Winder Investment Pte Ltd raised its holdings in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 3.9% during the 1st quarter, Holdings Channel reports. The firm owned 20,300,000 shares of the specialty chemicals company’s stock after acquiring an additional 763,142 shares during the quarter. International Flavors & Fragrances accounts for approximately 94.7% of Winder Investment Pte Ltd’s investment portfolio, making the stock its biggest position. Winder Investment Pte Ltd owned about 0.19% of International Flavors & Fragrances worth $2,614,437,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IFF. JOYN Advisors Inc. boosted its stake in shares of 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 buying an additional 74 shares during the last quarter. Lenox Wealth Management Inc. purchased a new position in shares of International Flavors & Fragrances in the 1st quarter worth $26,000. Fort L.P. boosted its stake in shares of International Flavors & Fragrances by 365.3% in the 4th quarter. Fort L.P. now owns 228 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 179 shares during the last quarter. Kaizen Advisory LLC boosted its stake in shares of 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 buying an additional 91 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of International Flavors & Fragrances in the 4th quarter worth $37,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. KeyCorp raised their price target on International Flavors & Fragrances from $143.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, June 7th. Barclays restated a “sell” rating on shares of International Flavors & Fragrances in a research note on Monday, February 18th. Citigroup dropped their price target on International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, February 21st. Finally, ValuEngine upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. International Flavors & Fragrances currently has a consensus rating of “Hold” and a consensus price target of $150.25.

Shares of IFF stock traded down $1.12 on Friday, reaching $148.79. The stock had a trading volume of 955,233 shares, compared to its average volume of 885,013. The company has a market cap of $15.87 billion, a P/E ratio of 23.69 and a beta of 0.74. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.56 and a quick ratio of 1.58. International Flavors & Fragrances Inc has a 1 year low of $121.85 and a 1 year high of $152.95.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Monday, May 6th. The specialty chemicals company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.05. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. International Flavors & Fragrances had a return on equity of 12.74% and a net margin of 7.29%. International Flavors & Fragrances’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.79 earnings per share. As a group, analysts expect that International Flavors & Fragrances Inc will post 6.31 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 24th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.92 annualized dividend and a yield of 1.96%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 46.50%.

In related news, insider Nicolas Mirzayantz sold 2,636 shares of International Flavors & Fragrances stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $147.00, for a total transaction of $387,492.00. Following the transaction, the insider now directly owns 39,703 shares in the company, valued at $5,836,341. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 8,608 shares of company stock worth $1,217,219 over the last quarter. 0.39% of the stock is owned by company insiders.

WARNING: This story was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The original version of this story can be accessed at https://www.dailypolitical.com/2019/06/16/winder-investment-pte-ltd-acquires-763142-shares-of-international-flavors-fragrances-inc-nyseiff.html.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste 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.

Recommended Story: Quiet Period Expirations

Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Flavors & Fragrances Inc (NYSE:IFF).

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

Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.