PICTET BANK & TRUST Ltd Reduces Position in Internationa Flavors & Fragrances, Inc. (IFF)

PICTET BANK & TRUST Ltd cut its position in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 18.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,940 shares of the specialty chemicals company’s stock after selling 4,120 shares during the period. PICTET BANK & TRUST Ltd’s holdings in Internationa Flavors & Fragrances were worth $2,378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IFF. 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 worth $1,078,000 after buying an additional 30 shares in the last quarter. 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 in 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 in 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 in 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 in the last quarter. 86.29% of the stock is currently owned by institutional investors and hedge funds.

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

Internationa Flavors & Fragrances, Inc. (IFF) traded down 0.38% during mid-day trading on Friday, reaching $134.58. The company had a trading volume of 1,135,356 shares. Internationa Flavors & Fragrances, Inc. has a 12 month low of $113.16 and a 12 month high of $143.64. The firm’s 50 day moving average price is $136.17 and its 200-day moving average price is $127.30. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 26.77 and a beta of 1.07.

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

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

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A number of research analysts have recently weighed in on the company. Barclays PLC set a $112.00 price objective on Internationa Flavors & Fragrances and gave the company a “sell” rating in a report on Saturday, February 18th. Zacks Investment Research raised Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. Stifel Nicolaus reissued a “hold” rating and issued a $136.00 price objective (up from $129.00) on shares of Internationa Flavors & Fragrances in a report on Friday. Vertical Research lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Finally, Deutsche Bank AG increased their price objective on Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the company a “hold” rating in a report on Wednesday, May 10th. 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. Internationa Flavors & Fragrances has an average rating of “Hold” and a consensus price target of $139.83.

In other Internationa Flavors & Fragrances news, EVP Francisco Fortanet sold 300 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was 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 in the company, valued at approximately $2,813,763.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Winder Investment Pte Ltd bought 40,000 shares of the company’s stock in a transaction on Wednesday, April 26th. The shares were acquired at an average price of $138.99 per share, for a total transaction of $5,559,600.00. Following the transaction, the insider now directly owns 8,861,833 shares in the company, valued at approximately $1,231,706,168.67. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 495,140 shares of company stock valued at $67,691,529. 0.48% of the stock is owned by company insiders.

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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