Legal & General Group Plc raised its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 340,593 shares of the company’s stock after buying an additional 5,497 shares during the period. Legal & General Group Plc owned 0.43% of International Flavors & Fragrances worth $38,750,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund increased its stake in International Flavors & Fragrances by 0.8% in the fourth quarter. New York State Common Retirement Fund now owns 187,100 shares of the company’s stock worth $22,385,000 after buying an additional 1,500 shares during the period. Geode Capital Management LLC boosted its position in shares of International Flavors & Fragrances by 4.7% in the first quarter. Geode Capital Management LLC now owns 677,662 shares of the company’s stock worth $76,948,000 after buying an additional 30,138 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of International Flavors & Fragrances by 0.9% in the fourth quarter. Brown Advisory Inc. now owns 15,747 shares of the company’s stock worth $1,884,000 after buying an additional 145 shares in the last quarter. Sei Investments Co. boosted its position in shares of International Flavors & Fragrances by 28.0% in the fourth quarter. Sei Investments Co. now owns 8,506 shares of the company’s stock worth $1,018,000 after buying an additional 1,859 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of International Flavors & Fragrances by 30,263.7% in the first quarter. Wellington Management Group LLP now owns 1,321,126 shares of the company’s stock worth $150,305,000 after buying an additional 1,316,775 shares in the last quarter.
International Flavors & Fragrances Inc. (NYSE:IFF) traded up 0.05% during mid-day trading on Thursday, reaching $133.26. The company’s stock had a trading volume of 243,756 shares. The firm has a 50-day moving average of $128.68 and a 200 day moving average of $119.65. The firm has a market capitalization of $10.62 billion and a price-to-earnings ratio of 26.35. International Flavors & Fragrances Inc. has a 1-year low of $97.24 and a 1-year high of $135.55.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Monday, June 27th were issued a $0.56 dividend. The ex-dividend date was Thursday, June 23rd. This represents a $2.24 annualized dividend and a dividend yield of 1.68%.
A number of brokerages have recently weighed in on IFF. Deutsche Bank AG restated a “hold” rating and issued a $130.00 price target (up previously from $124.00) on shares of International Flavors & Fragrances in a research report on Sunday. Zacks Investment Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a research report on Friday, July 22nd. Berenberg Bank began coverage on International Flavors & Fragrances in a research report on Wednesday, July 20th. They set a “buy” rating and a $163.40 price objective for the company. Finally, BNP Paribas lifted their price objective on International Flavors & Fragrances to $150.00 in a research report on Friday, April 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $134.43.
In other news, insider Nicolas Mirzayantz sold 2,194 shares of the company’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $126.17, for a total value of $276,816.98. Following the completion of the sale, the insider now owns 62,821 shares in the company, valued at $7,926,125.57. The sale was disclosed in a legal filing with the SEC, which is available at this link.
International Flavors & Fragrances Inc (IFF) creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Company operates in two segments: Flavors and Fragrances.
