International Flavors & Fragrances Inc (IFF) Shares Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can grew its position in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,949 shares of the specialty chemicals company’s stock after purchasing an additional 4,852 shares during the period. Great West Life Assurance Co. Can owned approximately 0.05% of International Flavors & Fragrances worth $7,266,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Boston Family Office LLC lifted its holdings in shares of International Flavors & Fragrances by 0.4% in the 4th quarter. Boston Family Office LLC now owns 19,593 shares of the specialty chemicals company’s stock valued at $2,631,000 after acquiring an additional 69 shares during the last quarter. CIBC Asset Management Inc lifted its stake in International Flavors & Fragrances by 13.3% in the fourth quarter. CIBC Asset Management Inc now owns 9,179 shares of the specialty chemicals company’s stock worth $1,232,000 after purchasing an additional 1,078 shares during the last quarter. Winder Investment Pte Ltd lifted its stake in International Flavors & Fragrances by 9.3% in the fourth quarter. Winder Investment Pte Ltd now owns 19,536,858 shares of the specialty chemicals company’s stock worth $2,623,214,000 after purchasing an additional 1,664,698 shares during the last quarter. Northern Trust Corp lifted its stake in International Flavors & Fragrances by 19.3% in the fourth quarter. Northern Trust Corp now owns 1,154,852 shares of the specialty chemicals company’s stock worth $155,062,000 after purchasing an additional 186,699 shares during the last quarter. Finally, Connable Office Inc. lifted its stake in International Flavors & Fragrances by 12.5% in the fourth quarter. Connable Office Inc. now owns 18,834 shares of the specialty chemicals company’s stock worth $2,529,000 after purchasing an additional 2,097 shares during the last quarter. Hedge funds and other institutional investors own 82.63% of the company’s stock.

Shares of IFF stock opened at $124.96 on Friday. The company has a market cap of $13.32 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 2.20 and a beta of 0.75. 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 52-week low of $122.11 and a 52-week high of $150.57.



International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Wednesday, February 13th. The specialty chemicals company reported $1.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by ($0.07). The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. International Flavors & Fragrances had a net margin of 8.48% and a return on equity of 15.56%. The business’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.40 earnings per share. Sell-side analysts anticipate that International Flavors & Fragrances Inc will post 6.38 earnings per share for the current fiscal 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 issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 2.34%. The ex-dividend date is Friday, March 22nd. International Flavors & Fragrances’s payout ratio is 46.50%.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd acquired 79,300 shares of the business’s stock in a transaction that occurred on Wednesday, December 19th. The shares were bought at an average cost of $132.17 per share, with a total value of $10,481,081.00. Following the completion of the acquisition, the insider now directly owns 18,913,558 shares in the company, valued at approximately $2,499,804,960.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have purchased 1,102,910 shares of company stock worth $144,811,615. 0.50% of the stock is currently owned by corporate insiders.

Several analysts have issued reports on IFF shares. ValuEngine raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Thursday, December 6th. 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. Seaport Global Securities started coverage on shares of International Flavors & Fragrances in a research note on Thursday, February 21st. They issued a “neutral” rating for the company. Citigroup decreased their price objective on shares of International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, February 21st. Finally, KeyCorp decreased their price target on shares of International Flavors & Fragrances from $160.00 to $143.00 and set an “overweight” rating for the company in a research note on Monday, February 25th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $142.11.

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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.

Read More: Benefits of owning preferred stock

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

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