South Dakota Investment Council Has $405,000 Stake in Internationa Flavors & Fragrances, Inc. (IFF)

South Dakota Investment Council lessened its stake in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 62.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,000 shares of the specialty chemicals company’s stock after selling 5,000 shares during the period. South Dakota Investment Council’s holdings in Internationa Flavors & Fragrances were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.

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

Internationa Flavors & Fragrances, Inc. (NYSE IFF) opened at 143.78 on Friday. The firm has a market capitalization of $11.36 billion, a P/E ratio of 29.01 and a beta of 1.09. Internationa Flavors & Fragrances, Inc. has a 52-week low of $113.16 and a 52-week high of $144.13. The firm has a 50-day moving average price of $137.31 and a 200 day moving average price of $134.66.

Internationa Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.05. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. The firm 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. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts forecast that Internationa Flavors & Fragrances, Inc. will post $5.78 EPS for the current year.

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

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In other news, EVP Francisco Fortanet sold 300 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $134.36, for a total value of $40,308.00. Following the transaction, the executive vice president now directly owns 19,994 shares in the company, valued at approximately $2,686,393.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Winder Investment Pte Ltd acquired 700 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was purchased at an average price of $139.32 per share, for a total transaction of $97,524.00. Following the completion of the acquisition, the insider now owns 10,420,193 shares in the company, valued at $1,451,741,288.76. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 1,269,400 shares of company stock worth $170,403,273 and have sold 5,766 shares worth $786,086. Corporate insiders own 0.48% of the company’s stock.

Several analysts recently issued reports on the stock. Deutsche Bank AG restated a “hold” rating and issued a $139.00 price objective (up from $135.00) on shares of Internationa Flavors & Fragrances in a report on Thursday, August 10th. BidaskClub lowered shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. KeyCorp restated a “buy” rating and issued a $148.00 price objective on shares of Internationa Flavors & Fragrances in a report on Thursday, August 24th. Zacks Investment Research lowered shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Finally, Barclays PLC restated a “sell” rating and issued a $123.00 price objective on shares of Internationa Flavors & Fragrances in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $138.91.

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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