DekaBank Deutsche Girozentrale Reduces Position in International Flavors & Fragrances Inc (NYSE:IFF)

DekaBank Deutsche Girozentrale cut its stake in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 47.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,320 shares of the specialty chemicals company’s stock after selling 8,573 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in International Flavors & Fragrances were worth $1,180,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Voya Financial Advisors Inc. boosted its holdings in International Flavors & Fragrances by 9.9% in the third quarter. Voya Financial Advisors Inc. now owns 2,942 shares of the specialty chemicals company’s stock valued at $355,000 after purchasing an additional 266 shares during the last quarter. SG Americas Securities LLC boosted its holdings in International Flavors & Fragrances by 3.5% in the third quarter. SG Americas Securities LLC now owns 11,995 shares of the specialty chemicals company’s stock valued at $1,472,000 after purchasing an additional 401 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its holdings in International Flavors & Fragrances by 5.4% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 89,664 shares of the specialty chemicals company’s stock valued at $11,001,000 after purchasing an additional 4,558 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in International Flavors & Fragrances by 29.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 13,255 shares of the specialty chemicals company’s stock valued at $1,710,000 after purchasing an additional 3,043 shares during the last quarter. Finally, Comerica Bank boosted its holdings in International Flavors & Fragrances by 2.0% in the third quarter. Comerica Bank now owns 21,502 shares of the specialty chemicals company’s stock valued at $2,574,000 after purchasing an additional 414 shares during the last quarter. 93.65% of the stock is currently owned by institutional investors.

In related news, major shareholder Winder Investment Pte Ltd purchased 45,920 shares of International Flavors & Fragrances stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $139.93 per share, for a total transaction of $6,425,585.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nicolas Mirzayantz sold 924 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $125.70, for a total transaction of $116,146.80. Following the transaction, the insider now owns 31,688 shares of the company’s stock, valued at approximately $3,983,181.60. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 548,234 shares of company stock valued at $73,120,570 and have sold 2,827 shares valued at $366,598. 0.39% of the stock is owned by corporate insiders.

Shares of International Flavors & Fragrances stock opened at $135.87 on Friday. The firm has a 50-day simple moving average of $132.48 and a two-hundred day simple moving average of $126.78. The company has a market cap of $14.60 billion, a P/E ratio of 23.33 and a beta of 0.89. International Flavors & Fragrances Inc has a fifty-two week low of $104.86 and a fifty-two week high of $152.95. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.25 and a current ratio of 2.05.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Wednesday, February 12th. The specialty chemicals company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.01. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. International Flavors & Fragrances had a net margin of 8.87% and a return on equity of 10.81%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.32 earnings per share. Equities research analysts forecast that International Flavors & Fragrances Inc will post 6.31 EPS for the current year.

Several research firms have commented on IFF. Wells Fargo & Co upped their price target on shares of International Flavors & Fragrances from $135.00 to $141.00 and gave the company an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. upped their price target on shares of International Flavors & Fragrances from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Deutsche Bank upped their price target on shares of International Flavors & Fragrances from $145.00 to $151.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Citigroup lowered shares of International Flavors & Fragrances from a “buy” rating to a “neutral” rating in a report on Monday, December 16th. Finally, Zacks Investment Research downgraded shares of International Flavors & Fragrances from a “hold” rating to a “sell” rating and set a $133.00 price objective for the company. in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $143.55.

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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