Wbi Investments adds International Flavors & Fragrances Inc (IFF) to its portfolio

International Flavors & Fragrances Inc (IFF) : Wbi Investments added new position in International Flavors & Fragrances Inc during the most recent quarter end. The investment management firm now holds 166,183 shares of International Flavors & Fragrances Inc which is valued at $22,532,753 , the company said in a statement filed on Aug 11, 2016 with the SEC.International Flavors & Fragrances Inc makes up approximately 0.79% of Wbi Investments’s portfolio.

Other Hedge Funds, Including , Cipher Capital Lp boosted its stake in IFF in the latest quarter, The investment management firm added 3,172 additional shares and now holds a total of 9,967 shares of International Flavors & Fragrances Inc which is valued at $1,351,426. International Flavors & Fragrances Inc makes up approx 0.09% of Cipher Capital Lp’s portfolio.Ardevora Asset Management Llp boosted its stake in IFF in the latest quarter, The investment management firm added 3,100 additional shares and now holds a total of 217,500 shares of International Flavors & Fragrances Inc which is valued at $29,588,700. International Flavors & Fragrances Inc makes up approx 1.17% of Ardevora Asset Management Llp’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in IFF in the latest quarter, The investment management firm added 23,906 additional shares and now holds a total of 122,265 shares of International Flavors & Fragrances Inc which is valued at $16,384,733. International Flavors & Fragrances Inc makes up approx 0.05% of State Board Of Administration Of Florida Retirement System’s portfolio.Naples Global Advisors reduced its stake in IFF by selling 425 shares or 2.56% in the most recent quarter. The Hedge Fund company now holds 16,169 shares of IFF which is valued at $2,138,189. International Flavors & Fragrances Inc makes up approx 0.86% of Naples Global Advisors’s portfolio.

International Flavors & Fragrances Inc opened for trading at $138.54 and hit $139.07 on the upside on Tuesday, eventually ending the session at $138.09, with a gain of 0.36% or 0.5 points. The heightened volatility saw the trading volume jump to 2,05,056 shares. Company has a market cap of $10,991 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 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.

Investors should note that on Aug 3, 2016, International Flavors & Fragrances Inc announced a cash dividend of $0.6400. The company’s management has announced Sep 22, 2016 as the ex-dividend date and fixed the record date on Sep 26, 2016. The payable date has been fixed on Oct 6, 2016.

Many Wall Street Analysts have commented on International Flavors & Fragrances Inc. 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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