Pictet Asset Management Ltd. reduced its position in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 154,152 shares of the specialty chemicals company’s stock after selling 395 shares during the period. Pictet Asset Management Ltd.’s holdings in Internationa Flavors & Fragrances were worth $21,256,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. YorkBridge Wealth Partners LLC increased its position 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 valued at $100,000 after buying an additional 146 shares during the period. TrimTabs Asset Management LLC acquired a new position in Internationa Flavors & Fragrances during the first quarter valued at approximately $122,000. Cornerstone Advisors Inc. increased its position 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 valued at $143,000 after buying an additional 245 shares during the period. Van ECK Associates Corp increased its position 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 valued at $155,000 after buying an additional 78 shares during the period. Finally, Cohen Capital Management Inc. acquired a new position in Internationa Flavors & Fragrances during the first quarter valued at approximately $172,000. Institutional investors and hedge funds own 84.53% of the company’s stock.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) opened at 135.38 on Friday. The company has a 50-day moving average of $134.23 and a 200-day moving average of $131.49. The stock has a market capitalization of $10.69 billion, a PE ratio of 27.32 and a beta of 1.11. Internationa Flavors & Fragrances, Inc. has a 12 month low of $113.16 and a 12 month high of $143.64.

Internationa Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.05. The company had revenue of $842.86 million during the quarter, compared to analyst estimates of $845.89 million. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.47 EPS. On average, equities research analysts expect that Internationa Flavors & Fragrances, Inc. will post $5.75 EPS for the current fiscal year.

The business 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 dividend of $0.69 per share. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. This represents a $2.76 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Friday, September 22nd. Internationa Flavors & Fragrances’s dividend payout ratio (DPR) is currently 51.72%.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.dailypolitical.com/2017/08/12/internationa-flavors-fragrances-inc-iff-shares-sold-by-pictet-asset-management-ltd.html.

IFF has been the subject of several research reports. BidaskClub downgraded shares of Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. Zacks Investment Research upgraded shares of Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a research note on Monday, May 1st. Deutsche Bank AG boosted their price target on shares of Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the stock a “hold” rating in a research note on Wednesday, May 10th. Vertical Group downgraded shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, Vertical Research downgraded shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. Internationa Flavors & Fragrances currently has an average rating of “Hold” and an average price target of $140.61.

In other news, insider Nicolas Mirzayantz sold 1,233 shares of Internationa Flavors & Fragrances stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $133.76, for a total value of $164,926.08. Following the completion of the transaction, the insider now directly owns 46,274 shares of the company’s stock, valued at approximately $6,189,610.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Francisco Fortanet sold 300 shares of Internationa Flavors & Fragrances stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $134.36, for a total transaction of $40,308.00. Following the completion of the transaction, the executive vice president now directly owns 19,994 shares of the company’s stock, valued at $2,686,393.84. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 1,234,682 shares of company stock valued at $165,428,363. 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.

Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Internationa Flavors & Fragrances, Inc. (NYSE:IFF).

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

Receive News & Ratings for Internationa Flavors & Fragrances Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Internationa Flavors & Fragrances Inc. and related companies with MarketBeat.com's FREE daily email newsletter.