Qube Research & Technologies Ltd acquired a new position in International Flavors & Fragrances Inc (NYSE:IFF) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,808 shares of the specialty chemicals company’s stock, valued at approximately $1,133,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IFF. Geode Capital Management LLC boosted its position in shares of International Flavors & Fragrances by 11.1% during the fourth quarter. Geode Capital Management LLC now owns 1,305,387 shares of the specialty chemicals company’s stock worth $174,980,000 after buying an additional 130,842 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of International Flavors & Fragrances during the first quarter worth $407,000. Retirement Systems of Alabama boosted its position in shares of International Flavors & Fragrances by 0.5% during the first quarter. Retirement Systems of Alabama now owns 47,172 shares of the specialty chemicals company’s stock worth $6,075,000 after buying an additional 246 shares during the period. Raymond James Trust N.A. purchased a new position in International Flavors & Fragrances in the first quarter valued at $201,000. Finally, Pennsylvania Trust Co boosted its holdings in International Flavors & Fragrances by 47.4% in the first quarter. Pennsylvania Trust Co now owns 3,075 shares of the specialty chemicals company’s stock valued at $228,000 after purchasing an additional 989 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

A number of research analysts recently issued reports on the company. BNP Paribas lowered International Flavors & Fragrances from a “neutral” rating to an “underperform” rating in a report on Friday, June 21st. ValuEngine cut International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Exane BNP Paribas cut International Flavors & Fragrances to an “underperform” rating in a research note on Friday, June 21st. Berenberg Bank cut International Flavors & Fragrances from a “buy” rating to a “hold” rating and cut their price target for the company from $155.00 to $133.00 in a research note on Thursday, August 8th. Finally, Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating and set a $151.00 price target on the stock in a research note on Monday, August 5th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. International Flavors & Fragrances presently has a consensus rating of “Hold” and a consensus price target of $143.00.

In related news, insider Nicolas Mirzayantz sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $142.00, for a total value of $355,000.00. Following the transaction, the insider now owns 40,858 shares in the company, valued at approximately $5,801,836. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 7,036 shares of company stock worth $1,021,388 in the last 90 days. 0.39% of the stock is currently owned by insiders.

Shares of IFF traded up $0.22 during midday trading on Monday, reaching $113.00. 5,362 shares of the stock were exchanged, compared to its average volume of 1,475,243. The business’s 50-day moving average price is $138.50 and its 200 day moving average price is $136.23. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.60 and a quick ratio of 1.59. International Flavors & Fragrances Inc has a twelve month low of $109.63 and a twelve month high of $152.95. The company has a market capitalization of $11.81 billion, a price-to-earnings ratio of 18.03 and a beta of 0.75.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, August 5th. The specialty chemicals company reported $1.61 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.61. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. International Flavors & Fragrances had a return on equity of 10.48% and a net margin of 7.51%. The business’s revenue was up 41.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 earnings per share. As a group, equities research analysts expect that International Flavors & Fragrances Inc will post 6.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 23rd will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.65%. The ex-dividend date is Friday, September 20th. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.73. International Flavors & Fragrances’s payout ratio is 46.50%.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste 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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