LS Investment Advisors LLC Increases Stake in International Flavors & Fragrances Inc (IFF)

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LS Investment Advisors LLC grew its holdings in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 11.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,344 shares of the specialty chemicals company’s stock after buying an additional 444 shares during the period. LS Investment Advisors LLC’s holdings in International Flavors & Fragrances were worth $583,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Swiss National Bank raised its position in shares of International Flavors & Fragrances by 8.0% in the 3rd quarter. Swiss National Bank now owns 322,464 shares of the specialty chemicals company’s stock worth $44,861,000 after purchasing an additional 24,000 shares during the last quarter. Aperio Group LLC raised its position in shares of International Flavors & Fragrances by 16.4% in the 3rd quarter. Aperio Group LLC now owns 46,184 shares of the specialty chemicals company’s stock worth $6,425,000 after purchasing an additional 6,515 shares during the last quarter. FMR LLC raised its position in shares of International Flavors & Fragrances by 17,389.6% in the 3rd quarter. FMR LLC now owns 2,290,964 shares of the specialty chemicals company’s stock worth $318,718,000 after purchasing an additional 2,277,865 shares during the last quarter. Prudential Financial Inc. raised its position in shares of International Flavors & Fragrances by 3.2% in the 3rd quarter. Prudential Financial Inc. now owns 90,692 shares of the specialty chemicals company’s stock worth $12,617,000 after purchasing an additional 2,807 shares during the last quarter. Finally, Oakbrook Investments LLC purchased a new position in shares of International Flavors & Fragrances in the 4th quarter worth about $1,382,000. Hedge funds and other institutional investors own 78.65% of the company’s stock.

A number of brokerages have weighed in on IFF. Zacks Investment Research raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, January 21st. ValuEngine lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Raymond James lowered shares of International Flavors & Fragrances from a “market perform” rating to an “underperform” rating and set a $135.00 price target for the company. in a research report on Friday, November 16th. Citigroup initiated coverage on shares of International Flavors & Fragrances in a research report on Friday, November 16th. They set a “neutral” rating and a $152.00 price target for the company. Finally, Deutsche Bank raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their price target for the company from $126.00 to $154.00 in a research report on Tuesday, October 16th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $145.00.

NYSE IFF opened at $141.77 on Monday. International Flavors & Fragrances Inc has a 52 week low of $122.11 and a 52 week high of $150.57. The stock has a market cap of $15.12 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 2.80 and a beta of 0.83. The company has a quick ratio of 8.21, a current ratio of 9.16 and a debt-to-equity ratio of 1.07.

In related news, major shareholder Winder Investment Pte Ltd acquired 42,598 shares of the business’s stock in a transaction that occurred on Monday, December 10th. The stock was bought at an average cost of $135.91 per share, for a total transaction of $5,789,494.18. Following the purchase, the insider now owns 18,488,413 shares in the company, valued at approximately $2,512,760,210.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Francisco Fortanet sold 439 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $142.30, for a total value of $62,469.70. Following the transaction, the executive vice president now owns 15,754 shares of the company’s stock, valued at $2,241,794.20. The disclosure for this sale can be found here. Insiders have bought a total of 1,064,120 shares of company stock valued at $140,361,465 in the last ninety days. Insiders own 0.50% of the company’s stock.

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International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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