Baldwin Brothers Inc. MA Sells 569 Shares of International Flavors & Fragrances Inc (NYSE:IFF)

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Baldwin Brothers Inc. MA decreased its position in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 19.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,336 shares of the specialty chemicals company’s stock after selling 569 shares during the period. Baldwin Brothers Inc. MA’s holdings in International Flavors & Fragrances were worth $339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IFF. Nomura Asset Management Co. Ltd. increased its holdings in shares of International Flavors & Fragrances by 0.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 14,688 shares of the specialty chemicals company’s stock worth $1,892,000 after buying an additional 78 shares during the period. Penserra Capital Management LLC increased its holdings in shares of International Flavors & Fragrances by 28.6% in the first quarter. Penserra Capital Management LLC now owns 360 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 80 shares during the period. NN Investment Partners Holdings N.V. increased its holdings in shares of International Flavors & Fragrances by 0.4% in the second quarter. NN Investment Partners Holdings N.V. now owns 21,231 shares of the specialty chemicals company’s stock worth $3,080,000 after buying an additional 86 shares during the period. ETF Managers Group LLC increased its holdings in shares of International Flavors & Fragrances by 9.1% in the first quarter. ETF Managers Group LLC now owns 1,057 shares of the specialty chemicals company’s stock worth $136,000 after buying an additional 88 shares during the period. Finally, NEXT Financial Group Inc increased its holdings in shares of International Flavors & Fragrances by 21.4% in the second quarter. NEXT Financial Group Inc now owns 653 shares of the specialty chemicals company’s stock worth $95,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 88.90% of the company’s stock.

In related news, insider Nicolas Mirzayantz sold 2,636 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $147.00, for a total value of $387,492.00. Following the completion of the transaction, the insider now directly owns 39,703 shares in the company, valued at approximately $5,836,341. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 7,036 shares of company stock valued at $1,021,388. 0.39% of the stock is owned by company insiders.

IFF has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $127.00 to $125.00 in a report on Wednesday, August 7th. Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating and set a $151.00 price objective on the stock in a report on Monday, August 5th. Exane BNP Paribas downgraded International Flavors & Fragrances to an “underperform” rating in a report on Friday, June 21st. BNP Paribas downgraded International Flavors & Fragrances from a “neutral” rating to an “underperform” rating in a report on Friday, June 21st. Finally, Stifel Nicolaus set a $120.00 target price on International Flavors & Fragrances and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $143.00.

Shares of IFF opened at $110.61 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.60 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average price is $139.12 and its 200-day moving average price is $136.35. International Flavors & Fragrances Inc has a 52 week low of $109.63 and a 52 week high of $152.95. The stock has a market cap of $12.82 billion, a P/E ratio of 17.61 and a beta of 0.75.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Monday, August 5th. The specialty chemicals company reported $1.61 EPS for the quarter, hitting analysts’ consensus estimates of $1.61. International Flavors & Fragrances had a return on equity of 10.48% and a net margin of 7.51%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the firm posted $1.76 EPS. The business’s revenue for the quarter was up 41.3% compared to the same quarter last year. On average, equities analysts anticipate that International Flavors & Fragrances Inc will post 6.2 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 23rd will be issued a $0.75 dividend. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s payout ratio is presently 46.50%.

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.

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

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