International Flavors & Fragrances Inc (IFF) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 57.1% in the third quarter, Holdings Channel reports. The institutional investor owned 751 shares of the specialty chemicals company’s stock after selling 1,000 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in International Flavors & Fragrances were worth $104,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new stake in shares of International Flavors & Fragrances during the 2nd quarter valued at about $113,000. Psagot Investment House Ltd. bought a new stake in shares of International Flavors & Fragrances during the 2nd quarter valued at about $148,000. IFP Advisors Inc grew its position in shares of International Flavors & Fragrances by 40.0% during the 3rd quarter. IFP Advisors Inc now owns 1,399 shares of the specialty chemicals company’s stock valued at $195,000 after buying an additional 400 shares during the last quarter. Raymond James Trust N.A. bought a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at about $203,000. Finally, Pennsylvania Trust Co bought a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at about $217,000. 63.60% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, August 13th. ValuEngine raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday. Stifel Nicolaus reissued a “hold” rating and set a $139.00 target price (up from $135.00) on shares of International Flavors & Fragrances in a research note on Thursday, August 9th. Finally, Deutsche Bank raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and boosted their target price for the company from $126.00 to $154.00 in a research note on Tuesday, October 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. International Flavors & Fragrances presently has an average rating of “Hold” and an average price target of $149.33.

In other news, EVP Francisco Fortanet sold 1,389 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $140.00, for a total value of $194,460.00. Following the completion of the sale, the executive vice president now directly owns 16,193 shares of the company’s stock, valued at approximately $2,267,020. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Winder Investment Pte Ltd purchased 2,800 shares of International Flavors & Fragrances stock in a transaction dated Monday, October 29th. The stock was bought at an average cost of $139.91 per share, with a total value of $391,748.00. Following the completion of the purchase, the insider now owns 18,472,160 shares in the company, valued at approximately $2,584,439,905.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 457,000 shares of company stock valued at $62,755,717 over the last three months. 0.50% of the stock is currently owned by company insiders.

International Flavors & Fragrances stock opened at $148.69 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.98. The stock has a market cap of $15.57 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.67 and a beta of 0.88. International Flavors & Fragrances Inc has a 52-week low of $122.11 and a 52-week high of $157.40.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, November 5th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.54. The firm had revenue of $907.50 million during the quarter, compared to analyst estimates of $886.15 million. International Flavors & Fragrances had a net margin of 8.35% and a return on equity of 28.32%. International Flavors & Fragrances’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 EPS. Equities analysts forecast that International Flavors & Fragrances Inc will post 6.07 EPS for the current fiscal year.

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International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors 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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