Internationa Flavors & Fragrances, Inc. (IFF) Shares Sold by Axa

Axa decreased its stake in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,600 shares of the specialty chemicals company’s stock after selling 500 shares during the period. Axa owned 0.06% of Internationa Flavors & Fragrances worth $6,696,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of IFF. TrimTabs Asset Management LLC acquired a new position in shares of Internationa Flavors & Fragrances in the 1st quarter valued at $122,000. Cornerstone Advisors Inc. boosted its holdings in shares of Internationa Flavors & Fragrances by 30.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,056 shares of the specialty chemicals company’s stock valued at $143,000 after buying an additional 245 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Internationa Flavors & Fragrances by 7.2% in the 1st quarter. Van ECK Associates Corp now owns 1,167 shares of the specialty chemicals company’s stock valued at $155,000 after buying an additional 78 shares in the last quarter. Commonwealth Bank of Australia boosted its holdings in shares of Internationa Flavors & Fragrances by 6.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,276 shares of the specialty chemicals company’s stock valued at $171,000 after buying an additional 76 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Internationa Flavors & Fragrances by 15.1% in the 2nd quarter. IFP Advisors Inc now owns 1,353 shares of the specialty chemicals company’s stock valued at $183,000 after buying an additional 177 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

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Internationa Flavors & Fragrances, Inc. (NYSE:IFF) opened at 143.70 on Friday. Internationa Flavors & Fragrances, Inc. has a 12 month low of $113.16 and a 12 month high of $144.12. The stock has a market cap of $11.35 billion, a P/E ratio of 29.00 and a beta of 1.09. The firm’s 50-day moving average is $137.02 and its 200-day moving average is $134.52.

Internationa Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.05. The company had revenue of $842.86 million during the quarter, compared to the consensus estimate of $845.89 million. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 earnings per share. On average, equities analysts forecast that Internationa Flavors & Fragrances, Inc. will post $5.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 25th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $2.76 annualized dividend and a yield of 1.92%. This is an increase from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. Internationa Flavors & Fragrances’s dividend payout ratio is presently 51.72%.

IFF has been the subject of several research analyst reports. KeyCorp restated a “buy” rating and issued a $148.00 target price on shares of Internationa Flavors & Fragrances in a report on Thursday, August 24th. Raymond James Financial, Inc. initiated coverage on shares of Internationa Flavors & Fragrances in a report on Friday, July 7th. They issued a “market perform” rating for the company. Zacks Investment Research upgraded shares of Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $149.00 target price for the company in a report on Monday, July 24th. Stifel Nicolaus restated a “hold” rating and issued a $136.00 target price on shares of Internationa Flavors & Fragrances in a report on Friday, July 21st. Finally, BidaskClub cut shares of Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. Internationa Flavors & Fragrances currently has an average rating of “Hold” and an average price target of $138.91.

In related news, EVP Francisco Fortanet sold 300 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $134.36, for a total value of $40,308.00. Following the completion of the sale, the executive vice president now owns 19,994 shares of the company’s stock, valued at $2,686,393.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Winder Investment Pte Ltd acquired 100,000 shares of Internationa Flavors & Fragrances stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average cost of $133.35 per share, with a total value of $13,335,000.00. Following the acquisition, the insider now directly owns 10,019,211 shares of the company’s stock, valued at $1,336,061,786.85. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 1,269,400 shares of company stock valued at $170,403,273 and sold 5,766 shares valued at $786,086. 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.

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

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