Clal Insurance Enterprises Holdings Ltd Has $33.70 Million Stake in International Flavors & Fragrances Inc (IFF)

Clal Insurance Enterprises Holdings Ltd lifted its position in International Flavors & Fragrances Inc (NYSE:IFF) by 116.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 251,000 shares of the specialty chemicals company’s stock after buying an additional 135,000 shares during the period. Clal Insurance Enterprises Holdings Ltd owned about 0.24% of International Flavors & Fragrances worth $33,703,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of IFF. HL Financial Services LLC bought a new position in shares of International Flavors & Fragrances in the third quarter worth approximately $255,000. Janney Montgomery Scott LLC bought a new position in International Flavors & Fragrances during the third quarter valued at approximately $523,000. Commonwealth Equity Services LLC lifted its position in International Flavors & Fragrances by 122.3% during the third quarter. Commonwealth Equity Services LLC now owns 7,604 shares of the specialty chemicals company’s stock valued at $1,057,000 after purchasing an additional 4,184 shares during the period. ING Groep NV bought a new position in International Flavors & Fragrances during the third quarter valued at approximately $365,000. Finally, SG Americas Securities LLC lifted its position in International Flavors & Fragrances by 237.7% during the third quarter. SG Americas Securities LLC now owns 24,306 shares of the specialty chemicals company’s stock valued at $3,381,000 after purchasing an additional 17,109 shares during the period. Hedge funds and other institutional investors own 82.63% of the company’s stock.

IFF opened at $124.96 on Friday. 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 Inc has a 1-year low of $122.11 and a 1-year high of $150.57. The company has a market capitalization of $13.38 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 2.20 and a beta of 0.75.



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

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

A number of research analysts recently weighed in on IFF shares. Citigroup started coverage on shares of International Flavors & Fragrances in a research report on Friday, November 16th. They set a “neutral” rating and a $152.00 price objective on the stock. Raymond James downgraded shares of 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 report on Friday, November 16th. ValuEngine downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Zacks Investment Research downgraded shares of International Flavors & Fragrances from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 8th. Finally, Barclays restated a “sell” rating on shares of International Flavors & Fragrances in a research report on Monday, February 18th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $142.11.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd purchased 29,642 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were acquired at an average cost of $128.74 per share, for a total transaction of $3,816,111.08. Following the completion of the transaction, the insider now owns 20,300,000 shares of the company’s stock, valued at $2,613,422,000. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders acquired 1,102,910 shares of company stock worth $144,811,615 over the last quarter. Insiders own 0.50% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Dakota Financial News and is the property of of Dakota Financial News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://dakotafinancialnews.com/2019/03/15/clal-insurance-enterprises-holdings-ltd-has-33-70-million-stake-in-international-flavors-fragrances-inc-iff.html.

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.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Flavors & Fragrances Inc (NYSE:IFF).

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

Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.