Internationa Flavors & Fragrances, Inc. (IFF) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC reduced its stake in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,774 shares of the specialty chemicals company’s stock after selling 278 shares during the period. Sentry Investment Management LLC’s holdings in Internationa Flavors & Fragrances were worth $765,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Albert D Mason Inc. raised its position in shares of Internationa Flavors & Fragrances by 0.4% in the first quarter. Albert D Mason Inc. now owns 8,135 shares of the specialty chemicals company’s stock valued at $1,078,000 after buying an additional 30 shares during the period. Pacer Advisors Inc. raised its position in shares of Internationa Flavors & Fragrances by 3.1% in the first quarter. Pacer Advisors Inc. now owns 1,466 shares of the specialty chemicals company’s stock worth $194,000 after buying an additional 44 shares during the last quarter. Genesee Valley Trust Co. raised its position in shares of Internationa Flavors & Fragrances by 1.9% in the first quarter. Genesee Valley Trust Co. now owns 2,756 shares of the specialty chemicals company’s stock worth $365,000 after buying an additional 51 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Internationa Flavors & Fragrances by 5.1% in the fourth quarter. Van ECK Associates Corp now owns 1,089 shares of the specialty chemicals company’s stock worth $128,000 after buying an additional 53 shares during the last quarter. Finally, Mason Street Advisors LLC raised its position in shares of Internationa Flavors & Fragrances by 0.5% in the first quarter. Mason Street Advisors LLC now owns 10,922 shares of the specialty chemicals company’s stock worth $1,447,000 after buying an additional 57 shares during the last quarter. 86.29% of the stock is owned by institutional investors.

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

Shares of Internationa Flavors & Fragrances, Inc. (NYSE IFF) traded down 0.38% during midday trading on Friday, reaching $134.58. 1,135,356 shares of the company’s stock traded hands. The stock has a 50 day moving average of $136.17 and a 200-day moving average of $127.30. The stock has a market cap of $10.63 billion, a P/E ratio of 26.77 and a beta of 1.07. Internationa Flavors & Fragrances, Inc. has a 12 month low of $113.16 and a 12 month high of $143.64.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Monday, May 8th. The specialty chemicals company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. The firm had revenue of $828.30 million during the quarter, compared to analysts’ expectations of $833.73 million. Internationa Flavors & Fragrances had a net margin of 12.72% and a return on equity of 26.75%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $1.45 earnings per share. On average, equities research analysts forecast that Internationa Flavors & Fragrances, Inc. will post $5.74 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 7th. Stockholders of record on Monday, June 26th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, June 22nd. Internationa Flavors & Fragrances’s dividend payout ratio is currently 50.89%.

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A number of equities analysts recently weighed in on IFF shares. BidaskClub lowered shares of Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. Zacks Investment Research raised shares of Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Monday, May 1st. Stifel Nicolaus upped their target price on shares of Internationa Flavors & Fragrances from $123.00 to $127.00 and gave the stock a “hold” rating in a research note on Monday, March 27th. Deutsche Bank AG upped their target price on shares of Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the stock a “hold” rating in a research note on Wednesday, May 10th. Finally, Vertical Group lowered shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $139.83.

In other Internationa Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd acquired 36,500 shares of Internationa Flavors & Fragrances stock in a transaction dated Wednesday, April 19th. The stock was purchased at an average cost of $134.53 per share, for a total transaction of $4,910,345.00. Following the completion of the acquisition, the insider now directly owns 8,716,933 shares of the company’s stock, valued at $1,172,688,996.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Francisco Fortanet sold 300 shares of Internationa Flavors & Fragrances stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $138.65, for a total transaction of $41,595.00. Following the transaction, the executive vice president now owns 20,294 shares of the company’s stock, valued at $2,813,763.10. The disclosure for this sale can be found here. Insiders have bought 495,140 shares of company stock valued at $67,691,529 over the last quarter. Corporate insiders own 0.48% of the company’s stock.

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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