Northeast Investment Management Buys Shares of 4,000 Internationa Flavors & Fragrances, Inc. (IFF)

Northeast Investment Management bought a new position in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,000 shares of the specialty chemicals company’s stock, valued at approximately $572,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Winder Investment Pte Ltd grew its holdings in shares of Internationa Flavors & Fragrances by 12.6% in the 3rd quarter. Winder Investment Pte Ltd now owns 10,420,193 shares of the specialty chemicals company’s stock worth $1,489,150,000 after purchasing an additional 1,169,400 shares during the last quarter. Vanguard Group Inc. grew its holdings in Internationa Flavors & Fragrances by 8.2% during the 2nd quarter. Vanguard Group Inc. now owns 8,765,573 shares of the specialty chemicals company’s stock worth $1,183,352,000 after acquiring an additional 666,120 shares during the last quarter. BlackRock Inc. grew its holdings in Internationa Flavors & Fragrances by 2.3% during the 2nd quarter. BlackRock Inc. now owns 5,034,108 shares of the specialty chemicals company’s stock worth $679,605,000 after acquiring an additional 113,160 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Internationa Flavors & Fragrances by 3.2% during the 3rd quarter. Wells Fargo & Company MN now owns 1,299,631 shares of the specialty chemicals company’s stock worth $185,730,000 after acquiring an additional 40,746 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in Internationa Flavors & Fragrances by 0.7% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 983,891 shares of the specialty chemicals company’s stock worth $140,608,000 after acquiring an additional 6,592 shares during the last quarter. 83.00% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the stock. Berenberg Bank reissued a “buy” rating and set a $160.00 price objective on shares of Internationa Flavors & Fragrances in a report on Friday, November 10th. Zacks Investment Research raised shares of Internationa Flavors & Fragrances from a “sell” rating to a “buy” rating and set a $168.00 price objective on the stock in a report on Thursday, November 9th. UBS reissued a “buy” rating and set a $166.00 price objective (up previously from $151.00) on shares of Internationa Flavors & Fragrances in a report on Tuesday, November 7th. KeyCorp upped their target price on shares of Internationa Flavors & Fragrances from $148.00 to $156.00 and gave the company an “overweight” rating in a research report on Monday, October 16th. Finally, Barclays restated a “sell” rating and set a $123.00 target price on shares of Internationa Flavors & Fragrances in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $143.70.

In related news, insider Nicolas Mirzayantz sold 1,232 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.56, for a total transaction of $176,865.92. Following the completion of the sale, the insider now directly owns 43,809 shares of the company’s stock, valued at approximately $6,289,220.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Anne Chwat sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $149.61, for a total value of $448,830.00. Following the sale, the executive vice president now directly owns 39,157 shares of the company’s stock, valued at $5,858,278.77. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) traded down $0.36 during trading hours on Tuesday, hitting $154.34. 411,800 shares of the company were exchanged, compared to its average volume of 459,904. The firm has a market cap of $12,217.77, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 3.07 and a beta of 1.19. The company has a quick ratio of 1.77, a current ratio of 2.66 and a debt-to-equity ratio of 0.92. Internationa Flavors & Fragrances, Inc. has a 1-year low of $113.16 and a 1-year high of $156.64.

Internationa Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Monday, November 6th. The specialty chemicals company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. Internationa Flavors & Fragrances had a net margin of 12.57% and a return on equity of 27.13%. The business had revenue of $872.90 million for the quarter, compared to the consensus estimate of $847.63 million. During the same period last year, the company posted $1.34 EPS. Internationa Flavors & Fragrances’s revenue for the quarter was up 12.3% on a year-over-year basis. equities analysts anticipate that Internationa Flavors & Fragrances, Inc. will post 5.79 earnings per share for the current year.

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Internationa Flavors & Fragrances Company Profile

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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