MUFG Americas Holdings Corp cut its stake in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 63.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 9,555 shares of the specialty chemicals company’s stock after selling 16,878 shares during the period. MUFG Americas Holdings Corp’s holdings in Internationa Flavors & Fragrances were worth $1,366,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. YorkBridge Wealth Partners LLC raised its position in shares of Internationa Flavors & Fragrances by 5.7% in the second quarter. YorkBridge Wealth Partners LLC now owns 764 shares of the specialty chemicals company’s stock valued at $103,000 after buying an additional 41 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Internationa Flavors & Fragrances by 0.5% in the second quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 5 shares during the last quarter. Commonwealth Bank of Australia raised its position in shares of Internationa Flavors & Fragrances by 6.3% in the second quarter. Commonwealth Bank of Australia now owns 1,276 shares of the specialty chemicals company’s stock valued at $171,000 after buying an additional 76 shares during the last quarter. IFP Advisors Inc raised its position in shares of Internationa Flavors & Fragrances by 15.1% in the second quarter. IFP Advisors Inc now owns 1,353 shares of the specialty chemicals company’s stock valued at $183,000 after buying an additional 177 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Internationa Flavors & Fragrances in the second quarter valued at about $189,000. Institutional investors own 83.02% of the company’s stock.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE IFF) traded down $0.74 on Friday, hitting $154.70. 280,919 shares of the company were exchanged, compared to its average volume of 273,168. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.66 and a quick ratio of 1.77. The stock has a market capitalization of $12,276.21, a price-to-earnings ratio of 27.22, a P/E/G ratio of 3.08 and a beta of 1.19. Internationa Flavors & Fragrances, Inc. has a 12-month low of $113.16 and a 12-month high of $156.64.

Internationa Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, November 6th. The specialty chemicals company reported $1.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.05. The company had revenue of $872.90 million during the quarter, compared to analyst estimates of $847.63 million. Internationa Flavors & Fragrances had a net margin of 12.57% and a return on equity of 27.13%. Internationa Flavors & Fragrances’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.34 earnings per share. equities analysts anticipate that Internationa Flavors & Fragrances, Inc. will post 5.79 EPS for the current year.

IFF has been the subject of a number of recent research reports. UBS reiterated a “buy” rating and issued a $166.00 target price (up from $151.00) on shares of Internationa Flavors & Fragrances in a research report on Tuesday, November 7th. KeyCorp reissued a “buy” rating and issued a $148.00 price objective on shares of Internationa Flavors & Fragrances in a report on Thursday, August 24th. Zacks Investment Research lowered shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Berenberg Bank reissued a “buy” rating and issued a $160.00 price objective on shares of Internationa Flavors & Fragrances in a report on Friday, November 10th. Finally, Barclays reissued a “sell” rating and issued a $123.00 price objective on shares of Internationa Flavors & Fragrances in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $143.70.

In other Internationa Flavors & Fragrances news, EVP Anne Chwat sold 3,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $149.61, for a total transaction of $448,830.00. Following the completion of the transaction, the executive vice president now owns 39,157 shares of the company’s stock, valued at $5,858,278.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Winder Investment Pte Ltd bought 3,672 shares of the stock in a transaction on Wednesday, September 6th. The shares were bought at an average cost of $138.44 per share, with a total value of $508,351.68. Following the purchase, the insider now owns 10,419,493 shares of the company’s stock, valued at $1,442,474,610.92. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 32,072 shares of company stock valued at $4,456,176. 0.48% of the stock is currently owned by insiders.

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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.

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

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