Centre Asset Management buys $9,066,168 stake in International Flavors & Fragrances Inc (IFF)

International Flavors & Fragrances Inc (IFF) : Centre Asset Management scooped up 60 additional shares in International Flavors & Fragrances Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 65,840 shares of International Flavors & Fragrances Inc which is valued at $9,066,168.International Flavors & Fragrances Inc makes up approximately 1.65% of Centre Asset Management’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in IFF by selling 3,061 shares or 40.62% in the most recent quarter. The Hedge Fund company now holds 4,474 shares of IFF which is valued at $619,873.Chevy Chase Trust Holdings reduced its stake in IFF by selling 1,680 shares or 2.47% in the most recent quarter. The Hedge Fund company now holds 66,415 shares of IFF which is valued at $9,201,798. International Flavors & Fragrances Inc makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.

International Flavors & Fragrances Inc closed down -2.22 points or -1.61% at $135.48 with 2,28,316 shares getting traded on Tuesday. Post opening the session at $137.53, the shares hit an intraday low of $135.04 and an intraday high of $137.53 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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 Aug 8, 2016. Analyst had a consensus of $1.40. The company had revenue of $793.48 million for the quarter, compared to analysts expectations of $786.18 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.

Many Wall Street Analysts have commented on International Flavors & Fragrances Inc. Bernstein Initiated International Flavors & Fragrances Inc on Sep 19, 2016 to “Outperform”, Price Target of the shares are set at $160.International Flavors & Fragrances Inc was Downgraded by Gabelli & Co to ” Hold” on Aug 10, 2016. International Flavors & Fragrances Inc was Initiated by Berenberg to “Buy” on Jul 20, 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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