Texas Permanent School Fund decreased its position in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 3.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,190 shares of the specialty chemicals company’s stock after selling 904 shares during the period. Texas Permanent School Fund’s holdings in Internationa Flavors & Fragrances were worth $2,996,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its stake in Internationa Flavors & Fragrances by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 723 shares of the specialty chemicals company’s stock worth $100,000 after buying an additional 146 shares in the last quarter. TrimTabs Asset Management LLC bought a new stake in Internationa Flavors & Fragrances during the first quarter worth approximately $122,000. Cornerstone Advisors Inc. boosted its stake in Internationa Flavors & Fragrances by 30.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,056 shares of the specialty chemicals company’s stock worth $143,000 after buying an additional 245 shares in the last quarter. Van ECK Associates Corp boosted its stake in Internationa Flavors & Fragrances by 7.2% in the first quarter. Van ECK Associates Corp now owns 1,167 shares of the specialty chemicals company’s stock worth $155,000 after buying an additional 78 shares in the last quarter. Finally, Cohen Capital Management Inc. bought a new stake in Internationa Flavors & Fragrances during the first quarter worth approximately $172,000. Hedge funds and other institutional investors own 84.53% of the company’s stock.

Internationa Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, May 8th. The specialty chemicals company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.01. The firm had revenue of $828.30 million for the quarter, compared to analyst estimates of $833.73 million. Internationa Flavors & Fragrances had a return on equity of 26.75% and a net margin of 12.72%. Internationa Flavors & Fragrances’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 25th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 2.05%. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date is Friday, September 22nd. Internationa Flavors & Fragrances’s payout ratio is presently 50.89%.

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A number of research firms recently commented on IFF. BidaskClub cut Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. Barclays PLC reiterated a “sell” rating on shares of Internationa Flavors & Fragrances in a research report on Friday, May 12th. Stifel Nicolaus reiterated a “hold” rating and set a $136.00 price objective on shares of Internationa Flavors & Fragrances in a research report on Friday, July 21st. Zacks Investment Research upgraded Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a research report on Monday, July 24th. Finally, Vertical Research cut Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $139.22.

In other Internationa Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd purchased 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average cost of $133.35 per share, with a total value of $13,335,000.00. Following the completion of the transaction, the insider now owns 10,019,211 shares of the company’s stock, valued at $1,336,061,786.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Francisco Fortanet sold 300 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $134.36, for a total value of $40,308.00. Following the transaction, the executive vice president now directly owns 19,994 shares in the company, valued at $2,686,393.84. The disclosure for this sale can be found here. Insiders have purchased 977,408 shares of company stock worth $130,648,498 over the last three months. 0.48% of the stock is owned by 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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Institutional Ownership by Quarter for Internationa Flavors & Fragrances (NYSE:IFF)

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