We Are One Seven LLC Invests $327,000 in International Flavors & Fragrances Inc (IFF) Stock

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We Are One Seven LLC bought a new stake in International Flavors & Fragrances Inc (NYSE:IFF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,356 shares of the specialty chemicals company’s stock, valued at approximately $327,000.

Other hedge funds have also recently bought and sold shares of the company. Alpine Woods Capital Investors LLC lifted its holdings in International Flavors & Fragrances by 16.9% in 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. Reilly Herbert Faulkner III increased its position in International Flavors & Fragrances by 2.4% in the second quarter. Reilly Herbert Faulkner III now owns 34,620 shares of the specialty chemicals company’s stock worth $4,291,000 after buying an additional 800 shares in the last quarter. Winder Investment Pte Ltd increased its position in International Flavors & Fragrances by 32.4% in the second quarter. Winder Investment Pte Ltd now owns 14,000,000 shares of the specialty chemicals company’s stock worth $1,735,440,000 after buying an additional 3,425,403 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in International Flavors & Fragrances in the second quarter worth about $2,273,000. Finally, Schwab Charles Investment Management Inc. increased its position in International Flavors & Fragrances by 5.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 423,260 shares of the specialty chemicals company’s stock worth $52,468,000 after buying an additional 20,082 shares in the last quarter. 73.59% of the stock is currently owned by institutional investors.

Shares of IFF opened at $130.92 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.90 and a quick ratio of 1.90. International Flavors & Fragrances Inc has a 52 week low of $122.11 and a 52 week high of $157.40. The stock has a market capitalization of $12.76 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 2.45 and a beta of 1.01.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 7th. The specialty chemicals company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.05. International Flavors & Fragrances had a return on equity of 28.32% and a net margin of 8.35%. The firm had revenue of $920.02 million during the quarter, compared to analysts’ expectations of $899.62 million. During the same quarter last year, the business posted $1.50 earnings per share. As a group, research analysts anticipate that International Flavors & Fragrances Inc will post 6.31 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 5th. Investors of record on Monday, September 24th were given a dividend of $0.73 per share. The ex-dividend date was Friday, September 21st. This represents a $2.92 annualized dividend and a dividend yield of 2.23%. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.69. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 49.58%.

In related news, EVP Francisco Fortanet sold 1,389 shares of the stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $140.00, for a total transaction of $194,460.00. Following the completion of the sale, the executive vice president now owns 16,193 shares in the company, valued at $2,267,020. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Winder Investment Pte Ltd bought 76,600 shares of the business’s stock in a transaction that occurred on Wednesday, July 18th. The shares were acquired at an average price of $128.92 per share, with a total value of $9,875,272.00. Following the transaction, the insider now directly owns 14,300,000 shares of the company’s stock, valued at approximately $1,843,556,000. The disclosure for this purchase can be found here. Insiders have purchased 1,005,400 shares of company stock valued at $132,081,625 in the last quarter. 0.50% of the stock is currently owned by company insiders.

A number of brokerages have commented on IFF. Stifel Nicolaus restated a “hold” rating and issued a $139.00 price target (up previously from $135.00) on shares of International Flavors & Fragrances in a research report on Thursday, August 9th. Zacks Investment Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a research report on Friday, September 28th. Finally, ValuEngine upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $146.00.

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.

Further Reading: What is Considered a Good Return on Equity (ROE)?

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

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