BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $3.88 Million Holdings in International Flavors & Fragrances Inc (IFF)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,890 shares of the specialty chemicals company’s stock after buying an additional 2,932 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in International Flavors & Fragrances were worth $3,879,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Duality Advisers LP acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth $1,966,000. JOYN Advisors Inc. grew its stake in shares of International Flavors & Fragrances by 65.5% during the 4th quarter. JOYN Advisors Inc. now owns 187 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 74 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of International Flavors & Fragrances by 1.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 14,610 shares of the specialty chemicals company’s stock worth $1,962,000 after purchasing an additional 157 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of International Flavors & Fragrances by 9.3% during the 4th quarter. Great West Life Assurance Co. Can now owns 56,949 shares of the specialty chemicals company’s stock worth $7,266,000 after purchasing an additional 4,852 shares during the period. Finally, Boston Family Office LLC grew its stake in shares of International Flavors & Fragrances by 0.4% during the 4th quarter. Boston Family Office LLC now owns 19,593 shares of the specialty chemicals company’s stock worth $2,631,000 after purchasing an additional 69 shares during the period. Institutional investors own 82.63% of the company’s stock.

A number of research firms have recently weighed in on IFF. Raymond James cut shares of 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 began coverage on shares of 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. ValuEngine cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Zacks Investment Research raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, January 21st. Finally, Barclays reissued a “sell” rating on shares of International Flavors & Fragrances in a research note on Monday, February 18th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. International Flavors & Fragrances presently has an average rating of “Hold” and an average target price of $142.11.



Shares of NYSE IFF opened at $124.96 on Friday. The stock has a market capitalization of $13.38 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 2.20 and a beta of 0.75. International Flavors & Fragrances Inc has a 52 week low of $122.11 and a 52 week high of $150.57. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.65 and a current ratio of 2.61.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Wednesday, February 13th. The specialty chemicals company reported $1.22 EPS for the quarter, missing the Zacks’ consensus estimate of $1.29 by ($0.07). The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. International Flavors & Fragrances had a net margin of 8.48% and a return on equity of 15.56%. International Flavors & Fragrances’s revenue was up 42.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 earnings per share. As a group, equities research analysts expect that International Flavors & Fragrances Inc will post 6.38 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Monday, March 25th will be paid a $0.73 dividend. The ex-dividend date is Friday, March 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 2.34%. International Flavors & Fragrances’s payout ratio is 46.50%.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd acquired 4,300 shares of the stock in a transaction that occurred on Thursday, January 10th. The shares were purchased at an average cost of $134.87 per share, with a total value of $579,941.00. Following the purchase, the insider now owns 19,730,818 shares in the company, valued at $2,661,095,423.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders purchased 1,102,910 shares of company stock worth $144,811,615. 0.50% of the stock is owned by corporate insiders.

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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.

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

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