Ossiam Acquires 25,257 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Ossiam increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 390.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 31,732 shares of the specialty chemicals company’s stock after purchasing an additional 25,257 shares during the quarter. Ossiam’s holdings in International Flavors & Fragrances were worth $4,780,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. People s United Financial Inc. lifted its holdings in International Flavors & Fragrances by 1.5% during the 2nd quarter. People s United Financial Inc. now owns 5,195 shares of the specialty chemicals company’s stock worth $776,000 after purchasing an additional 79 shares during the last quarter. Johnson Investment Counsel Inc. lifted its holdings in International Flavors & Fragrances by 2.1% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 3,847 shares of the specialty chemicals company’s stock worth $578,000 after purchasing an additional 79 shares during the last quarter. Auxano Advisors LLC lifted its holdings in International Flavors & Fragrances by 5.6% during the 2nd quarter. Auxano Advisors LLC now owns 1,642 shares of the specialty chemicals company’s stock worth $245,000 after purchasing an additional 87 shares during the last quarter. RMR Wealth Builders lifted its holdings in International Flavors & Fragrances by 8.0% during the 1st quarter. RMR Wealth Builders now owns 1,189 shares of the specialty chemicals company’s stock worth $166,000 after purchasing an additional 88 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in International Flavors & Fragrances by 3.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,997 shares of the specialty chemicals company’s stock worth $448,000 after purchasing an additional 96 shares during the last quarter. 90.85% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on IFF. Redburn Partners began coverage on International Flavors & Fragrances in a report on Tuesday, July 20th. They set a “buy” rating and a $140.11 price target for the company. Wells Fargo & Company dropped their price objective on International Flavors & Fragrances from $170.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, September 20th. Finally, Mizuho assumed coverage on International Flavors & Fragrances in a report on Tuesday. They issued a “neutral” rating and a $154.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $148.56.

Shares of IFF traded up $1.83 during midday trading on Thursday, hitting $146.18. The company’s stock had a trading volume of 2,065 shares, compared to its average volume of 2,725,567. International Flavors & Fragrances Inc. has a one year low of $99.54 and a one year high of $157.08. The company’s fifty day simple moving average is $145.40 and its two-hundred day simple moving average is $144.73. The company has a quick ratio of 1.19, a current ratio of 1.95 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $36.41 billion, a price-to-earnings ratio of 118.32, a price-to-earnings-growth ratio of 2.37 and a beta of 0.96.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Thursday, August 5th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.50. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $2.99 billion. International Flavors & Fragrances had a return on equity of 7.32% and a net margin of 1.71%. On average, research analysts predict that International Flavors & Fragrances Inc. will post 5.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 5th. Investors of record on Friday, September 24th were given a dividend of $0.79 per share. The ex-dividend date was Thursday, September 23rd. This represents a $3.16 dividend on an annualized basis and a yield of 2.16%. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.77. International Flavors & Fragrances’s payout ratio is currently 55.44%.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products. It operates through the following segments: Taste and Scent. The Taste segment is 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 International Flavors & Fragrances (NYSE:IFF)

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