Scotia Capital Inc. Has $1,418,000 Holdings in Internationa Flavors & Fragrances, Inc. (IFF)

Scotia Capital Inc. held its stake in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,500 shares of the specialty chemicals company’s stock at the end of the 2nd quarter. Scotia Capital Inc.’s holdings in Internationa Flavors & Fragrances were worth $1,418,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IFF. Ameriprise Financial Inc. grew its position in shares of Internationa Flavors & Fragrances by 13.7% in the first quarter. Ameriprise Financial Inc. now owns 56,401 shares of the specialty chemicals company’s stock valued at $7,480,000 after purchasing an additional 6,814 shares during the period. Pacer Advisors Inc. grew its position in shares of Internationa Flavors & Fragrances by 3.1% in the first quarter. Pacer Advisors Inc. now owns 1,466 shares of the specialty chemicals company’s stock valued at $194,000 after purchasing an additional 44 shares during the period. Van ECK Associates Corp grew its position in shares of 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 valued at $155,000 after purchasing an additional 78 shares during the period. FMR LLC grew its position in shares of Internationa Flavors & Fragrances by 11.4% in the first quarter. FMR LLC now owns 34,976 shares of the specialty chemicals company’s stock valued at $4,636,000 after purchasing an additional 3,592 shares during the period. Finally, Teachers Advisors LLC grew its position in shares of Internationa Flavors & Fragrances by 5.0% in the first quarter. Teachers Advisors LLC now owns 95,701 shares of the specialty chemicals company’s stock valued at $12,683,000 after purchasing an additional 4,535 shares during the period. 82.18% of the stock is owned by institutional investors and hedge funds.

In other Internationa Flavors & Fragrances news, insider Nicolas Mirzayantz sold 1,232 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $143.56, for a total transaction of $176,865.92. Following the transaction, the insider now directly owns 43,809 shares of the company’s stock, valued at $6,289,220.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Winder Investment Pte Ltd bought 40,000 shares of the stock in a transaction on Monday, July 24th. The shares were acquired at an average cost of $132.30 per share, for a total transaction of $5,292,000.00. Following the completion of the transaction, the insider now directly owns 9,461,793 shares of the company’s stock, valued at $1,251,795,213.90. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 1,049,400 shares of company stock worth $140,816,873 and have sold 6,998 shares worth $962,952. Corporate insiders own 0.48% of the company’s stock.

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

Internationa Flavors & Fragrances (NYSE:IFF) last posted its quarterly 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. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The business had revenue of $842.86 million for the quarter, compared to the consensus estimate of $845.89 million. During the same period in the prior year, the business posted $1.47 earnings per share. Internationa Flavors & Fragrances’s revenue for the quarter was up 6.2% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 6th. Stockholders of record on Monday, September 25th were paid a $0.69 dividend. The ex-dividend date of this dividend was Friday, September 22nd. This is an increase 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 1.87%. Internationa Flavors & Fragrances’s dividend payout ratio is 55.76%.

About Internationa Flavors & Fragrances

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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