 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its holdings in Internationa Flavors & Fragrances by 6.3% in the second quarter. Commonwealth Bank of Australia now owns 1,276 shares of the specialty chemicals company’s stock worth $171,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 82.18% of the company’s stock.

IFF has been the topic of a number of research reports. BidaskClub upgraded shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research downgraded shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Barclays PLC reiterated a “sell” rating and issued a $123.00 price target on shares of Internationa Flavors & Fragrances in a research note on Friday, August 11th. Deutsche Bank AG reiterated a “hold” rating and issued a $139.00 price target (up from $135.00) on shares of Internationa Flavors & Fragrances in a research note on Thursday, August 10th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $136.00 price target (up from $129.00) on shares of Internationa Flavors & Fragrances in a research report on Friday, June 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. Internationa Flavors & Fragrances presently has an average rating of “Hold” and a consensus price target of $134.35.

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In related news, major shareholder Winder Investment Pte Ltd bought 20,000 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were bought at an average price of $132.57 per share, for a total transaction of $2,651,400.00. Following the completion of the purchase, the insider now directly owns 9,270,793 shares of the company’s stock, valued at $1,229,029,028.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicolas Mirzayantz sold 1,232 shares of Internationa Flavors & Fragrances stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $143.56, for a total value of $176,865.92. Following the completion of the transaction, the insider now owns 43,809 shares in the company, valued at approximately $6,289,220.04. The disclosure for this sale can be found here. Over the last three months, insiders bought 1,169,400 shares of company stock valued at $156,795,273 and sold 6,998 shares valued at $962,952. Insiders own 0.48% of the company’s stock.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) traded up 0.75% during mid-day trading on Monday, reaching $143.98. 116,064 shares of the company traded hands. Internationa Flavors & Fragrances, Inc. has a 52 week low of $113.16 and a 52 week high of $145.52. The firm has a 50 day moving average of $137.95 and a 200-day moving average of $135.05. The stock has a market capitalization of $11.37 billion, a PE ratio of 29.05 and a beta of 1.11.

Internationa Flavors & Fragrances (NYSE:IFF) last announced its 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. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. The business had revenue of $842.86 million for the quarter, compared to analysts’ expectations of $845.89 million. During the same quarter last year, the firm earned $1.47 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities research analysts expect 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. Stockholders of record on Monday, September 25th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 1.93%. This is a positive change 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 payout ratio is presently 55.76%.

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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