Rampart Investment Management Company LLC Buys 116 Shares of International Flavors & Fragrances Inc (NYSE:IFF)

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Rampart Investment Management Company LLC raised its stake in International Flavors & Fragrances Inc (NYSE:IFF) by 2.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,371 shares of the specialty chemicals company’s stock after purchasing an additional 116 shares during the quarter. Rampart Investment Management Company LLC’s holdings in International Flavors & Fragrances were worth $779,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in IFF. Advisory Services Network LLC raised its holdings in shares of International Flavors & Fragrances by 119.0% during the second quarter. Advisory Services Network LLC now owns 230 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 125 shares in the last quarter. Icon Wealth Partners LLC bought a new position in shares of International Flavors & Fragrances during the first quarter valued at approximately $38,000. Penserra Capital Management LLC raised its holdings in shares of International Flavors & Fragrances by 28.6% during the first quarter. Penserra Capital Management LLC now owns 360 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 80 shares in the last quarter. Private Ocean LLC bought a new position in shares of International Flavors & Fragrances during the second quarter valued at approximately $76,000. Finally, CENTRAL TRUST Co bought a new position in shares of International Flavors & Fragrances during the second quarter valued at approximately $78,000. Hedge funds and other institutional investors own 93.88% of the company’s stock.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 929 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $110.62, for a total value of $102,765.98. Following the completion of the transaction, the insider now owns 35,393 shares in the company, valued at $3,915,173.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders sold 2,785 shares of company stock valued at $354,208. 0.39% of the stock is owned by corporate insiders.

A number of equities analysts recently commented on IFF shares. Societe Generale started coverage on International Flavors & Fragrances in a report on Monday, September 9th. They set a “buy” rating and a $140.00 target price for the company. BNP Paribas downgraded International Flavors & Fragrances from a “neutral” rating to an “underperform” rating in a report on Friday, June 21st. KeyCorp decreased their target price on International Flavors & Fragrances from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating and set a $151.00 target price for the company in a report on Monday, August 5th. Finally, Exane BNP Paribas downgraded International Flavors & Fragrances to an “underperform” rating in a report on Friday, June 21st. Four research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $142.73.

IFF traded down $0.22 during trading on Thursday, reaching $122.77. The stock had a trading volume of 373,634 shares, compared to its average volume of 1,138,599. The stock’s 50 day moving average is $119.56 and its two-hundred day moving average is $132.82. The company has a current ratio of 2.60, a quick ratio of 1.59 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 19.55 and a beta of 0.84. International Flavors & Fragrances Inc has a one year low of $104.86 and a one year high of $152.95.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Monday, August 5th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.61. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. International Flavors & Fragrances had a return on equity of 10.48% and a net margin of 7.51%. The firm’s quarterly revenue was up 41.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.76 earnings per share. On average, equities research analysts predict that International Flavors & Fragrances Inc will post 6.19 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 23rd will be issued a $0.75 dividend. This is an increase from International Flavors & Fragrances’s previous quarterly dividend of $0.73. The ex-dividend date is Friday, September 20th. This represents a $3.00 dividend on an annualized basis and a yield of 2.44%. International Flavors & Fragrances’s dividend payout ratio is 46.50%.

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 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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