Janus Henderson Group PLC Has $11.28 Million Holdings in International Flavors & Fragrances Inc (IFF)

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Janus Henderson Group PLC lowered its position in International Flavors & Fragrances Inc (NYSE:IFF) by 61.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,028 shares of the specialty chemicals company’s stock after selling 146,106 shares during the quarter. Janus Henderson Group PLC owned about 0.12% of International Flavors & Fragrances worth $11,283,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Rampart Investment Management Company LLC increased its stake in shares of International Flavors & Fragrances by 732.8% in the first quarter. Rampart Investment Management Company LLC now owns 8,070 shares of the specialty chemicals company’s stock valued at $1,105,000 after purchasing an additional 7,101 shares during the period. Alpine Woods Capital Investors LLC increased its stake in shares of International Flavors & Fragrances by 16.9% during the second quarter. Alpine Woods Capital Investors LLC now owns 24,850 shares of the specialty chemicals company’s stock valued at $3,080,000 after acquiring an additional 3,600 shares during the period. Winder Investment Pte Ltd increased its stake in shares of International Flavors & Fragrances by 32.4% during the second quarter. Winder Investment Pte Ltd now owns 14,000,000 shares of the specialty chemicals company’s stock valued at $1,735,440,000 after acquiring an additional 3,425,403 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of International Flavors & Fragrances by 5.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 423,260 shares of the specialty chemicals company’s stock valued at $52,468,000 after acquiring an additional 20,082 shares during the period. Finally, Comerica Bank increased its stake in shares of International Flavors & Fragrances by 62.3% during the second quarter. Comerica Bank now owns 32,833 shares of the specialty chemicals company’s stock valued at $4,235,000 after acquiring an additional 12,600 shares during the period. Institutional investors own 85.37% of the company’s stock.

IFF has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. ValuEngine upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Stifel Nicolaus lowered their price objective on shares of International Flavors & Fragrances from $146.00 to $135.00 and set a “hold” rating on the stock in a research note on Monday, June 11th. Finally, Argus lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $146.67.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd bought 60,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, July 12th. The stock was purchased at an average cost of $128.08 per share, for a total transaction of $7,684,800.00. Following the completion of the acquisition, the insider now owns 14,100,000 shares of the company’s stock, valued at approximately $1,805,928,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 1,065,400 shares of company stock valued at $139,766,425 over the last 90 days. 0.48% of the stock is currently owned by insiders.

NYSE IFF opened at $136.50 on Friday. International Flavors & Fragrances Inc has a 12 month low of $122.11 and a 12 month high of $157.40. The company has a current ratio of 2.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.98. The company has a market cap of $10.37 billion, a P/E ratio of 23.17, a P/E/G ratio of 2.32 and a beta of 1.03.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, August 7th. The specialty chemicals company reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.05. The firm had revenue of $920.02 million during the quarter, compared to analysts’ expectations of $899.62 million. International Flavors & Fragrances had a net margin of 8.35% and a return on equity of 28.32%. During the same period last year, the firm posted $1.50 earnings per share. sell-side analysts predict that International Flavors & Fragrances Inc will post 6.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 5th. Investors of record on Monday, September 24th will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 2.14%. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, September 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 46.86%.

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 two segments, Flavors and Fragrances. The Flavors 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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