Paloma Partners Management Co Has $1.35 Million Stake in Internationa Flavors & Fragrances, Inc. (NYSE:IFF)

Paloma Partners Management Co cut its stake in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 39.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 10,164 shares of the specialty chemicals company’s stock after selling 6,678 shares during the period. Paloma Partners Management Co’s holdings in Internationa Flavors & Fragrances were worth $1,347,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cleararc Capital Inc. boosted its stake in shares of Internationa Flavors & Fragrances by 0.6% in the first quarter. Cleararc Capital Inc. now owns 1,950 shares of the specialty chemicals company’s stock valued at $258,000 after buying an additional 11 shares during the last quarter. Albert D Mason Inc. raised its position in shares of Internationa Flavors & Fragrances by 0.4% in the first quarter. Albert D Mason Inc. now owns 8,135 shares of the specialty chemicals company’s stock valued at $1,078,000 after buying an additional 30 shares during the period. Pacer Advisors Inc. raised 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 buying an additional 44 shares during the period. Genesee Valley Trust Co. raised its position in shares of Internationa Flavors & Fragrances by 1.9% in the first quarter. Genesee Valley Trust Co. now owns 2,756 shares of the specialty chemicals company’s stock valued at $365,000 after buying an additional 51 shares during the period. Finally, Mason Street Advisors LLC raised its position in shares of Internationa Flavors & Fragrances by 0.5% in the first quarter. Mason Street Advisors LLC now owns 10,922 shares of the specialty chemicals company’s stock valued at $1,447,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds own 83.59% of the company’s stock.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) traded down 0.32% during trading on Friday, hitting $133.15. The company had a trading volume of 340,568 shares. Internationa Flavors & Fragrances, Inc. has a 52 week low of $113.16 and a 52 week high of $143.64. The stock has a market capitalization of $10.51 billion, a P/E ratio of 26.48 and a beta of 1.12. The firm’s 50 day moving average is $134.45 and its 200-day moving average is $130.27.

Internationa Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Monday, May 8th. The specialty chemicals company reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.01. Internationa Flavors & Fragrances had a return on equity of 26.75% and a net margin of 12.72%. The company had revenue of $828.30 million for the quarter, compared to analysts’ expectations of $833.73 million. During the same period in the previous year, the firm posted $1.45 EPS. Internationa Flavors & Fragrances’s revenue was up 5.7% compared to the same quarter last year. Equities research analysts anticipate that Internationa Flavors & Fragrances, Inc. will post $5.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Monday, June 26th were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, June 22nd. Internationa Flavors & Fragrances’s dividend payout ratio (DPR) is 50.89%.

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IFF has been the topic of a number of research reports. Zacks Investment Research raised Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Monday, May 1st. BidaskClub downgraded Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Raymond James Financial, Inc. initiated coverage on Internationa Flavors & Fragrances in a report on Friday, July 7th. They set a “market perform” rating for the company. Stifel Nicolaus reiterated a “hold” rating and set a $136.00 price target (up previously from $129.00) on shares of Internationa Flavors & Fragrances in a report on Friday, June 16th. Finally, Vertical Group downgraded Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $139.22.

In other Internationa Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd bought 40,000 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were acquired at an average cost of $139.31 per share, with a total value of $5,572,400.00. Following the purchase, the insider now directly owns 9,041,803 shares of the company’s stock, valued at approximately $1,259,613,575.93. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nicolas Mirzayantz sold 1,233 shares of Internationa Flavors & Fragrances stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $133.76, for a total transaction of $164,926.08. Following the sale, the insider now directly owns 46,274 shares in the company, valued at approximately $6,189,610.24. The disclosure for this sale can be found here. Insiders acquired a total of 666,032 shares of company stock worth $89,729,073 over the last three months. Corporate insiders own 0.48% of the company’s stock.

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.

Institutional Ownership by Quarter for Internationa Flavors & Fragrances (NYSE:IFF)

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