American International Group Inc. Has $4.63 Million Holdings in International Flavors & Fragrances Inc (IFF)

American International Group Inc. raised its stake in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 5.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,243 shares of the specialty chemicals company’s stock after buying an additional 1,728 shares during the quarter. American International Group Inc.’s holdings in International Flavors & Fragrances were worth $4,625,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in IFF. BlackRock Inc. grew its holdings in International Flavors & Fragrances by 5.9% during the 2nd quarter. BlackRock Inc. now owns 5,646,920 shares of the specialty chemicals company’s stock valued at $699,992,000 after buying an additional 315,418 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp purchased a new position in shares of International Flavors & Fragrances during the 2nd quarter worth $33,886,000. Rovida Advisors Inc. purchased a new position in shares of International Flavors & Fragrances during the 2nd quarter worth $29,124,000. Arrowgrass Capital Partners US LP purchased a new position in shares of International Flavors & Fragrances during the 2nd quarter worth $28,538,000. Finally, Engadine Partners LLP lifted its stake in shares of International Flavors & Fragrances by 118.4% during the 3rd quarter. Engadine Partners LLP now owns 402,959 shares of the specialty chemicals company’s stock worth $56,060,000 after purchasing an additional 218,422 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Shares of International Flavors & Fragrances stock opened at $137.00 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 8.21 and a current ratio of 9.16. The firm has a market cap of $14.74 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 2.45 and a beta of 0.85. International Flavors & Fragrances Inc has a fifty-two week low of $122.11 and a fifty-two week high of $157.40.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Monday, November 5th. The specialty chemicals company reported $1.54 earnings per share for the quarter, hitting the consensus estimate of $1.54. The business had revenue of $907.50 million for the quarter, compared to analyst estimates of $886.15 million. International Flavors & Fragrances had a return on equity of 21.76% and a net margin of 7.86%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $1.47 EPS. Analysts expect that International Flavors & Fragrances Inc will post 6.27 earnings per share for the current fiscal year.

A number of research analysts have weighed in on the company. ValuEngine raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, August 13th. Raymond James lowered International Flavors & Fragrances from a “market perform” rating to an “underperform” rating and set a $135.00 price target on the stock. in a research note on Friday, November 16th. Citigroup assumed coverage on International Flavors & Fragrances in a research note on Friday, November 16th. They set a “neutral” rating and a $152.00 price target on the stock. Finally, Deutsche Bank raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and increased their price target for the stock from $126.00 to $154.00 in a research note on Tuesday, October 16th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $145.00.

In related news, EVP Francisco Fortanet sold 439 shares of the stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $142.30, for a total value of $62,469.70. Following the transaction, the executive vice president now directly owns 15,754 shares of the company’s stock, valued at approximately $2,241,794.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Winder Investment Pte Ltd bought 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 16th. The stock was purchased at an average cost of $136.75 per share, for a total transaction of $13,675,000.00. Following the completion of the transaction, the insider now directly owns 17,913,631 shares in the company, valued at approximately $2,449,689,039.25. The disclosure for this purchase can be found here. Insiders purchased a total of 357,000 shares of company stock worth $49,370,717 over the last ninety days. Corporate insiders own 0.48% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This story was first posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://www.americanbankingnews.com/2018/12/08/american-international-group-inc-has-4-63-million-holdings-in-international-flavors-fragrances-inc-iff.html.

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.

Featured Story: What is a Roth IRA?

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.

Leave a Reply