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IFF: Analyzing Institutional Investors before Its Q3 Earnings

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Institutional holdings

The 13F filings on June 30 indicated that institutional investors own 85.9% of International Flavors and Fragrances’ (IFF) outstanding shares. A total of 598 institutions hold International Flavors and Fragrances. Among the institutions, 253 increased their positions on International Flavors and Fragrances, 238 reduced their positions, and 107 maintained their positions. With more institutions increasing their positions on International Flavors and Fragrances, there’s more positive sentiment in the stock.

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What do institutional activities suggest?

Institutional investors were net buyers during the second quarter. Institutional investors bought ~9.27 million shares, while they sold 6.73 million shares. The numbers suggest that institutional investors are positive on the stock. Based on the 13F filings on June 30, below are the top three institutional investors’ holdings.

  • Winder Investment holds the highest number of shares among institutional investors. Winder Investment bought 3.42 million shares, which took the tally to 14 million shares and represents ~17.7% of International Flavors and Fragrances’ total outstanding common shares.
  • Vanguard Group added ~69,100 shares, which took its holdings to 9.05 million shares and represents 11.4% of International Flavors and Fragrances’ outstanding shares.
  • BlackRock (BLK) added 315,418 shares. BlackRock holds 5.64 million shares, which represents 7.1% of International Flavors and Fragrances’ outstanding shares.

Investors could hold International Flavors and Fragrances indirectly by investing in the iShares Russell Mid-Cap ETF (IWR), which has invested 0.8% of its portfolio in International Flavors and Fragrances. The fund also provides exposure to Rockwell Automation (ROK) and Dollar Tree (DLTR) with weights of 1.7% each as of October 30.

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