Front Barnett Associates Lowers stake in International Flavors & Fragrances Inc (IFF)

International Flavors & Fragrances Inc (IFF) : Front Barnett Associates reduced its stake in International Flavors & Fragrances Inc by 0.73% during the most recent quarter end. The investment management company now holds a total of 130,877 shares of International Flavors & Fragrances Inc which is valued at $17,542,753 after selling 959 shares in International Flavors & Fragrances Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.International Flavors & Fragrances Inc makes up approximately 3.44% of Front Barnett Associates’s portfolio.

Other Hedge Funds, Including , Diam Ltd. reduced its stake in IFF by selling 2,056 shares or 7.13% in the most recent quarter. The Hedge Fund company now holds 26,788 shares of IFF which is valued at $3,590,664. International Flavors & Fragrances Inc makes up approx 0.05% of Diam Ltd.’s portfolio.Quadrant Capital Group boosted its stake in IFF in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 874 shares of International Flavors & Fragrances Inc which is valued at $116,461. International Flavors & Fragrances Inc makes up approx 0.07% of Quadrant Capital Group’s portfolio.First Manhattan Co reduced its stake in IFF by selling 201 shares or 21.16% in the most recent quarter. The Hedge Fund company now holds 749 shares of IFF which is valued at $99,033.Benjamin F. Edwards Company reduced its stake in IFF by selling 273 shares or 5.93% in the most recent quarter. The Hedge Fund company now holds 4,333 shares of IFF which is valued at $572,996. International Flavors & Fragrances Inc makes up approx 0.11% of Benjamin F. Edwards Company’s portfolio.

International Flavors & Fragrances Inc closed down -1.3 points or -0.97% at $132.71 with 7,69,797 shares getting traded on Monday. Post opening the session at $133.66, the shares hit an intraday low of $132.15 and an intraday high of $133.935 and the price fluctuated in this range throughout the day.Shares ended Monday 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. 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. Company shares were Reiterated by Deutsche Bank on May 11, 2016 to “Hold”, Firm has raised the Price Target to $ 124 from a previous price target of $115 .

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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