International Flavors & Fragrances Inc (NYSE:IFF) Shares Bought by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in International Flavors & Fragrances Inc (NYSE:IFF) by 15.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 20,690 shares of the specialty chemicals company’s stock after acquiring an additional 2,824 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in International Flavors & Fragrances were worth $2,614,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. raised its holdings in International Flavors & Fragrances by 0.9% in the 2nd quarter. BlackRock Inc. now owns 7,111,596 shares of the specialty chemicals company’s stock valued at $1,031,824,000 after acquiring an additional 64,537 shares during the last quarter. State Street Corp raised its holdings in International Flavors & Fragrances by 3.7% in the 3rd quarter. State Street Corp now owns 4,501,856 shares of the specialty chemicals company’s stock valued at $555,581,000 after acquiring an additional 160,185 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its holdings in International Flavors & Fragrances by 66.4% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 890,000 shares of the specialty chemicals company’s stock valued at $109,194,000 after acquiring an additional 355,000 shares during the last quarter. Pictet Asset Management Ltd. grew its stake in shares of International Flavors & Fragrances by 18.0% during the 3rd quarter. Pictet Asset Management Ltd. now owns 427,459 shares of the specialty chemicals company’s stock valued at $52,445,000 after buying an additional 65,342 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of International Flavors & Fragrances by 19.0% during the 4th quarter. First Trust Advisors LP now owns 398,811 shares of the specialty chemicals company’s stock valued at $51,455,000 after buying an additional 63,772 shares during the period. Institutional investors own 93.65% of the company’s stock.

Shares of NYSE IFF opened at $135.87 on Friday. International Flavors & Fragrances Inc has a 52-week low of $104.86 and a 52-week high of $152.95. The firm has a fifty day moving average of $132.48 and a 200-day moving average of $126.78. The stock has a market capitalization of $14.60 billion, a PE ratio of 34.05 and a beta of 0.89. 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 announced its quarterly earnings data on Wednesday, February 12th. The specialty chemicals company reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.01. International Flavors & Fragrances had a net margin of 8.87% and a return on equity of 10.81%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the company earned $1.32 EPS. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities research analysts expect that International Flavors & Fragrances Inc will post 6.31 EPS for the current fiscal year.

In related news, insider Nicolas Mirzayantz sold 924 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $125.70, for a total transaction of $116,146.80. Following the completion of the sale, the insider now directly owns 31,688 shares of the company’s stock, valued at approximately $3,983,181.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Winder Investment Pte Ltd purchased 65,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of $127.55 per share, with a total value of $8,290,750.00. Over the last ninety days, insiders have purchased 548,234 shares of company stock valued at $73,120,570 and have sold 2,827 shares valued at $366,598. 0.39% of the stock is currently owned by corporate insiders.

Several brokerages have recently issued reports on IFF. Zacks Investment Research cut shares of International Flavors & Fragrances from a “hold” rating to a “sell” rating and set a $133.00 price objective for the company. in a research note on Tuesday, January 7th. Stifel Nicolaus lowered their price objective on shares of International Flavors & Fragrances from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, December 16th. Barclays reissued a “sell” rating on shares of International Flavors & Fragrances in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on shares of International Flavors & Fragrances from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Citigroup cut shares of International Flavors & Fragrances from a “buy” rating to a “neutral” rating in a research note on Monday, December 16th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $143.55.

International Flavors & Fragrances Company Profile

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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