Riverbridge Partners Lowers stake in International Flavors & Fragrances Inc (IFF)

International Flavors & Fragrances Inc (IFF) : Riverbridge Partners reduced its stake in International Flavors & Fragrances Inc by 0.88% during the most recent quarter end. The investment management company now holds a total of 356,621 shares of International Flavors & Fragrances Inc which is valued at $47,801,479 after selling 3,148 shares in International Flavors & Fragrances Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.International Flavors & Fragrances Inc makes up approximately 0.96% of Riverbridge Partners’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in IFF by selling 3,082 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 168,778 shares of IFF which is valued at $22,623,003. International Flavors & Fragrances Inc makes up approx 0.05% of California State Teachers Retirement System’s portfolio. Parametrica Management Ltd added IFF to its portfolio by purchasing 3,106 company shares during the most recent quarter which is valued at $416,297. International Flavors & Fragrances Inc makes up approx 0.59% of Parametrica Management Ltd’s portfolio.Ls Investment Advisors reduced its stake in IFF by selling 556 shares or 11.73% in the most recent quarter. The Hedge Fund company now holds 4,182 shares of IFF which is valued at $560,513. International Flavors & Fragrances Inc makes up approx 0.04% of Ls Investment Advisors’s portfolio.

International Flavors & Fragrances Inc opened for trading at $134.27 and hit $136.75 on the upside on Thursday, eventually ending the session at $135.76, with a gain of 1.28% or 1.72 points. The heightened volatility saw the trading volume jump to 4,84,679 shares. Company has a market cap of $10,822 M.

On the company’s financial health, International Flavors & Fragrances Inc reported $1.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 9, 2016. Analyst had a consensus of $1.40. The company had revenue of $783.30 million for the quarter, compared to analysts expectations of $772.11 million. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS.

Many Wall Street Analysts have commented on International Flavors & Fragrances Inc. International Flavors & Fragrances Inc was Initiated by Berenberg to “Buy” on Jul 20, 2016. Company shares were Reiterated by Deutsche Bank on May 11, 2016 to “Hold”, Firm has raised the Price Target to $ 124 from a previous price target of $115 .

International Flavors & Fragrances Inc. (IFF) creates manufactures and supplies flavors and fragrances for the food beverage personal care and household products industries either in the form of compounds or individual ingredients. The company operates in two segments: Flavors and Fragrances. 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. Fragrances segment offers fragrance compounds including fine and fragrance ingredients. The Company’s products are sold principally to manufacturers of perfumes and cosmetics hair and other personal care products soaps and detergents cleaning products dairy meat and other processed foods beverages snacks and savory foods sweet and baked goods and pharmaceutical and oral care products.

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