Campbell Newman Asset Management Inc. Holds Position in International Flavors & Fragrances Inc (IFF)

Campbell Newman Asset Management Inc. continued to hold its stake in shares of International Flavors & Fragrances Inc (NYSE:IFF) during the first quarter, according to its most recent filing with the SEC. The fund owned 250,000 shares of the company’s stock at the end of the first quarter. International Flavors & Fragrances accounts for 6.1% of Campbell Newman Asset Management Inc.’s investment portfolio, making the stock its largest position. Campbell Newman Asset Management Inc. owned approximately 0.32% of International Flavors & Fragrances worth $33,133,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in IFF. Municipal Employees Retirement System of Michigan raised its stake in shares of International Flavors & Fragrances by 0.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,520 shares of the company’s stock valued at $360,000 after buying an additional 10 shares in the last quarter. Mastrapasqua Asset Management Inc. raised its stake in shares of International Flavors & Fragrances by 0.3% in the third quarter. Mastrapasqua Asset Management Inc. now owns 8,170 shares of the company’s stock valued at $1,168,000 after buying an additional 25 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of International Flavors & Fragrances by 5.1% in the fourth quarter. Van ECK Associates Corp now owns 1,089 shares of the company’s stock valued at $128,000 after buying an additional 53 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in shares of International Flavors & Fragrances by 1.2% in the third quarter. GHP Investment Advisors Inc. now owns 6,756 shares of the company’s stock valued at $966,000 after buying an additional 80 shares in the last quarter. Finally, Bell State Bank & Trust raised its stake in shares of International Flavors & Fragrances by 4.4% in the third quarter. Bell State Bank & Trust now owns 1,880 shares of the company’s stock valued at $269,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 77.76% of the company’s stock.

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

International Flavors & Fragrances Inc (NYSE:IFF) traded down 0.10% during midday trading on Thursday, reaching $132.43. The company had a trading volume of 142,300 shares. International Flavors & Fragrances Inc has a 52-week low of $113.16 and a 52-week high of $143.64. The company’s 50-day moving average is $129.46 and its 200 day moving average is $125.26. The company has a market cap of $10.47 billion, a PE ratio of 26.22 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Wednesday, February 15th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. International Flavors & Fragrances had a return on equity of 25.92% and a net margin of 12.92%. The company earned $762.60 million during the quarter, compared to the consensus estimate of $753.62 million. During the same period in the prior year, the company earned $1.05 earnings per share. On average, equities research analysts forecast that International Flavors & Fragrances Inc will post $5.82 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 7th. Investors of record on Monday, March 27th were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, March 23rd. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.93%. International Flavors & Fragrances’s payout ratio is presently 51.82%.

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Several equities research analysts have recently issued reports on the company. Barclays PLC set a $112.00 price target on International Flavors & Fragrances and gave the company a “sell” rating in a report on Saturday, February 18th. Consumer Edge lowered International Flavors & Fragrances from an “outperform” rating to a “neutral” rating in a report on Thursday, February 16th. Evercore ISI assumed coverage on International Flavors & Fragrances in a report on Monday, February 13th. They set a “hold” rating and a $125.00 price target for the company. Stifel Nicolaus lifted their price target on International Flavors & Fragrances from $123.00 to $127.00 and gave the company a “hold” rating in a report on Monday, March 27th. Finally, Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Tuesday, February 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. International Flavors & Fragrances currently has an average rating of “Hold” and an average target price of $138.74.

In related news, insider Nicolas Mirzayantz sold 2,946 shares of the stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $126.50, for a total transaction of $372,669.00. Following the completion of the transaction, the insider now directly owns 57,271 shares in the company, valued at $7,244,781.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Winder Investment Pte Ltd acquired 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The shares were purchased at an average price of $123.81 per share, with a total value of $8,666,700.00. Following the completion of the acquisition, the insider now owns 8,087,640 shares of the company’s stock, valued at approximately $1,001,330,708.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 708,013 shares of company stock valued at $89,424,077 and have sold 5,921 shares valued at $752,863. 0.55% of the stock is currently owned by company insiders.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The 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.

5 Day Chart for NYSE:IFF

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