International Flavors & Fragrances Inc (IFF) : Green Valley Investors reduced its stake in International Flavors & Fragrances Inc by 20.79% during the most recent quarter end. The investment management company now holds a total of 1,108,954 shares of International Flavors & Fragrances Inc which is valued at $140 Million after selling 291,046 shares in International Flavors & Fragrances Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.International Flavors & Fragrances Inc makes up approximately 3.41% of Green Valley Investors’s portfolio.
Other Hedge Funds, Including , Assetmark Inc sold out all of its stake in IFF during the most recent quarter. The investment firm sold 4 shares of IFF which is valued $505.Employees Retirement System Of Texas boosted its stake in IFF in the latest quarter, The investment management firm added 44,000 additional shares and now holds a total of 49,000 shares of International Flavors & Fragrances Inc which is valued at $6.2 Million. International Flavors & Fragrances Inc makes up approx 0.09% of Employees Retirement System Of Texas’s portfolio.Schroder Investment Management Group reduced its stake in IFF by selling 62,751 shares or 42.91% in the most recent quarter. The Hedge Fund company now holds 83,479 shares of IFF which is valued at $10.5 Million. International Flavors & Fragrances Inc makes up approx 0.02% of Schroder Investment Management Group’s portfolio. South Dakota Investment Council sold out all of its stake in IFF during the most recent quarter. The investment firm sold 3,400 shares of IFF which is valued $403,206.Bryn Mawr Trust Co reduced its stake in IFF by selling 550 shares or 18.8% in the most recent quarter. The Hedge Fund company now holds 2,375 shares of IFF which is valued at $281,651. International Flavors & Fragrances Inc makes up approx 0.02% of Bryn Mawr Trust Co’s portfolio.
International Flavors & Fragrances Inc opened for trading at $128.31 and hit $129.335 on the upside on Wednesday, eventually ending the session at $129, with a gain of 0.58% or 0.75 points. The heightened volatility saw the trading volume jump to 2,75,057 shares. Company has a market cap of $10,283 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.
Investors should note that on May 4, 2016, International Flavors & Fragrances Inc announced a cash dividend of $0.5600. The company’s management has announced Jun 23, 2016 as the ex-dividend date and fixed the record date on Jun 27, 2016. The payable date has been fixed on Jul 7, 2016.
Many Wall Street Analysts have commented on International Flavors & Fragrances Inc. 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.