Pacer Advisors Inc. Purchases 579 Shares of International Flavors & Fragrances Inc (NYSE:IFF)

Pacer Advisors Inc. lifted its position in International Flavors & Fragrances Inc (NYSE:IFF) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,504 shares of the specialty chemicals company’s stock after buying an additional 579 shares during the quarter. Pacer Advisors Inc.’s holdings in International Flavors & Fragrances were worth $1,379,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IFF. Nomura Asset Management Co. Ltd. raised its holdings in International Flavors & Fragrances by 0.5% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 14,688 shares of the specialty chemicals company’s stock worth $1,892,000 after acquiring an additional 78 shares during the last quarter. Penserra Capital Management LLC grew 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 valued at $46,000 after acquiring an additional 80 shares during the period. NN Investment Partners Holdings N.V. grew its position in shares of International Flavors & Fragrances by 0.4% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 21,231 shares of the specialty chemicals company’s stock valued at $3,080,000 after acquiring an additional 86 shares during the period. TrinityPoint Wealth LLC grew its position in shares of International Flavors & Fragrances by 5.0% during the 2nd quarter. TrinityPoint Wealth LLC now owns 1,843 shares of the specialty chemicals company’s stock valued at $269,000 after acquiring an additional 87 shares during the period. Finally, ETF Managers Group LLC boosted its holdings in International Flavors & Fragrances by 9.1% in the 1st quarter. ETF Managers Group LLC now owns 1,057 shares of the specialty chemicals company’s stock worth $136,000 after buying an additional 88 shares during the period. 93.86% of the stock is owned by institutional investors and hedge funds.

Shares of International Flavors & Fragrances stock traded up $0.09 on Friday, reaching $127.19. The company had a trading volume of 8,950 shares, compared to its average volume of 1,198,869. The firm’s 50 day moving average price is $122.08 and its two-hundred day moving average price is $132.90. The firm has a market cap of $13.23 billion, a PE ratio of 20.25 and a beta of 0.84. International Flavors & Fragrances Inc has a 52-week low of $104.86 and a 52-week high of $152.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.59 and a current ratio of 2.60.



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

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 23rd will be issued a $0.75 dividend. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.73. The ex-dividend date is Friday, September 20th. This represents a $3.00 annualized dividend and a dividend yield of 2.36%. International Flavors & Fragrances’s dividend payout ratio is presently 46.50%.

Several brokerages recently weighed in on IFF. BNP Paribas downgraded shares of International Flavors & Fragrances from a “neutral” rating to an “underperform” rating in a report on Friday, June 21st. Exane BNP Paribas downgraded shares of International Flavors & Fragrances to an “underperform” rating in a report on Friday, June 21st. Berenberg Bank cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and decreased their target price for the company from $155.00 to $133.00 in a research report on Thursday, August 8th. JPMorgan Chase & Co. raised shares of International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $127.00 to $125.00 in a research report on Wednesday, August 7th. Finally, Zacks Investment Research raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating and set a $151.00 price objective 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 six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $142.73.

In related news, insider Nicolas Mirzayantz sold 928 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $144.69, for a total transaction of $134,272.32. Following the completion of the sale, the insider now owns 36,322 shares in the company, valued at approximately $5,255,430.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 2,829 shares of company stock valued at $381,662. 0.39% of the stock is owned by company insiders.

About International Flavors & Fragrances

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.

Further Reading: Are sell-side analysts objective?

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

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