Benjamin F. Edwards & Company Inc. Raises Stock Position in International Flavors & Fragrances Inc (NYSE:IFF)

Benjamin F. Edwards & Company Inc. grew its position in International Flavors & Fragrances Inc (NYSE:IFF) by 8.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,232 shares of the specialty chemicals company’s stock after buying an additional 720 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in International Flavors & Fragrances were worth $1,133,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Dundas Partners LLP boosted its holdings in shares of International Flavors & Fragrances by 1.3% in the 2nd quarter. Dundas Partners LLP now owns 77,775 shares of the specialty chemicals company’s stock valued at $11,283,000 after buying an additional 1,025 shares in the last quarter. Hikari Power Ltd purchased a new position in shares of International Flavors & Fragrances in the 2nd quarter valued at approximately $474,000. Daiwa Securities Group Inc. raised its position in shares of International Flavors & Fragrances by 24.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,096 shares of the specialty chemicals company’s stock valued at $594,000 after purchasing an additional 809 shares during the last quarter. Alpine Woods Capital Investors LLC raised its position in shares of International Flavors & Fragrances by 4.3% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 25,284 shares of the specialty chemicals company’s stock valued at $3,668,000 after purchasing an additional 1,044 shares during the last quarter. Finally, Bowen Hanes & Co. Inc. raised its position in shares of International Flavors & Fragrances by 0.8% in the 2nd quarter. Bowen Hanes & Co. Inc. now owns 279,311 shares of the specialty chemicals company’s stock valued at $40,525,000 after purchasing an additional 2,340 shares during the last quarter. Institutional investors and hedge funds own 94.24% of the company’s stock.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 929 shares of International Flavors & Fragrances stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $118.96, for a total transaction of $110,513.84. Following the sale, the insider now owns 33,536 shares of the company’s stock, valued at approximately $3,989,442.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 2,781 shares of company stock worth $350,815 in the last three months. 0.39% of the stock is owned by corporate insiders.

International Flavors & Fragrances stock traded down $1.18 during trading on Wednesday, reaching $140.02. The company had a trading volume of 1,097,606 shares, compared to its average volume of 1,011,238. The firm’s 50-day simple moving average is $129.53 and its 200 day simple moving average is $130.90. International Flavors & Fragrances Inc has a 1-year low of $104.86 and a 1-year high of $152.95. The firm has a market capitalization of $15.08 billion, a PE ratio of 22.30 and a beta of 0.88. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.25 and a current ratio of 2.05.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Monday, November 4th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.01). International Flavors & Fragrances had a net margin of 7.59% and a return on equity of 10.39%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business posted $1.64 EPS. International Flavors & Fragrances’s revenue was up 39.7% compared to the same quarter last year. Analysts anticipate that International Flavors & Fragrances Inc will post 6.18 EPS for the current year.

Several equities analysts recently commented on the stock. Societe Generale initiated coverage on shares of International Flavors & Fragrances in a research report on Monday, September 9th. They issued a “buy” rating and a $140.00 price objective for the company. JPMorgan Chase & Co. raised their price target on shares of International Flavors & Fragrances from $125.00 to $140.00 in a research report on Wednesday, November 6th. Stifel Nicolaus set a $120.00 price target on shares of International Flavors & Fragrances and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Berenberg Bank lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and reduced their price target for the stock from $155.00 to $133.00 in a research report on Thursday, August 8th. Finally, Citigroup raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and lifted their target price for the company from $137.00 to $155.00 in a report on Friday, November 22nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $143.80.

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 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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