Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Raises Stake in Internationa Flavors & Fragrances, Inc. (IFF)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 13.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,996 shares of the specialty chemicals company’s stock after acquiring an additional 1,572 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Internationa Flavors & Fragrances were worth $1,857,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of IFF. FMR LLC increased its position in shares of Internationa Flavors & Fragrances by 11.4% during the first quarter. FMR LLC now owns 34,976 shares of the specialty chemicals company’s stock worth $4,636,000 after acquiring an additional 3,592 shares in the last quarter. Teachers Advisors LLC grew its position in Internationa Flavors & Fragrances by 5.0% in the first quarter. Teachers Advisors LLC now owns 95,701 shares of the specialty chemicals company’s stock valued at $12,683,000 after purchasing an additional 4,535 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Internationa Flavors & Fragrances by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 241,998 shares of the specialty chemicals company’s stock valued at $32,071,000 after purchasing an additional 1,870 shares in the last quarter. Bank of Montreal Can grew its position in Internationa Flavors & Fragrances by 17.8% in the second quarter. Bank of Montreal Can now owns 29,731 shares of the specialty chemicals company’s stock valued at $4,014,000 after purchasing an additional 4,488 shares in the last quarter. Finally, Pennsylvania Trust Co bought a new position in Internationa Flavors & Fragrances in the second quarter valued at $248,000. 84.25% of the stock is owned by institutional investors.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE IFF) opened at $146.77 on Monday. Internationa Flavors & Fragrances, Inc. has a 12 month low of $113.16 and a 12 month high of $153.97. The company has a quick ratio of 1.77, a current ratio of 2.66 and a debt-to-equity ratio of 0.92. The firm has a market cap of $11,591.48, a PE ratio of 25.70, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Monday, November 6th. The specialty chemicals company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.05. Internationa Flavors & Fragrances had a net margin of 12.57% and a return on equity of 27.13%. The business had revenue of $872.90 million during the quarter, compared to analysts’ expectations of $847.63 million. During the same quarter in the previous year, the company earned $1.34 EPS. The business’s revenue was up 12.3% on a year-over-year basis. equities analysts expect that Internationa Flavors & Fragrances, Inc. will post 5.79 earnings per share for the current fiscal year.

Internationa Flavors & Fragrances declared that its Board of Directors has approved a stock repurchase plan on Wednesday, November 1st that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the specialty chemicals company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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In other news, EVP Anne Chwat sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $137.22, for a total value of $411,660.00. Following the completion of the transaction, the executive vice president now directly owns 42,157 shares in the company, valued at approximately $5,784,783.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Winder Investment Pte Ltd bought 700 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was purchased at an average price of $139.32 per share, with a total value of $97,524.00. Following the completion of the transaction, the insider now directly owns 10,420,193 shares in the company, valued at approximately $1,451,741,288.76. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 123,708 shares of company stock valued at $16,853,579 and sold 5,465 shares valued at $757,718. 0.48% of the stock is owned by insiders.

A number of research analysts recently weighed in on IFF shares. KeyCorp reaffirmed a “buy” rating and issued a $148.00 target price on shares of Internationa Flavors & Fragrances in a research report on Wednesday, October 4th. Zacks Investment Research downgraded shares of Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $136.00 target price on shares of Internationa Flavors & Fragrances in a research report on Friday, July 21st. UBS AG reaffirmed a “buy” rating and issued a $166.00 target price (up previously from $151.00) on shares of Internationa Flavors & Fragrances in a research report on Tuesday, November 7th. Finally, Barclays PLC reaffirmed a “sell” rating and issued a $123.00 target price on shares of Internationa Flavors & Fragrances in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $141.68.

Internationa Flavors & Fragrances Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold 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 Internationa Flavors & Fragrances (NYSE:IFF)

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