International Flavors & Fragrances Inc (IFF) Position Raised by Front Barnett Associates LLC

Front Barnett Associates LLC boosted its stake in International Flavors & Fragrances Inc (NYSE:IFF) by 0.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 121,760 shares of the specialty chemicals company’s stock after purchasing an additional 1,059 shares during the quarter. International Flavors & Fragrances comprises 2.6% of Front Barnett Associates LLC’s portfolio, making the stock its 11th largest position. Front Barnett Associates LLC owned about 0.11% of International Flavors & Fragrances worth $16,939,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in IFF. Piedmont Investment Advisors LLC acquired a new position in International Flavors & Fragrances during the second quarter valued at approximately $113,000. Psagot Investment House Ltd. acquired a new position in International Flavors & Fragrances during the second quarter valued at approximately $148,000. IFP Advisors Inc lifted its position in International Flavors & Fragrances by 40.0% during the third quarter. IFP Advisors Inc now owns 1,399 shares of the specialty chemicals company’s stock valued at $195,000 after buying an additional 400 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in International Flavors & Fragrances during the second quarter valued at approximately $200,000. Finally, Global Trust Asset Management LLC acquired a new position in International Flavors & Fragrances during the second quarter valued at approximately $203,000. Hedge funds and other institutional investors own 63.60% of the company’s stock.

Shares of NYSE:IFF opened at $145.85 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 9.16 and a quick ratio of 1.90. The firm has a market capitalization of $15.47 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.63 and a beta of 0.88. International Flavors & Fragrances Inc has a 12-month low of $122.11 and a 12-month high of $157.40.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Monday, November 5th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.54. The business had revenue of $907.50 million during the quarter, compared to analyst estimates of $886.15 million. International Flavors & Fragrances had a net margin of 7.86% and a return on equity of 21.76%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.47 earnings per share. Equities research analysts predict that International Flavors & Fragrances Inc will post 6.22 earnings per share for the current year.

A number of research analysts have recently commented on IFF shares. Stifel Nicolaus reissued a “hold” rating and set a $139.00 target price (up from $135.00) on shares of International Flavors & Fragrances in a research report on Thursday, August 9th. Zacks Investment Research cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. ValuEngine raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. Finally, Deutsche Bank raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and boosted their target price for the stock from $126.00 to $154.00 in a research report on Tuesday, October 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $147.25.

In related news, major shareholder Winder Investment Pte Ltd purchased 64,500 shares of the company’s stock in a transaction that occurred on Friday, October 19th. The stock was acquired at an average price of $139.05 per share, for a total transaction of $8,968,725.00. Following the completion of the purchase, the insider now owns 18,080,291 shares in the company, valued at $2,514,064,463.55. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Francisco Fortanet sold 1,389 shares of International Flavors & Fragrances stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $140.00, for a total transaction of $194,460.00. Following the completion of the sale, the executive vice president now owns 16,193 shares of the company’s stock, valued at approximately $2,267,020. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 357,000 shares of company stock valued at $49,370,717. Insiders own 0.48% of the company’s stock.

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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 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.

Further Reading: Market Capitalization in the Stock Market

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

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