Stephens Inc. AR Cuts Stake in International Flavors & Fragrances Inc (NYSE:IFF)

Stephens Inc. AR reduced its holdings in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 4.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,268 shares of the specialty chemicals company’s stock after selling 221 shares during the period. Stephens Inc. AR’s holdings in International Flavors & Fragrances were worth $619,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dundas Partners LLP increased its stake in International Flavors & Fragrances by 1.3% during the 2nd quarter. Dundas Partners LLP now owns 77,775 shares of the specialty chemicals company’s stock worth $11,283,000 after buying an additional 1,025 shares during the period. DekaBank Deutsche Girozentrale increased its stake in International Flavors & Fragrances by 2,573.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 202,083 shares of the specialty chemicals company’s stock worth $29,062,000 after buying an additional 194,524 shares during the period. Advisory Services Network LLC increased its position in shares of International Flavors & Fragrances by 119.0% in the 2nd quarter. Advisory Services Network LLC now owns 230 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 125 shares during the last quarter. Coastal Investment Advisors Inc. increased its position in shares of International Flavors & Fragrances by 191.3% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,477 shares of the specialty chemicals company’s stock valued at $214,000 after purchasing an additional 970 shares during the last quarter. Finally, Cape Cod Five Cents Savings Bank increased its position in shares of International Flavors & Fragrances by 8.3% in the 2nd quarter. Cape Cod Five Cents Savings Bank now owns 8,941 shares of the specialty chemicals company’s stock valued at $1,297,000 after purchasing an additional 683 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have commented on IFF. KeyCorp dropped their price objective on shares of International Flavors & Fragrances from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. raised shares of International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $127.00 to $125.00 in a research report on Wednesday, August 7th. Exane BNP Paribas downgraded shares of International Flavors & Fragrances to an “underperform” rating in a research report on Friday, June 21st. Berenberg Bank downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and dropped their price objective for the company from $155.00 to $133.00 in a research report on Thursday, August 8th. Finally, Stifel Nicolaus set a $120.00 price objective on shares of International Flavors & Fragrances and gave the company a “hold” rating in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. International Flavors & Fragrances has a consensus rating of “Hold” and an average price target of $143.00.

NYSE IFF opened at $110.49 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.60 and a quick ratio of 1.59. The firm’s fifty day moving average price is $135.29 and its 200 day moving average price is $135.56. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 17.59 and a beta of 0.75. International Flavors & Fragrances Inc has a 12 month low of $109.63 and a 12 month high of $152.95.

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, meeting the Zacks’ consensus estimate of $1.61. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. International Flavors & Fragrances had a net margin of 7.51% and a return on equity of 10.48%. The company’s revenue was up 41.3% on a year-over-year basis. During the same period last year, the firm posted $1.76 EPS. As a group, sell-side analysts forecast that International Flavors & Fragrances Inc will post 6.2 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 23rd will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $3.00 dividend on an annualized basis and a yield of 2.72%. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.73. International Flavors & Fragrances’s dividend payout ratio is currently 46.50%.

In related news, insider Nicolas Mirzayantz sold 2,636 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $147.00, for a total transaction of $387,492.00. Following the completion of the sale, the insider now owns 39,703 shares in the company, valued at approximately $5,836,341. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 7,965 shares of company stock valued at $1,124,154. 0.39% of the stock is owned by company insiders.

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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