Voloridge Investment Management LLC Raises Holdings in International Flavors & Fragrances Inc (NYSE:IFF)

Voloridge Investment Management LLC lifted its stake in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 119.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 86,402 shares of the specialty chemicals company’s stock after purchasing an additional 47,106 shares during the quarter. Voloridge Investment Management LLC’s holdings in International Flavors & Fragrances were worth $12,536,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Stonebridge Capital Advisors LLC bought a new position in shares of International Flavors & Fragrances in the 2nd quarter worth approximately $33,000. Doyle Wealth Management bought a new position in International Flavors & Fragrances during the 2nd quarter valued at approximately $174,000. Advisors Capital Management LLC increased its holdings in shares of International Flavors & Fragrances by 5.6% in the 2nd quarter. Advisors Capital Management LLC now owns 4,983 shares of the specialty chemicals company’s stock worth $723,000 after purchasing an additional 266 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of International Flavors & Fragrances in the 2nd quarter worth $202,581,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of International Flavors & Fragrances by 0.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 188,429 shares of the specialty chemicals company’s stock worth $27,339,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 93.88% of the company’s stock.

A number of analysts have commented on IFF shares. ValuEngine lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. KeyCorp reduced their target price on International Flavors & Fragrances from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Exane BNP Paribas lowered International Flavors & Fragrances to an “underperform” rating in a report on Friday, June 21st. Societe Generale started coverage on International Flavors & Fragrances in a report on Monday, September 9th. They issued a “buy” rating and a $140.00 target price for the company. Finally, Berenberg Bank lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating and reduced their target price for the stock from $155.00 to $133.00 in a report on Thursday, August 8th. 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 stock. International Flavors & Fragrances currently has a consensus rating of “Hold” and a consensus price target of $142.73.



In other news, insider Nicolas Mirzayantz sold 928 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $126.26, for a total value of $117,169.28. Following the transaction, the insider now directly owns 34,465 shares in the company, valued at approximately $4,351,550.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 2,785 shares of company stock worth $354,208. Company insiders own 0.39% of the company’s stock.

Shares of IFF stock traded down $2.09 on Tuesday, reaching $120.69. The stock had a trading volume of 1,112,307 shares, compared to its average volume of 1,023,728. The stock has a market cap of $13.08 billion, a P/E ratio of 19.22 and a beta of 0.85. International Flavors & Fragrances Inc has a 1 year low of $104.86 and a 1 year 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. The company has a 50 day simple moving average of $117.27 and a 200 day simple moving average of $132.66.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Monday, August 5th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.61. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. International Flavors & Fragrances had a return on equity of 10.48% and a net margin of 7.51%. The company’s revenue for the quarter was up 41.3% on a year-over-year basis. During the same period last year, the business posted $1.76 EPS. On average, equities research analysts anticipate that International Flavors & Fragrances Inc will post 6.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 23rd will be paid a $0.75 dividend. This is an increase from International Flavors & Fragrances’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is 47.77%.

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.

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

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