Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Grows Position in International Flavors & Fragrances Inc (NYSE:IFF)

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Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in International Flavors & Fragrances Inc (NYSE:IFF) by 2,422.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 227 shares of the specialty chemicals company’s stock after buying an additional 218 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in International Flavors & Fragrances were worth $28,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in IFF. Dundas Partners LLP lifted its position in shares of International Flavors & Fragrances by 1.3% during the 2nd quarter. Dundas Partners LLP now owns 77,775 shares of the specialty chemicals company’s stock valued at $11,283,000 after buying an additional 1,025 shares in the last quarter. Hikari Power Ltd purchased a new position in shares of International Flavors & Fragrances during the 2nd quarter valued at approximately $474,000. Daiwa Securities Group Inc. lifted its position in shares of International Flavors & Fragrances by 24.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,096 shares of the specialty chemicals company’s stock valued at $594,000 after buying an additional 809 shares in the last quarter. Alpine Woods Capital Investors LLC lifted its position in shares of International Flavors & Fragrances by 4.3% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 25,284 shares of the specialty chemicals company’s stock valued at $3,668,000 after buying an additional 1,044 shares in the last quarter. Finally, Bowen Hanes & Co. Inc. lifted its position in shares of International Flavors & Fragrances by 0.8% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 279,311 shares of the specialty chemicals company’s stock valued at $40,525,000 after buying an additional 2,340 shares in the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

Shares of IFF traded up $2.20 during midday trading on Wednesday, reaching $132.76. The company had a trading volume of 17,475 shares, compared to its average volume of 1,014,049. International Flavors & Fragrances Inc has a 1-year low of $104.86 and a 1-year high of $152.95. The stock has a market cap of $14.18 billion, a PE ratio of 21.18 and a beta of 0.83. The firm has a 50 day simple moving average of $121.44 and a 200-day simple moving average of $130.74. The company has a quick ratio of 1.25, a current ratio of 2.05 and a debt-to-equity ratio of 0.66.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Monday, November 4th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.01). The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.29 billion. International Flavors & Fragrances had a return on equity of 10.39% and a net margin of 7.59%. The firm’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.64 earnings per share. As a group, sell-side analysts anticipate that International Flavors & Fragrances Inc will post 6.18 earnings per share for the current fiscal year.

A number of brokerages have weighed in on IFF. Citigroup raised their price objective on International Flavors & Fragrances from $126.00 to $137.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price objective on International Flavors & Fragrances from $125.00 to $140.00 in a report on Wednesday, November 6th. Societe Generale began coverage on International Flavors & Fragrances in a report on Monday, September 9th. They issued a “buy” rating and a $140.00 price objective on the stock. KeyCorp decreased their price objective on International Flavors & Fragrances from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Stifel Nicolaus set a $120.00 price objective on International Flavors & Fragrances and gave the company a “hold” rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $141.36.

In related news, insider Nicolas Mirzayantz sold 928 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $126.26, for a total transaction of $117,169.28. Following the completion of the sale, the insider now directly owns 34,465 shares of the company’s stock, valued at approximately $4,351,550.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 2,786 shares of company stock valued at $330,449 over the last three months. Corporate insiders own 0.39% of the company’s stock.

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.

Further Reading: Stock Symbols and CUSIP Explained

Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Flavors & Fragrances Inc (NYSE:IFF).

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

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