LS Investment Advisors LLC Boosts Stake in International Flavors & Fragrances Inc (IFF)

LS Investment Advisors LLC grew its position in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 11.4% in the fourth quarter, Holdings Channel reports. The fund owned 4,344 shares of the specialty chemicals company’s stock after buying an additional 444 shares during the quarter. LS Investment Advisors LLC’s holdings in International Flavors & Fragrances were worth $583,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM Advisors LLC acquired a new position in International Flavors & Fragrances during the fourth quarter worth $360,000. Robecosam AG raised its holdings in shares of International Flavors & Fragrances by 48.4% in the fourth quarter. Robecosam AG now owns 18,334 shares of the specialty chemicals company’s stock valued at $2,424,000 after purchasing an additional 5,983 shares during the last quarter. State Treasurer State of Michigan raised its holdings in shares of International Flavors & Fragrances by 6.6% in the fourth quarter. State Treasurer State of Michigan now owns 29,042 shares of the specialty chemicals company’s stock valued at $3,899,000 after purchasing an additional 1,800 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of International Flavors & Fragrances by 129.4% in the fourth quarter. TD Asset Management Inc. now owns 52,947 shares of the specialty chemicals company’s stock valued at $7,109,000 after purchasing an additional 29,862 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of International Flavors & Fragrances by 11.7% in the fourth quarter. Creative Planning now owns 7,603 shares of the specialty chemicals company’s stock valued at $1,021,000 after purchasing an additional 798 shares during the last quarter. Hedge funds and other institutional investors own 78.65% of the company’s stock.

IFF opened at $141.77 on Monday. The stock has a market cap of $15.12 billion, a P/E ratio of 24.07, a P/E/G ratio of 2.80 and a beta of 0.83. The company has a debt-to-equity ratio of 1.07, a current ratio of 9.16 and a quick ratio of 8.21. International Flavors & Fragrances Inc has a fifty-two week low of $122.11 and a fifty-two week high of $150.57.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, January 21st. ValuEngine lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Raymond James lowered shares of International Flavors & Fragrances from a “market perform” rating to an “underperform” rating and set a $135.00 price target for the company. in a research report on Friday, November 16th. Citigroup started coverage on shares of International Flavors & Fragrances in a research report on Friday, November 16th. They set a “neutral” rating and a $152.00 price target for the company. Finally, Deutsche Bank upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and increased their price target for the company from $126.00 to $154.00 in a research report on Tuesday, October 16th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $145.00.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd bought 81,636 shares of the business’s stock in a transaction on Wednesday, January 16th. The stock was purchased at an average price of $134.06 per share, for a total transaction of $10,944,122.16. Following the completion of the transaction, the insider now directly owns 19,947,404 shares of the company’s stock, valued at $2,674,148,980.24. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Francisco Fortanet sold 439 shares of the stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $142.30, for a total transaction of $62,469.70. Following the transaction, the executive vice president now owns 15,754 shares of the company’s stock, valued at approximately $2,241,794.20. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 1,064,120 shares of company stock valued at $140,361,465. 0.50% of the stock is owned by company insiders.

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About International Flavors & Fragrances

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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Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Flavors & Fragrances Inc (NYSE:IFF).

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

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