International Flavors & Fragrances Inc (IFF) Position Held by Bright Rock Capital Management LLC

Bright Rock Capital Management LLC continued to hold its stake in shares of International Flavors & Fragrances Inc (NYSE:IFF) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the specialty chemicals company’s stock at the end of the first quarter. Bright Rock Capital Management LLC’s holdings in International Flavors & Fragrances were worth $1,325,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IFF. Winder Investment Pte Ltd purchased a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at about $920,104,000. State Street Corp increased its stake in shares of International Flavors & Fragrances by 6.1% in the fourth quarter. State Street Corp now owns 3,482,734 shares of the specialty chemicals company’s stock valued at $410,368,000 after buying an additional 199,155 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of International Flavors & Fragrances by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,089,484 shares of the specialty chemicals company’s stock valued at $298,734,000 after buying an additional 21,032 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of International Flavors & Fragrances by 3.4% in the third quarter. BlackRock Fund Advisors now owns 1,428,488 shares of the specialty chemicals company’s stock valued at $204,231,000 after buying an additional 47,407 shares during the last quarter. Finally, Janus Capital Management LLC increased its stake in shares of International Flavors & Fragrances by 42.9% in the fourth quarter. Janus Capital Management LLC now owns 1,001,707 shares of the specialty chemicals company’s stock valued at $118,031,000 after buying an additional 300,852 shares during the last quarter. 77.76% of the stock is owned by institutional investors and hedge funds.

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

Shares of International Flavors & Fragrances Inc (NYSE:IFF) traded up 0.94% during trading on Thursday, hitting $135.80. 268,099 shares of the stock were exchanged. The company has a market cap of $10.73 billion, a price-to-earnings ratio of 26.89 and a beta of 1.04. The stock’s 50 day moving average price is $130.60 and its 200-day moving average price is $124.90. International Flavors & Fragrances Inc has a one year low of $113.16 and a one year high of $143.64.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Wednesday, February 15th. The specialty chemicals company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.06. International Flavors & Fragrances had a net margin of 12.92% and a return on equity of 25.92%. The company had revenue of $762.60 million for the quarter, compared to the consensus estimate of $753.62 million. During the same period in the prior year, the firm posted $1.05 EPS. On average, analysts predict that International Flavors & Fragrances Inc will post $5.82 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 7th. Shareholders of record on Monday, March 27th were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, March 23rd. International Flavors & Fragrances’s dividend payout ratio is presently 51.82%.

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Several analysts have issued reports on IFF shares. Zacks Investment Research downgraded shares of International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research note on Tuesday. Barclays PLC set a $112.00 price objective on shares of International Flavors & Fragrances and gave the stock a “sell” rating in a research note on Saturday, February 18th. Exane BNP Paribas downgraded shares of International Flavors & Fragrances from an “outperform” rating to a “neutral” rating and set a $132.00 price objective for the company. in a research note on Friday, January 6th. Consumer Edge lowered shares of International Flavors & Fragrances from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 16th. Finally, BNP Paribas reaffirmed a “neutral” rating and set a $132.00 target price (down from $160.00) on shares of International Flavors & Fragrances in a research report on Friday, January 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $138.74.

In other news, major shareholder Winder Investment Pte Ltd acquired 36,500 shares of the company’s stock in a transaction on Wednesday, April 19th. The shares were bought at an average cost of $134.53 per share, with a total value of $4,910,345.00. Following the transaction, the insider now owns 8,716,933 shares in the company, valued at approximately $1,172,688,996.49. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Henry W. Howell, Jr. sold 775 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $121.54, for a total transaction of $94,193.50. Following the completion of the sale, the director now directly owns 1,198 shares in the company, valued at $145,604.92. The disclosure for this sale can be found here. Over the last three months, insiders acquired 769,293 shares of company stock worth $97,652,216 and sold 5,921 shares worth $752,863. Corporate insiders own 0.55% of the company’s stock.

International 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.

5 Day Chart for NYSE:IFF

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