Signature Financial Management Inc. cut its stake in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,678 shares of the specialty chemicals company’s stock after selling 118 shares during the period. Signature Financial Management Inc.’s holdings in Internationa Flavors & Fragrances were worth $362,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC raised 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 last quarter. TrimTabs Asset Management LLC bought a new position in Internationa Flavors & Fragrances during the first quarter valued at $122,000. Cornerstone Advisors Inc. raised 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 last quarter. Van ECK Associates Corp raised 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 last quarter. Finally, Cohen Capital Management Inc. bought a new position in Internationa Flavors & Fragrances during the first quarter valued at $172,000. 84.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) opened at 135.38 on Friday. The stock’s 50 day moving average price is $134.23 and its 200-day moving average price is $131.49. Internationa Flavors & Fragrances, Inc. has a 52-week low of $113.16 and a 52-week high of $143.64. The firm 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 (NYSE:IFF) last announced its earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 EPS for the quarter, beating the 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 for the quarter, compared to analyst estimates of $845.89 million. During the same quarter in the prior year, the company earned $1.47 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, analysts forecast that Internationa Flavors & Fragrances, Inc. will post $5.75 EPS for the current year.

The firm also recently announced 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 is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date is Friday, September 22nd. This represents a $2.76 annualized dividend and a dividend yield of 2.04%. Internationa Flavors & Fragrances’s dividend payout ratio is presently 51.72%.

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Several research firms have weighed in on IFF. Deutsche Bank AG reissued a “hold” rating and issued a $139.00 target price (up previously from $135.00) on shares of Internationa Flavors & Fragrances in a research note on Thursday. BidaskClub raised Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Monday, May 1st. Barclays PLC reissued a “sell” rating and issued a $123.00 target price on shares of Internationa Flavors & Fragrances in a research note on Friday. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $136.00 target price on shares of Internationa Flavors & Fragrances in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. Internationa Flavors & Fragrances has a consensus rating of “Hold” and an average target price of $140.61.

In other Internationa Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd bought 40,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were bought at an average price of $132.44 per share, for a total transaction of $5,297,600.00. Following the transaction, the insider now directly owns 9,101,803 shares in the company, valued at $1,205,442,789.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicolas Mirzayantz sold 1,233 shares of the company’s 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 sale, the insider now owns 46,274 shares in the company, valued at approximately $6,189,610.24. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 1,234,682 shares of company stock worth $165,428,363. 0.48% of the stock is owned by corporate 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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