Nomura Asset Management Co. Ltd. lifted its stake in International Flavors & Fragrances Inc (NYSE:IFF) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,610 shares of the specialty chemicals company’s stock after acquiring an additional 157 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in International Flavors & Fragrances were worth $1,962,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. HL Financial Services LLC purchased a new stake in shares of International Flavors & Fragrances during the third quarter valued at $255,000. Janney Montgomery Scott LLC purchased a new stake in shares of International Flavors & Fragrances during the third quarter valued at $523,000. Commonwealth Equity Services LLC grew its holdings in shares of International Flavors & Fragrances by 122.3% during the third quarter. Commonwealth Equity Services LLC now owns 7,604 shares of the specialty chemicals company’s stock valued at $1,057,000 after buying an additional 4,184 shares during the last quarter. ING Groep NV purchased a new stake in shares of International Flavors & Fragrances during the third quarter valued at $365,000. Finally, SG Americas Securities LLC lifted its position in International Flavors & Fragrances by 237.7% during the third quarter. SG Americas Securities LLC now owns 24,306 shares of the specialty chemicals company’s stock valued at $3,381,000 after purchasing an additional 17,109 shares during the period. Institutional investors and hedge funds own 82.63% of the company’s stock.

A number of research analysts recently issued reports on the stock. KeyCorp decreased their target price on shares of International Flavors & Fragrances from $160.00 to $143.00 and set an “overweight” rating for the company in a research report on Monday, February 25th. ValuEngine downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Raymond James downgraded shares of International Flavors & Fragrances from a “market perform” rating to an “underperform” rating and set a $135.00 target price for the company. in a research report on Friday, November 16th. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, January 21st. Finally, Seaport Global Securities assumed coverage on shares of International Flavors & Fragrances in a research report on Thursday, February 21st. They set a “neutral” rating for the company. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $142.11.

In other news, major shareholder Winder Investment Pte Ltd acquired 79,300 shares of the firm’s stock in a transaction on Wednesday, December 19th. The stock was acquired at an average price of $132.17 per share, for a total transaction of $10,481,081.00. Following the completion of the transaction, the insider now owns 18,913,558 shares in the company, valued at approximately $2,499,804,960.86. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 1,102,910 shares of company stock valued at $144,811,615. Insiders own 0.50% of the company’s stock.

NYSE IFF opened at $124.96 on Friday. The firm has a market cap of $13.32 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 2.20 and a beta of 0.75. International Flavors & Fragrances Inc has a 1 year low of $122.11 and a 1 year high of $150.57. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.61 and a quick ratio of 1.65.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Wednesday, February 13th. The specialty chemicals company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.07). The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. International Flavors & Fragrances had a return on equity of 15.56% and a net margin of 8.48%. The company’s revenue was up 42.6% on a year-over-year basis. During the same quarter last year, the company posted $1.40 EPS. On average, equities analysts predict that International Flavors & Fragrances Inc will post 6.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Monday, March 25th will be given a $0.73 dividend. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.34%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 46.50%.

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International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily 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 International Flavors & Fragrances (NYSE:IFF)

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