Naples Global Advisors Lowers stake in International Flavors & Fragrances Inc (IFF)

International Flavors & Fragrances Inc (IFF) : Naples Global Advisors reduced its stake in International Flavors & Fragrances Inc by 0.69% during the most recent quarter end. The investment management company now holds a total of 16,594 shares of International Flavors & Fragrances Inc which is valued at $1,991,114 after selling 115 shares in International Flavors & Fragrances Inc , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.International Flavors & Fragrances Inc makes up approximately 0.83% of Naples Global Advisors’s portfolio.

International Flavors & Fragrances Inc opened for trading at $119.23 and hit $121.49 on the upside on Monday, eventually ending the session at $121.24, with a gain of 1.04% or 1.25 points. The heightened volatility saw the trading volume jump to 3,73,812 shares. Company has a market cap of $9,683 M.

Other Hedge Funds, Including , Benjamin F. Edwards Company boosted its stake in IFF in the latest quarter, The investment management firm added 333 additional shares and now holds a total of 4,606 shares of International Flavors & Fragrances Inc which is valued at $552,674. International Flavors & Fragrances Inc makes up approx 0.11% of Benjamin F. Edwards Company’s portfolio.Dnb Asset Management As reduced its stake in IFF by selling 56,040 shares or 17.98% in the most recent quarter. The Hedge Fund company now holds 255,587 shares of IFF which is valued at $30,667,884. International Flavors & Fragrances Inc makes up approx 0.63% of Dnb Asset Management As’s portfolio.Fruth Investment Management reduced its stake in IFF by selling 150 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 32,175 shares of IFF which is valued at $3,777,023. International Flavors & Fragrances Inc makes up approx 1.91% of Fruth Investment Management’s portfolio.Mai Capital Management reduced its stake in IFF by selling 194 shares or 2.64% in the most recent quarter. The Hedge Fund company now holds 7,156 shares of IFF which is valued at $840,043. International Flavors & Fragrances Inc makes up approx 0.07% of Mai Capital Management’s portfolio.

On the company’s financial health, International Flavors & Fragrances Inc reported $1.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Feb 10, 2016. Analyst had a consensus of $1.15. The company had revenue of $715.60 million for the quarter, compared to analysts expectations of $746.94 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.07 EPS.

Many Wall Street Analysts have commented on International Flavors & Fragrances Inc. International Flavors & Fragrances Inc was Downgraded by Stifel to ” Hold” on Jan 25, 2016.

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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