Wilkins Investment Counsel Inc Lowers stake in International Flavors & Fragrances Inc (IFF)

International Flavors & Fragrances Inc (IFF) : Wilkins Investment Counsel Inc reduced its stake in International Flavors & Fragrances Inc by 4.06% during the most recent quarter end. The investment management company now holds a total of 80,592 shares of International Flavors & Fragrances Inc which is valued at $10,927,469 after selling 3,408 shares in International Flavors & Fragrances Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.International Flavors & Fragrances Inc makes up approximately 2.94% of Wilkins Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Pioneer Investment Management Inc boosted its stake in IFF in the latest quarter, The investment management firm added 60,351 additional shares and now holds a total of 856,854 shares of International Flavors & Fragrances Inc which is valued at $116,180,834. International Flavors & Fragrances Inc makes up approx 0.41% of Pioneer Investment Management Inc’s portfolio.Los Angeles Capital Management Equity Research Inc boosted its stake in IFF in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 52,195 shares of International Flavors & Fragrances Inc which is valued at $7,100,608. International Flavors & Fragrances Inc makes up approx 0.06% of Los Angeles Capital Management Equity Research Inc’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. Gwm Advisors added IFF to its portfolio by purchasing 3,302 company shares during the most recent quarter which is valued at $436,590. International Flavors & Fragrances Inc makes up approx 0.18% of Gwm Advisors’s portfolio.

International Flavors & Fragrances Inc opened for trading at $135.78 and hit $137.74 on the upside on Friday, eventually ending the session at $137.53, with a gain of 0.98% or 1.33 points. The heightened volatility saw the trading volume jump to 3,28,262 shares. Company has a market cap of $10,946 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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