Candriam Luxembourg S.C.A. increased its stake in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 15.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 11,508 shares of the specialty chemicals company’s stock after buying an additional 1,545 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Internationa Flavors & Fragrances were worth $1,554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted 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 bought a new position in Internationa Flavors & Fragrances during the first quarter valued at $122,000. Cornerstone Advisors Inc. boosted 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 boosted 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. bought a new position in Internationa Flavors & Fragrances during the first quarter valued at $172,000. Institutional investors own 84.53% of the company’s stock.

Shares of Internationa Flavors & Fragrances, Inc. (IFF) opened at 135.38 on Friday. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of 27.32 and a beta of 1.11. Internationa Flavors & Fragrances, Inc. has a 1-year low of $113.16 and a 1-year high of $143.64. The stock’s 50 day moving average price is $134.23 and its 200-day moving average price is $131.49.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 25th will be issued a dividend of $0.69 per share. The ex-dividend date is Friday, September 22nd. This represents a $2.76 dividend on an annualized basis and a yield of 2.04%. This is a boost from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. Internationa Flavors & Fragrances’s payout ratio is presently 51.72%.

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IFF has been the topic of several research analyst reports. BidaskClub cut shares of Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a research report 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 objective on the stock in a research report on Monday, May 1st. Deutsche Bank AG upped their target price on 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 lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, Vertical Research lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $140.61.

In other Internationa Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd acquired 21,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was bought at an average price of $133.06 per share, for a total transaction of $2,887,402.00. Following the acquisition, the insider now directly owns 9,123,503 shares in the company, valued at $1,213,973,309.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 of the company’s stock, valued at approximately $2,686,393.84. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 1,234,682 shares of company stock valued at $165,428,363. 0.48% of the stock is 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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