Elkfork Partners LLC Has $747,000 Stock Position in International Flavors & Fragrances Inc (NYSE:IFF)

Elkfork Partners LLC lessened its stake in International Flavors & Fragrances Inc (NYSE:IFF) by 1.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,148 shares of the specialty chemicals company’s stock after selling 88 shares during the quarter. Elkfork Partners LLC’s holdings in International Flavors & Fragrances were worth $747,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in IFF. Northern Trust Corp lifted its stake in International Flavors & Fragrances by 6.5% during the second quarter. Northern Trust Corp now owns 1,215,571 shares of the specialty chemicals company’s stock worth $176,368,000 after purchasing an additional 73,725 shares during the last quarter. Tiverton Asset Management LLC lifted its stake in International Flavors & Fragrances by 25.5% during the second quarter. Tiverton Asset Management LLC now owns 6,551 shares of the specialty chemicals company’s stock worth $951,000 after purchasing an additional 1,331 shares during the last quarter. Pacer Advisors Inc. lifted its stake in International Flavors & Fragrances by 6.5% during the second quarter. Pacer Advisors Inc. now owns 9,504 shares of the specialty chemicals company’s stock worth $1,379,000 after purchasing an additional 579 shares during the last quarter. Renaissance Technologies LLC lifted its stake in International Flavors & Fragrances by 61.5% during the second quarter. Renaissance Technologies LLC now owns 63,300 shares of the specialty chemicals company’s stock worth $9,184,000 after purchasing an additional 24,100 shares during the last quarter. Finally, Veritable L.P. increased its position in International Flavors & Fragrances by 15.4% during the second quarter. Veritable L.P. now owns 1,884 shares of the specialty chemicals company’s stock worth $273,000 after buying an additional 251 shares during the period. Institutional investors and hedge funds own 93.88% of the company’s stock.

Shares of IFF stock opened at $120.81 on Friday. The business’s fifty day moving average price is $116.41 and its 200 day moving average price is $132.56. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.60 and a quick ratio of 1.59. The firm has a market capitalization of $13.04 billion, a PE ratio of 21.69 and a beta of 0.84. International Flavors & Fragrances Inc has a 1-year low of $104.86 and a 1-year high of $152.95.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Monday, August 5th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.61. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. International Flavors & Fragrances had a return on equity of 10.48% and a net margin of 7.51%. The business’s revenue was up 41.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.76 earnings per share. Equities research analysts expect that International Flavors & Fragrances Inc will post 6.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 23rd will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, September 20th. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a yield of 2.48%. International Flavors & Fragrances’s dividend payout ratio is currently 47.77%.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 929 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $110.62, for a total transaction of $102,765.98. Following the completion of the sale, the insider now directly owns 35,393 shares in the company, valued at $3,915,173.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 2,785 shares of company stock valued at $354,208 over the last 90 days. 0.39% of the stock is currently owned by insiders.

IFF has been the topic of several research analyst reports. KeyCorp cut 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. Stifel Nicolaus set a $120.00 target price on International Flavors & Fragrances and gave the company a “hold” rating in a report on Wednesday, August 7th. ValuEngine lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Berenberg Bank lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating and dropped their target price for the company from $155.00 to $133.00 in a report on Thursday, August 8th. Finally, Zacks Investment Research raised International Flavors & Fragrances from a “sell” rating to a “hold” rating and set a $151.00 target price on the stock in a report on Monday, August 5th. Four equities research analysts have rated the stock with a sell rating, six 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 price target of $142.73.

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 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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