Hudson Valley Investment Advisors Inc. ADV reduced its position in International Flavors & Fragrances Inc (NYSE:IFF) by 27.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 3,595 shares of the specialty chemicals company’s stock after selling 1,375 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in International Flavors & Fragrances were worth $463,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Boston Family Office LLC boosted its holdings in shares of International Flavors & Fragrances by 0.4% in the 4th quarter. Boston Family Office LLC now owns 19,593 shares of the specialty chemicals company’s stock valued at $2,631,000 after buying an additional 69 shares in the last quarter. JOYN Advisors Inc. boosted its stake in International Flavors & Fragrances by 65.5% in the 4th quarter. JOYN Advisors Inc. now owns 187 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 74 shares in the last quarter. Kaizen Advisory LLC boosted its stake in International Flavors & Fragrances by 50.3% in the 4th quarter. Kaizen Advisory LLC now owns 272 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 91 shares in the last quarter. IBM Retirement Fund boosted its stake in International Flavors & Fragrances by 6.8% in the 4th quarter. IBM Retirement Fund now owns 1,545 shares of the specialty chemicals company’s stock worth $207,000 after purchasing an additional 98 shares in the last quarter. Finally, First Manhattan Co. boosted its stake in International Flavors & Fragrances by 14.3% in the 4th quarter. First Manhattan Co. now owns 800 shares of the specialty chemicals company’s stock worth $107,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd purchased 29,642 shares of International Flavors & Fragrances stock in a transaction on Thursday, February 21st. The stock was bought at an average cost of $128.74 per share, with a total value of $3,816,111.08. Following the transaction, the insider now owns 20,300,000 shares of the company’s stock, valued at approximately $2,613,422,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 296,450 shares of company stock valued at $39,169,086 over the last three months. 0.39% of the stock is currently owned by insiders.

IFF opened at $130.49 on Thursday. International Flavors & Fragrances Inc has a 12-month low of $121.85 and a 12-month high of $150.57. The company has a quick ratio of 1.65, a current ratio of 2.61 and a debt-to-equity ratio of 0.75. The company has a market cap of $13.99 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 2.29 and a beta of 0.75.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Wednesday, February 13th. The specialty chemicals company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.07). International Flavors & Fragrances had a return on equity of 15.56% and a net margin of 8.48%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the business posted $1.40 earnings per share. The business’s quarterly revenue was up 42.6% compared to the same quarter last year. Analysts expect that International Flavors & Fragrances Inc will post 6.36 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Monday, March 25th were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Friday, March 22nd. International Flavors & Fragrances’s dividend payout ratio is presently 46.50%.

A number of research firms recently commented on IFF. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. KeyCorp lowered their target price on shares of International Flavors & Fragrances from $160.00 to $143.00 and set an “overweight” rating for the company in a research note on Monday, February 25th. Barclays reiterated a “sell” rating on shares of International Flavors & Fragrances in a research note on Monday, February 18th. Citigroup lowered their target price on shares of International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, February 21st. Finally, Seaport Global Securities began coverage on shares of International Flavors & Fragrances in a research note on Thursday, February 21st. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $144.33.

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International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

Read More: Return On Assets

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

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