International Flavors & Fragrances Inc (NYSE:IFF) Shares Bought by M&T Bank Corp

M&T Bank Corp raised its holdings in International Flavors & Fragrances Inc (NYSE:IFF) by 21.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,459 shares of the specialty chemicals company’s stock after buying an additional 9,776 shares during the period. M&T Bank Corp owned about 0.05% of International Flavors & Fragrances worth $6,791,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Winder Investment Pte Ltd raised its stake in International Flavors & Fragrances by 17.0% in the first quarter. Winder Investment Pte Ltd now owns 24,130,000 shares of the specialty chemicals company’s stock valued at $2,463,190,000 after buying an additional 3,504,867 shares in the last quarter. BlackRock Inc. raised its stake in International Flavors & Fragrances by 22.0% in the first quarter. BlackRock Inc. now owns 8,841,657 shares of the specialty chemicals company’s stock valued at $902,556,000 after buying an additional 1,595,504 shares in the last quarter. Alliancebernstein L.P. raised its stake in International Flavors & Fragrances by 4.4% in the first quarter. Alliancebernstein L.P. now owns 5,906,105 shares of the specialty chemicals company’s stock valued at $602,896,000 after buying an additional 248,332 shares in the last quarter. EdgePoint Investment Group Inc. acquired a new stake in International Flavors & Fragrances in the first quarter valued at $215,989,000. Finally, Geode Capital Management LLC raised its stake in International Flavors & Fragrances by 2.4% in the first quarter. Geode Capital Management LLC now owns 1,678,735 shares of the specialty chemicals company’s stock valued at $171,042,000 after buying an additional 39,906 shares in the last quarter. Institutional investors own 95.69% of the company’s stock.

IFF has been the topic of a number of analyst reports. BNP Paribas cut International Flavors & Fragrances from a “neutral” rating to an “underperform” rating and set a $111.00 price target on the stock. in a research note on Monday, June 22nd. UBS Group lifted their target price on International Flavors & Fragrances from $154.00 to $156.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Stephens began coverage on International Flavors & Fragrances in a research report on Thursday, July 9th. They set an “overweight” rating and a $150.00 target price on the stock. Cfra lifted their target price on International Flavors & Fragrances from $143.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Exane BNP Paribas cut International Flavors & Fragrances from a “neutral” rating to an “underperform” rating and set a $111.00 target price on the stock. in a research report on Monday, June 22nd. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $136.49.

NYSE IFF opened at $125.95 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.98 and a debt-to-equity ratio of 0.68. International Flavors & Fragrances Inc has a 52-week low of $92.14 and a 52-week high of $147.20. The business’s 50-day moving average price is $126.26 and its 200 day moving average price is $125.94. The firm has a market cap of $13.46 billion, a P/E ratio of 30.13 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Monday, May 11th. The specialty chemicals company reported $1.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.03. International Flavors & Fragrances had a return on equity of 11.03% and a net margin of 9.09%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company posted $1.57 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. As a group, analysts anticipate that International Flavors & Fragrances Inc will post 5.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Thursday, June 25th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Wednesday, June 24th. International Flavors & Fragrances’s dividend payout ratio is currently 48.62%.

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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