Willis Investment Counsel reduced its stake in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 0.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,613 shares of the specialty chemicals company’s stock after selling 20 shares during the period. Willis Investment Counsel owned about 0.07% of Internationa Flavors & Fragrances worth $7,778,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. California Public Employees Retirement System grew its position in shares of Internationa Flavors & Fragrances by 2.3% during the 2nd quarter. California Public Employees Retirement System now owns 168,700 shares of the specialty chemicals company’s stock valued at $22,775,000 after acquiring an additional 3,800 shares during the period. FIL Ltd grew its position in shares of Internationa Flavors & Fragrances by 1.0% during the 2nd quarter. FIL Ltd now owns 6,384 shares of the specialty chemicals company’s stock valued at $862,000 after acquiring an additional 61 shares during the period. MML Investors Services LLC grew its position in shares of Internationa Flavors & Fragrances by 2.3% during the 2nd quarter. MML Investors Services LLC now owns 5,184 shares of the specialty chemicals company’s stock valued at $700,000 after acquiring an additional 118 shares during the period. Vanguard Group Inc. grew its position in shares of Internationa Flavors & Fragrances by 8.2% during the 2nd quarter. Vanguard Group Inc. now owns 8,765,573 shares of the specialty chemicals company’s stock valued at $1,183,352,000 after acquiring an additional 666,120 shares during the period. Finally, D.A. Davidson & CO. grew its position in shares of Internationa Flavors & Fragrances by 0.5% during the 2nd quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock valued at $144,000 after acquiring an additional 5 shares during the period. 82.18% of the stock is owned by hedge funds and other institutional investors.

IFF has been the subject of a number of research reports. BidaskClub downgraded shares of Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. Stifel Nicolaus reissued a “hold” rating and set a $136.00 target price (up from $129.00) on shares of Internationa Flavors & Fragrances in a research report on Friday, June 16th. Raymond James Financial, Inc. initiated coverage on shares of Internationa Flavors & Fragrances in a research report on Friday, July 7th. They set a “market perform” rating for the company. Zacks Investment Research raised shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Friday, July 14th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $139.00 target price (up from $135.00) on shares of Internationa Flavors & Fragrances in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. Internationa Flavors & Fragrances currently has a consensus rating of “Hold” and an average target price of $136.99.

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In other Internationa Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The shares were bought at an average price of $133.66 per share, with a total value of $2,673,200.00. Following the completion of the purchase, the insider now directly owns 9,250,793 shares in the company, valued at $1,236,460,992.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicolas Mirzayantz sold 1,232 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $143.56, for a total transaction of $176,865.92. Following the sale, the insider now directly owns 43,809 shares in the company, valued at approximately $6,289,220.04. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 1,209,400 shares of company stock worth $162,210,073 and have sold 6,998 shares worth $962,952. 0.48% of the stock is owned by corporate insiders.

Internationa Flavors & Fragrances, Inc. (IFF) traded up 0.27% on Friday, reaching $143.47. 92,451 shares of the company traded hands. The stock’s 50-day moving average is $137.95 and its 200-day moving average is $135.05. Internationa Flavors & Fragrances, Inc. has a 1-year low of $113.16 and a 1-year high of $144.72. The stock has a market capitalization of $11.33 billion, a price-to-earnings ratio of 28.95 and a beta of 1.09.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.05. The firm 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%. Internationa Flavors & Fragrances’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.47 earnings per share. Equities research analysts expect that Internationa Flavors & Fragrances, Inc. will post $5.78 EPS for the current year.

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 paid a dividend of $0.69 per share. This is an increase from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $2.76 dividend on an annualized basis and a yield of 1.90%. Internationa Flavors & Fragrances’s dividend payout ratio is presently 51.72%.

Internationa Flavors & Fragrances 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.

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

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