Bright Rock Capital Management LLC maintained its position in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the specialty chemicals company’s stock at the end of the second quarter. Bright Rock Capital Management LLC’s holdings in Internationa Flavors & Fragrances were worth $1,350,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cleararc Capital Inc. boosted its position in Internationa Flavors & Fragrances by 0.6% in the first quarter. Cleararc Capital Inc. now owns 1,950 shares of the specialty chemicals company’s stock worth $258,000 after buying an additional 11 shares during the period. Ironwood Investment Management LLC boosted its position in Internationa Flavors & Fragrances by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 2,940 shares of the specialty chemicals company’s stock worth $397,000 after buying an additional 20 shares during the period. Albert D Mason Inc. boosted its position in 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 during the period. Pacer Advisors Inc. boosted its position in 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 period. Finally, Rothschild Asset Management Inc. boosted its position in Internationa Flavors & Fragrances by 1.2% in the second quarter. Rothschild Asset Management Inc. now owns 3,622 shares of the specialty chemicals company’s stock worth $489,000 after buying an additional 44 shares during the period. Institutional investors own 84.53% of the company’s stock.

Internationa Flavors & Fragrances, Inc. (NYSE:IFF) opened at 139.68 on Thursday. The company has a 50-day moving average price of $134.20 and a 200 day moving average price of $131.32. Internationa Flavors & Fragrances, Inc. has a 12-month low of $113.16 and a 12-month high of $143.64. The stock has a market cap of $11.03 billion, a price-to-earnings ratio of 27.78 and a beta of 1.11.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.05. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.93%. The firm had revenue of $842.86 million for the quarter, compared to analyst estimates of $845.89 million. During the same quarter in the previous year, the business posted $1.47 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that Internationa Flavors & Fragrances, Inc. will post $5.75 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 25th will be issued a $0.69 dividend. The ex-dividend date is Friday, September 22nd. This represents a $2.76 dividend on an annualized basis and a yield of 1.98%. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. Internationa Flavors & Fragrances’s payout ratio is currently 51.72%.

TRADEMARK VIOLATION WARNING: “Bright Rock Capital Management LLC Has $1,350,000 Stake in Internationa Flavors & Fragrances, Inc. (IFF)” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this report on another publication, it was copied illegally and republished in violation of international copyright and trademark laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/08/10/bright-rock-capital-management-llc-has-1350000-stake-in-internationa-flavors-fragrances-inc-iff.html.

A number of research firms have commented on IFF. Zacks Investment Research upgraded Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $136.00 price objective on shares of Internationa Flavors & Fragrances in a research report on Friday, July 21st. BidaskClub lowered Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Vertical Research lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Finally, Deutsche Bank AG upped their price objective on Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $139.22.

In other Internationa Flavors & Fragrances news, EVP Francisco Fortanet sold 300 shares of the business’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 owns 19,994 shares in the company, valued at approximately $2,686,393.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Winder Investment Pte Ltd acquired 20,000 shares of the business’s stock in a transaction on Monday, June 26th. The stock was purchased at an average price of $137.08 per share, for a total transaction of $2,741,600.00. Following the acquisition, the insider now directly owns 9,230,793 shares in the company, valued at $1,265,357,104.44. The disclosure for this purchase can be found here. Insiders acquired a total of 1,236,598 shares of company stock worth $165,590,656 in the last quarter. 0.48% of the stock is currently owned by company insiders.

About Internationa Flavors & Fragrances

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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