International Flavors & Fragrances Inc (NYSE:IFF) Shares Bought by Menora Mivtachim Holdings LTD.

Menora Mivtachim Holdings LTD. raised its position in International Flavors & Fragrances Inc (NYSE:IFF) by 212.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 535,000 shares of the specialty chemicals company’s stock after buying an additional 363,704 shares during the quarter. International Flavors & Fragrances comprises about 2.1% of Menora Mivtachim Holdings LTD.’s holdings, making the stock its 23rd largest position. Menora Mivtachim Holdings LTD. owned approximately 0.50% of International Flavors & Fragrances worth $77,623,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lenox Wealth Management Inc. acquired a new position in International Flavors & Fragrances in the 1st quarter valued at $26,000. Icon Wealth Partners LLC purchased a new stake in shares of International Flavors & Fragrances during the 1st quarter worth $38,000. Field & Main Bank purchased a new stake in shares of International Flavors & Fragrances during the 1st quarter worth $39,000. Penserra Capital Management LLC boosted its position in shares of International Flavors & Fragrances by 28.6% during the 1st quarter. Penserra Capital Management LLC now owns 360 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 80 shares in the last quarter. Finally, Private Ocean LLC purchased a new stake in shares of International Flavors & Fragrances during the 2nd quarter worth $76,000. 88.90% of the stock is currently owned by institutional investors.

IFF has been the topic of several research analyst reports. ValuEngine lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. BNP Paribas lowered shares of International Flavors & Fragrances from a “neutral” rating to an “underperform” rating in a research report on Friday, June 21st. Stifel Nicolaus set a $120.00 target price on shares of International Flavors & Fragrances and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Berenberg Bank lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and decreased their target price for the stock from $155.00 to $133.00 in a research report on Thursday, August 8th. Finally, Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating and set a $151.00 target price on the stock in a research report on Monday, August 5th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $143.00.



Shares of International Flavors & Fragrances stock traded down $1.37 on Tuesday, hitting $118.71. The company’s stock had a trading volume of 70,989 shares, compared to its average volume of 1,280,068. International Flavors & Fragrances Inc has a 52-week low of $116.87 and a 52-week high of $152.95. The company has a quick ratio of 1.59, a current ratio of 2.60 and a debt-to-equity ratio of 0.71. The business has a fifty day moving average of $141.06. The stock has a market cap of $13.08 billion, a P/E ratio of 18.90 and a beta of 0.75.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Monday, August 5th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.61. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. International Flavors & Fragrances had a net margin of 7.51% and a return on equity of 10.48%. The firm’s quarterly revenue was up 41.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.76 EPS. As a group, analysts expect that International Flavors & Fragrances Inc will post 6.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 23rd will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.53%. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is 46.50%.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 972 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $148.79, for a total value of $144,623.88. Following the transaction, the insider now directly owns 37,250 shares in the company, valued at approximately $5,542,427.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 10,508 shares of company stock worth $1,496,115. 0.39% of the stock is owned by insiders.

International Flavors & Fragrances 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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