ETF Managers Group LLC Boosts Stake in International Flavors & Fragrances Inc (IFF)

ETF Managers Group LLC grew its position in International Flavors & Fragrances Inc (NYSE:IFF) by 9.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,057 shares of the specialty chemicals company’s stock after purchasing an additional 88 shares during the quarter. ETF Managers Group LLC’s holdings in International Flavors & Fragrances were worth $136,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of IFF. JOYN Advisors Inc. grew its position in International Flavors & Fragrances by 65.5% during the fourth quarter. JOYN Advisors Inc. now owns 187 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 74 shares in the last quarter. Lenox Wealth Management Inc. acquired a new stake in International Flavors & Fragrances during the first quarter worth approximately $26,000. Massey Quick Simon & CO. LLC acquired a new stake in International Flavors & Fragrances during the fourth quarter worth approximately $27,000. Fort L.P. grew its position in International Flavors & Fragrances by 365.3% during the fourth quarter. Fort L.P. now owns 228 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 179 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in International Flavors & Fragrances during the fourth quarter worth approximately $37,000. 86.46% of the stock is currently owned by institutional investors.

A number of equities research analysts recently issued reports on IFF shares. Barclays reissued a “sell” rating on shares of International Flavors & Fragrances in a research report on Monday, February 18th. Zacks Investment Research downgraded International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Monday, February 18th. Citigroup reduced their price target on International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, February 21st. Seaport Global Securities started coverage on International Flavors & Fragrances in a research report on Thursday, February 21st. They set a “neutral” rating on the stock. Finally, KeyCorp reduced their price target on International Flavors & Fragrances from $160.00 to $143.00 and set an “overweight” rating on the stock in a research report on Monday, February 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $148.13.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 3,472 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $136.73, for a total value of $474,726.56. Following the sale, the insider now owns 45,858 shares of the company’s stock, valued at approximately $6,270,164.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.39% of the company’s stock.

Shares of IFF stock opened at $134.71 on Friday. The firm has a market capitalization of $14.37 billion, a price-to-earnings ratio of 21.45 and a beta of 0.77. International Flavors & Fragrances Inc has a fifty-two week low of $121.85 and a fifty-two week high of $150.57. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.58 and a current ratio of 2.56.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Monday, May 6th. The specialty chemicals company reported $1.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.05. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. International Flavors & Fragrances had a return on equity of 12.74% and a net margin of 7.29%. The company’s revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.79 EPS. On average, analysts forecast that International Flavors & Fragrances Inc will post 6.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 24th will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio is presently 46.50%.

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About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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