Crawford Investment Counsel Inc. held its position in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) during the third quarter, Holdings Channel reports. The fund owned 2,260 shares of the company’s stock at the end of the third quarter. Crawford Investment Counsel Inc.’s holdings in Internationa Flavors & Fragrances were worth $323,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in Internationa Flavors & Fragrances by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 874 shares of the company’s stock worth $110,000 after buying an additional 4 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in Internationa Flavors & Fragrances by 72.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 990 shares of the company’s stock worth $125,000 after buying an additional 417 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in Internationa Flavors & Fragrances by 1,929.2% in the third quarter. Cornerstone Advisors Inc. now owns 974 shares of the company’s stock worth $139,000 after buying an additional 926 shares during the last quarter. Mycio Wealth Partners LLC boosted its position in Internationa Flavors & Fragrances by 433.2% in the second quarter. Mycio Wealth Partners LLC now owns 1,109 shares of the company’s stock worth $140,000 after buying an additional 901 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Internationa Flavors & Fragrances during the second quarter worth $171,000. 75.61% of the stock is owned by hedge funds and other institutional investors.

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

Internationa Flavors & Fragrances, Inc. (NYSE:IFF) traded up 1.21% on Friday, hitting $116.66. 427,717 shares of the company were exchanged. The stock has a market cap of $9.27 billion, a PE ratio of 23.21 and a beta of 1.06. Internationa Flavors & Fragrances, Inc. has a 52-week low of $97.24 and a 52-week high of $143.64. The firm has a 50 day moving average of $119.23 and a 200-day moving average of $129.42.

Internationa Flavors & Fragrances (NYSE:IFF) last released its earnings results on Monday, November 7th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by $0.08. Internationa Flavors & Fragrances had a net margin of 12.92% and a return on equity of 25.92%. The company earned $777 million during the quarter, compared to analysts’ expectations of $785.05 million. During the same quarter in the previous year, the firm posted $1.39 earnings per share. Internationa Flavors & Fragrances’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts expect that Internationa Flavors & Fragrances, Inc. will post $5.46 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Wednesday, December 28th were issued a $0.64 dividend. The ex-dividend date was Friday, December 23rd. This represents a $2.56 dividend on an annualized basis and a yield of 2.19%. Internationa Flavors & Fragrances’s payout ratio is 51.82%.

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A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $159.00 target price on the stock in a report on Tuesday, October 4th. Berenberg Bank reiterated a “buy” rating and set a $163.40 target price on shares of Internationa Flavors & Fragrances in a report on Monday, September 26th. Stifel Nicolaus reduced their target price on shares of Internationa Flavors & Fragrances from $140.00 to $121.00 and set a “hold” rating on the stock in a report on Tuesday, November 8th. Deutsche Bank AG reiterated a “hold” rating and set a $137.00 target price on shares of Internationa Flavors & Fragrances in a report on Thursday, October 13th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of Internationa Flavors & Fragrances in a report on Monday, November 21st. They set a “neutral” rating and a $121.50 target price on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Internationa Flavors & Fragrances presently has an average rating of “Hold” and an average price target of $136.99.

In related news, insider Nicolas Mirzayantz sold 2,945 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $118.48, for a total value of $348,923.60. Following the completion of the sale, the insider now directly owns 54,126 shares in the company, valued at $6,412,848.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

About Internationa 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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