Top 5 Stock Picks of Benjamin Smith’s Laurion Capital Management

1. International Flavors & Fragrances Inc. (NYSE:IFF)

Laurion Capital Management’s Stake Value: $482 million
Percentage of Laurion Capital Management’s 13F Portfolio: 2.03%
Number of Hedge Fund Holders: 52

International Flavors & Fragrances Inc. (NYSE:IFF) is a New York-based corporation that produces and markets flavors, fragrances, and cosmetic actives, with manufacturing operations in over 47 different countries.

On November 12, Deutsche Bank analyst David Begleiter raised his price target on International Flavors & Fragrances Inc. (NYSE:IFF) to $170 from $162, and kept a Buy rating on the shares following what he calls a “mixed” Q3 report.

Benjamin Smith’s Laurion Capital Management currently holds over 3.6 million shares of International Flavors & Fragrances Inc. (NYSE:IFF). These shares are valued at $482 million and account for 2.03% of the hedge fund’s portfolio.

Scott Ferguson of Sachem Head Capital is one of the biggest stakeholders of International Flavors & Fragrances Inc. (NYSE:IFF) as of the end of the third quarter, according to the data tracked by Insider Monkey. Overall, 52 funds were bullish on the company by the end of the June quarter, compared to 55 in the previous quarter.

Rhizome Partners, an investment management firm, mentioned International Flavors & Fragrances Inc. (NYSE: IFF) in its first-quarter 2021 investor letter. Here’s what they said:

“We are still getting used to the higher multiples that investors will pay for larger market cap and pure play companies such as  IFF. We do understand the market’s rationale. IFF’s products account for a small percentage of the customers’ cost while playing critical roles in the products’ performance. With some operating leverage, the company can probably grow FCF at 4-6% a year. This brings the total return close to the long-term return of the S&P 500 index of 10%. Through trial and error, we have come to appreciate how scale, higher market share, route densities, switching costs, and collaborative relationships amongst major industry players can contribute to sustained high returns on invested capital.”

You can also take a peek at 10 Best Dividend Champions to Buy Now and 10 Best Dividend Stocks to Buy According to Mason Hawkins’ Southeastern Asset Management.

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