Caxton Associates LP bought a new position in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 30,000 shares of the specialty chemicals company’s stock, valued at approximately $4,050,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in IFF. BlackRock Inc. lifted its holdings in Internationa Flavors & Fragrances by 2,877.1% during the 1st quarter. BlackRock Inc. now owns 4,920,948 shares of the specialty chemicals company’s stock worth $652,173,000 after buying an additional 4,755,656 shares during the period. Vanguard Group Inc. lifted its holdings in Internationa Flavors & Fragrances by 8.2% during the 2nd quarter. Vanguard Group Inc. now owns 8,765,573 shares of the specialty chemicals company’s stock worth $1,183,352,000 after buying an additional 666,120 shares during the period. Winder Investment Pte Ltd lifted its holdings in Internationa Flavors & Fragrances by 6.9% during the 2nd quarter. Winder Investment Pte Ltd now owns 9,250,793 shares of the specialty chemicals company’s stock worth $1,248,857,000 after buying an additional 595,140 shares during the period. Champlain Investment Partners LLC acquired a new position in Internationa Flavors & Fragrances during the 1st quarter worth about $22,463,000. Finally, Korea Investment CORP lifted its holdings in Internationa Flavors & Fragrances by 409.1% during the 2nd quarter. Korea Investment CORP now owns 176,667 shares of the specialty chemicals company’s stock worth $23,850,000 after buying an additional 141,967 shares during the period. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

In other Internationa Flavors & Fragrances news, insider Nicolas Mirzayantz sold 1,232 shares of the firm’s 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 sale, the insider now directly owns 43,809 shares in the company, valued at $6,289,220.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Winder Investment Pte Ltd acquired 100,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was bought at an average price of $133.35 per share, with a total value of $13,335,000.00. Following the completion of the acquisition, the insider now directly owns 10,019,211 shares of the company’s stock, valued at $1,336,061,786.85. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 1,149,400 shares of company stock valued at $154,143,873 and have sold 6,998 shares valued at $962,952. Corporate insiders own 0.48% of the company’s stock.

Several research analysts have commented on the company. Deutsche Bank AG reaffirmed a “hold” rating and set a $139.00 target price (up from $135.00) on shares of Internationa Flavors & Fragrances in a report on Thursday, August 10th. BidaskClub raised Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Barclays PLC reaffirmed a “sell” rating and set a $123.00 target price on shares of Internationa Flavors & Fragrances in a report on Friday, August 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $136.00 target price on shares of Internationa Flavors & Fragrances in a report on Friday, July 21st. Finally, Zacks Investment Research raised Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $134.35.

Internationa Flavors & Fragrances, Inc. (NYSE IFF) traded down 1.10% on Friday, hitting $145.63. The stock had a trading volume of 296,877 shares. The stock’s 50-day moving average is $141.13 and its 200-day moving average is $136.54. The company has a market cap of $11.50 billion, a P/E ratio of 29.38 and a beta of 1.11. Internationa Flavors & Fragrances, Inc. has a 52-week low of $113.16 and a 52-week high of $147.50.

Internationa Flavors & Fragrances (NYSE:IFF) last posted its earnings results 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 company had revenue of $842.86 million during the quarter, compared to analyst estimates of $845.89 million. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. Internationa Flavors & Fragrances’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.47 earnings per share. Analysts expect that Internationa Flavors & Fragrances, Inc. will post $5.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 6th. Stockholders of record on Monday, September 25th were issued a dividend of $0.69 per share. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, September 22nd. Internationa Flavors & Fragrances’s dividend payout ratio is currently 55.76%.

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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.

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

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