Charter Trust Co. Sells 5,560 Shares of International Flavors & Fragrances Inc (IFF)

Charter Trust Co. lowered its position in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 41.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,899 shares of the specialty chemicals company’s stock after selling 5,560 shares during the quarter. Charter Trust Co.’s holdings in International Flavors & Fragrances were worth $1,098,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Advisory Research Inc. boosted its position in International Flavors & Fragrances by 1.5% during the 3rd quarter. Advisory Research Inc. now owns 23,941 shares of the specialty chemicals company’s stock worth $3,331,000 after acquiring an additional 357 shares during the last quarter. Keybank National Association OH boosted its position in International Flavors & Fragrances by 9.6% during the 3rd quarter. Keybank National Association OH now owns 4,452 shares of the specialty chemicals company’s stock worth $619,000 after acquiring an additional 390 shares during the last quarter. IFP Advisors Inc boosted its position in International Flavors & Fragrances by 40.0% during the 3rd quarter. IFP Advisors Inc now owns 1,399 shares of the specialty chemicals company’s stock worth $195,000 after acquiring an additional 400 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in International Flavors & Fragrances by 2.8% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 14,837 shares of the specialty chemicals company’s stock worth $2,064,000 after acquiring an additional 410 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in International Flavors & Fragrances by 3.9% during the 2nd quarter. GHP Investment Advisors Inc. now owns 11,203 shares of the specialty chemicals company’s stock worth $1,389,000 after acquiring an additional 422 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Francisco Fortanet sold 439 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $142.30, for a total transaction of $62,469.70. Following the sale, the executive vice president now owns 15,754 shares in the company, valued at approximately $2,241,794.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 purchase, the insider now owns 18,080,291 shares in the company, valued at approximately $2,514,064,463.55. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 357,000 shares of company stock worth $49,370,717. Company insiders own 0.48% of the company’s stock.

Shares of International Flavors & Fragrances stock opened at $137.00 on Friday. International Flavors & Fragrances Inc has a 12-month low of $122.11 and a 12-month high of $157.40. The company has a market cap of $14.79 billion, a PE ratio of 22.06, a P/E/G ratio of 2.46 and a beta of 0.85. The company has a current ratio of 9.16, a quick ratio of 8.21 and a debt-to-equity ratio of 1.07.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data 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. International Flavors & Fragrances had a return on equity of 21.76% and a net margin of 7.86%. The company had revenue of $907.50 million for the quarter, compared to analysts’ expectations of $886.15 million. During the same quarter in the prior year, the business posted $1.47 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts expect that International Flavors & Fragrances Inc will post 6.27 earnings per share for the current fiscal year.

IFF has been the subject of a number of recent research reports. Citigroup initiated coverage on International Flavors & Fragrances in a research report on Friday, November 16th. They set a “neutral” rating and a $152.00 price target for the company. ValuEngine upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Thursday, September 13th. Zacks Investment Research cut International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Deutsche Bank upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their price objective for the stock from $126.00 to $154.00 in a research note on Tuesday, October 16th. Finally, Raymond James cut International Flavors & Fragrances from a “market perform” rating to an “underperform” rating and set a $135.00 price objective on the stock. in a research note on Friday, November 16th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. International Flavors & Fragrances presently has a consensus rating of “Hold” and an average price target of $145.00.

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About International Flavors & Fragrances

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.

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

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