Riverhead Capital Management LLC Has $295,000 Position in International Flavors & Fragrances Inc (NYSE:IFF)

Riverhead Capital Management LLC reduced its holdings in International Flavors & Fragrances Inc (NYSE:IFF) by 9.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,034 shares of the specialty chemicals company’s stock after selling 200 shares during the period. Riverhead Capital Management LLC’s holdings in International Flavors & Fragrances were worth $295,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IFF. Winder Investment Pte Ltd increased its stake in International Flavors & Fragrances by 3.9% in the 1st quarter. Winder Investment Pte Ltd now owns 20,300,000 shares of the specialty chemicals company’s stock valued at $2,614,437,000 after buying an additional 763,142 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of International Flavors & Fragrances by 43.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,685,399 shares of the specialty chemicals company’s stock worth $244,534,000 after purchasing an additional 512,851 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of International Flavors & Fragrances by 1,731.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 399,509 shares of the specialty chemicals company’s stock worth $51,452,000 after purchasing an additional 377,695 shares during the last quarter. Menora Mivtachim Holdings LTD. increased its stake in shares of International Flavors & Fragrances by 212.3% during the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 535,000 shares of the specialty chemicals company’s stock worth $77,623,000 after purchasing an additional 363,704 shares during the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt acquired a new position in shares of International Flavors & Fragrances during the 2nd quarter worth about $43,533,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Shares of IFF stock traded up $0.03 during midday trading on Friday, hitting $127.13. 9,453 shares of the company were exchanged, compared to its average volume of 1,198,869. The firm has a market capitalization of $13.23 billion, a P/E ratio of 20.24 and a beta of 0.84. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.59 and a current ratio of 2.60. The firm’s 50 day moving average price is $122.08 and its two-hundred day moving average price is $132.90. International Flavors & Fragrances Inc has a 52 week low of $104.86 and a 52 week high of $152.95.



International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, August 5th. The specialty chemicals company reported $1.61 EPS for the quarter, hitting the consensus estimate of $1.61. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. International Flavors & Fragrances had a net margin of 7.51% and a return on equity of 10.48%. International Flavors & Fragrances’s revenue was up 41.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.76 EPS. Analysts expect that International Flavors & Fragrances Inc will post 6.2 EPS for the current year.

The firm also recently disclosed 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. The ex-dividend date is Friday, September 20th. This represents a $3.00 dividend on an annualized basis and a yield of 2.36%. This is an increase from International Flavors & Fragrances’s previous quarterly dividend of $0.73. International Flavors & Fragrances’s payout ratio is currently 46.50%.

Several research analysts have recently weighed in on IFF shares. Berenberg Bank lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $155.00 to $133.00 in a research note on Thursday, August 8th. JPMorgan Chase & Co. upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $127.00 to $125.00 in a research note on Wednesday, August 7th. Exane BNP Paribas lowered shares of International Flavors & Fragrances to an “underperform” rating in a research note on Friday, June 21st. Societe Generale started coverage on shares of International Flavors & Fragrances in a research note on Monday. They set a “buy” rating and a $140.00 price objective on the stock. Finally, ValuEngine lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. International Flavors & Fragrances currently has a consensus rating of “Hold” and a consensus price target of $142.73.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 972 shares of the business’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 completion of the sale, the insider now owns 37,250 shares of the company’s stock, valued at approximately $5,542,427.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 2,829 shares of company stock valued at $381,662 in the last three months. Insiders own 0.39% of the company’s stock.

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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