Pensionfund Sabic Exits Position in International Flavors & Fragrances Inc (IFF)

International Flavors & Fragrances Inc (IFF) : Pensionfund Sabic has sold out all of its stake in International Flavors & Fragrances Inc during the most recent quarter, according to a report filed by the company on Apr 4, 2016 with the SEC. The investment management company has sold out 16,000 shares of International Flavors & Fragrances Inc which is valued at $1.9 Million.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands sold out all of its stake in IFF during the most recent quarter. The investment firm sold 34,000 shares of IFF which is valued $4 Million.

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 closed down -0.31 points or -0.26% at $117.39 with 2,94,744 shares getting traded on Monday. Post opening the session at $118.2, the shares hit an intraday low of $117.18 and an intraday high of $118.47 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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