Aperio Group LLC boosted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 4.6% during the third quarter, Holdings Channel reports. The firm owned 32,459 shares of the company’s stock after buying an additional 1,433 shares during the period. Aperio Group LLC’s holdings in International Flavors & Fragrances were worth $4,641,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC boosted its stake in International Flavors & Fragrances by 652.5% in the second quarter. Riverhead Capital Management LLC now owns 669,081 shares of the company’s stock worth $84,350,000 after buying an additional 580,171 shares during the period. Royal Bank of Canada boosted its stake in International Flavors & Fragrances by 61.5% in the second quarter. Royal Bank of Canada now owns 1,247,796 shares of the company’s stock worth $157,310,000 after buying an additional 475,064 shares during the period. Capital International Investors boosted its stake in International Flavors & Fragrances by 46.9% in the second quarter. Capital International Investors now owns 940,600 shares of the company’s stock worth $118,581,000 after buying an additional 300,400 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in International Flavors & Fragrances by 100.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 563,776 shares of the company’s stock worth $67,608,000 after buying an additional 281,888 shares during the period. Finally, Campbell Newman Asset Management Inc. purchased a new stake in International Flavors & Fragrances during the second quarter worth about $31,518,000. Institutional investors own 75.73% of the company’s stock.

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

International Flavors & Fragrances Inc. (NYSE:IFF) traded down 0.16% on Wednesday, reaching $121.05. 564,153 shares of the company traded hands. The firm has a market cap of $9.61 billion, a P/E ratio of 24.08 and a beta of 1.15. International Flavors & Fragrances Inc. has a 52-week low of $97.24 and a 52-week high of $143.64. The stock has a 50-day moving average price of $126.88 and a 200-day moving average price of $131.37.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Monday, November 7th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by $0.08. International Flavors & Fragrances had a net margin of 12.92% and a return on equity of 25.92%. The business earned $777 million during the quarter, compared to analyst estimates of $785.05 million. During the same quarter in the previous year, the firm posted $1.39 earnings per share. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts anticipate that International Flavors & Fragrances Inc. will post $5.45 earnings per share for the current fiscal year.

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IFF has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. restated a “buy” rating and set a $153.00 price target on shares of International Flavors & Fragrances in a report on Sunday, August 14th. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a report on Tuesday, October 4th. Berenberg Bank restated a “buy” rating and set a $163.40 price target on shares of International Flavors & Fragrances in a report on Monday, September 26th. Deutsche Bank AG restated a “hold” rating and set a $137.00 price target on shares of International Flavors & Fragrances in a report on Thursday, October 13th. Finally, Stifel Nicolaus reduced their target price on shares of International Flavors & Fragrances from $140.00 to $121.00 and set a “hold” rating for the company in a research note on Tuesday, November 8th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $142.69.

In other news, insider Nicolas Mirzayantz sold 2,945 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $117.56, for a total transaction of $346,214.20. Following the transaction, the insider now directly owns 57,071 shares in the company, valued at approximately $6,709,266.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.55% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (IFF) creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Company operates in two segments: Flavors and Fragrances.

5 Day Chart for NYSE:IFF

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