Compagnie Lombard Odier Scma Lowers stake in International Flavors & Fragrances Inc (IFF)

International Flavors & Fragrances Inc (IFF) : Compagnie Lombard Odier Scma reduced its stake in International Flavors & Fragrances Inc by 42.85% during the most recent quarter end. The investment management company now holds a total of 190,270 shares of International Flavors & Fragrances Inc which is valued at $25,798,709 after selling 142,665 shares in International Flavors & Fragrances Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.International Flavors & Fragrances Inc makes up approximately 0.74% of Compagnie Lombard Odier Scma’s portfolio.

Other Hedge Funds, Including , Paloma Partners Management Co boosted its stake in IFF in the latest quarter, The investment management firm added 611 additional shares and now holds a total of 3,687 shares of International Flavors & Fragrances Inc which is valued at $499,920. International Flavors & Fragrances Inc makes up approx 0.02% of Paloma Partners Management Co’s portfolio.Liberty Mutual Group Asset Management boosted its stake in IFF in the latest quarter, The investment management firm added 347 additional shares and now holds a total of 5,161 shares of International Flavors & Fragrances Inc which is valued at $699,780. International Flavors & Fragrances Inc makes up approx 0.03% of Liberty Mutual Group Asset Management’s portfolio.Geode Capital Management reduced its stake in IFF by selling 216 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 677,446 shares of IFF which is valued at $91,854,903. International Flavors & Fragrances Inc makes up approx 0.05% of Geode Capital Management’s portfolio.Texas Permanent School Fund reduced its stake in IFF by selling 1,705 shares or 6.18% in the most recent quarter. The Hedge Fund company now holds 25,863 shares of IFF which is valued at $3,506,764. International Flavors & Fragrances Inc makes up approx 0.04% of Texas Permanent School Fund’s portfolio.

International Flavors & Fragrances Inc closed down -0.21 points or -0.15% at $138.37 with 3,34,553 shares getting traded on Thursday. Post opening the session at $138.24, the shares hit an intraday low of $137.52 and an intraday high of $138.805 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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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