Haverford Financial Services Inc. Takes Position in International Flavors & Fragrances Inc (NYSE:IFF)

Haverford Financial Services Inc. bought a new stake in International Flavors & Fragrances Inc (NYSE:IFF) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 31,899 shares of the specialty chemicals company’s stock, valued at approximately $3,914,000.

Several other institutional investors have also recently bought and sold shares of the company. NN Investment Partners Holdings N.V. grew its position in shares of International Flavors & Fragrances by 0.4% in the second quarter. NN Investment Partners Holdings N.V. now owns 21,231 shares of the specialty chemicals company’s stock valued at $3,080,000 after purchasing an additional 86 shares during the last quarter. TrinityPoint Wealth LLC grew its position in shares of International Flavors & Fragrances by 5.0% in the second quarter. TrinityPoint Wealth LLC now owns 1,843 shares of the specialty chemicals company’s stock valued at $269,000 after purchasing an additional 87 shares during the last quarter. LS Investment Advisors LLC grew its position in International Flavors & Fragrances by 2.1% during the third quarter. LS Investment Advisors LLC now owns 4,541 shares of the specialty chemicals company’s stock worth $557,000 after buying an additional 94 shares in the last quarter. Advisor Partners LLC grew its position in International Flavors & Fragrances by 5.7% during the second quarter. Advisor Partners LLC now owns 1,863 shares of the specialty chemicals company’s stock worth $270,000 after buying an additional 101 shares in the last quarter. Finally, NEXT Financial Group Inc grew its position in International Flavors & Fragrances by 21.4% during the second quarter. NEXT Financial Group Inc now owns 653 shares of the specialty chemicals company’s stock worth $95,000 after buying an additional 115 shares in the last quarter. 93.69% of the stock is currently owned by institutional investors.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 929 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $118.96, for a total transaction of $110,513.84. Following the completion of the sale, the insider now directly owns 33,536 shares in the company, valued at $3,989,442.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 2,786 shares of company stock valued at $330,449 over the last 90 days. Corporate insiders own 0.39% of the company’s stock.

A number of brokerages recently issued reports on IFF. Citigroup increased their price target on International Flavors & Fragrances from $126.00 to $137.00 and gave the stock a “neutral” rating in a research report on Wednesday. Barclays reissued a “sell” rating on shares of International Flavors & Fragrances in a research report on Thursday. KeyCorp reduced their price target on International Flavors & Fragrances from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Societe Generale began coverage on International Flavors & Fragrances in a research report on Monday, September 9th. They set a “buy” rating and a $140.00 price target on the stock. Finally, Wells Fargo & Co increased their price target on International Flavors & Fragrances from $125.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday. Four analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $141.36.

NYSE IFF traded down $0.61 on Friday, hitting $132.81. 664,294 shares of the company’s stock were exchanged, compared to its average volume of 948,071. The stock has a 50-day moving average of $120.57 and a 200-day moving average of $130.82. The company has a current ratio of 2.05, a quick ratio of 1.59 and a debt-to-equity ratio of 0.66. International Flavors & Fragrances Inc has a 52 week low of $104.86 and a 52 week high of $152.95. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of 21.15 and a beta of 0.83.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Monday, November 4th. The specialty chemicals company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.01). International Flavors & Fragrances had a return on equity of 10.39% and a net margin of 7.59%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company earned $1.64 earnings per share. The firm’s revenue for the quarter was up 39.7% on a year-over-year basis. As a group, analysts predict that International Flavors & Fragrances Inc will post 6.18 earnings per share for the current year.

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 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.

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

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