Stone Run Capital Lowers stake in International Flavors & Fragrances Inc (IFF)

International Flavors & Fragrances Inc (IFF) : Stone Run Capital reduced its stake in International Flavors & Fragrances Inc by 0.6% during the most recent quarter end. The investment management company now holds a total of 41,625 shares of International Flavors & Fragrances Inc which is valued at $4,891,770 after selling 250 shares in International Flavors & Fragrances Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.International Flavors & Fragrances Inc makes up approximately 3.17% of Stone Run Capital’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc boosted its stake in IFF in the latest quarter, The investment management firm added 13,663 additional shares and now holds a total of 410,158 shares of International Flavors & Fragrances Inc which is valued at $52,770,928. International Flavors & Fragrances Inc makes up approx 0.06% of Ubs Asset Management Americas Inc’s portfolio. Parkwood added IFF to its portfolio by purchasing 1,962 company shares during the most recent quarter which is valued at $253,510. International Flavors & Fragrances Inc makes up approx 0.04% of Parkwood’s portfolio.

International Flavors & Fragrances Inc opened for trading at $119.14 and hit $120.22 on the upside on Monday, eventually ending the session at $119.78, with a gain of 0.28% or 0.33 points. The heightened volatility saw the trading volume jump to 6,09,474 shares. Company has a market cap of $9,513 M.

On the company’s financial health, International Flavors & Fragrances Inc reported $1.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Nov 7, 2016. Analyst had a consensus of $1.42. The company had revenue of $777.00 million for the quarter, compared to analysts expectations of $784.06 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS.

Many Wall Street Analysts have commented on International Flavors & Fragrances Inc. International Flavors & Fragrances Inc was Initiated by Goldman to “Neutral” on Nov 21, 2016. Bernstein Initiated International Flavors & Fragrances Inc on Sep 19, 2016 to “Outperform”, Price Target of the shares are set at $160.

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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