Everett Harris & Co. CA Buys 11,805 Shares of International Flavors & Fragrances Inc. $IFF

Everett Harris & Co. CA boosted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 51.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,570 shares of the specialty chemicals company’s stock after purchasing an additional 11,805 shares during the quarter. Everett Harris & Co. CA’s holdings in International Flavors & Fragrances were worth $2,330,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of IFF. Invesco Ltd. lifted its holdings in shares of International Flavors & Fragrances by 131.3% during the third quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock worth $441,068,000 after buying an additional 4,069,075 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of International Flavors & Fragrances during the fourth quarter worth approximately $211,703,000. Ameriprise Financial Inc. lifted its holdings in shares of International Flavors & Fragrances by 1,842.0% during the second quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company’s stock worth $183,264,000 after buying an additional 2,363,307 shares during the last quarter. Dodge & Cox increased its holdings in shares of International Flavors & Fragrances by 5.5% during the 3rd quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock worth $2,275,296,000 after purchasing an additional 1,925,251 shares during the period. Finally, First Eagle Investment Management LLC increased its holdings in shares of International Flavors & Fragrances by 27.5% during the 4th quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company’s stock worth $595,166,000 after purchasing an additional 1,904,598 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Trading Down 0.4%

Shares of IFF stock opened at $72.68 on Tuesday. International Flavors & Fragrances Inc. has a 52-week low of $59.14 and a 52-week high of $84.45. The stock has a market cap of $18.56 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 1.69 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.49. The firm has a fifty day moving average of $73.75 and a 200-day moving average of $72.08.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.17. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the prior year, the company posted $1.20 EPS. The business’s revenue was down 3.6% on a year-over-year basis. On average, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.56 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, June 18th. International Flavors & Fragrances’s dividend payout ratio is currently 48.93%.

Insider Transactions at International Flavors & Fragrances

In related news, Director Paul J. Fribourg acquired 260,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was purchased at an average cost of $74.28 per share, for a total transaction of $19,312,800.00. Following the completion of the purchase, the director directly owned 2,682,730 shares of the company’s stock, valued at $199,273,184.40. The trade was a 10.73% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 415,500 shares of company stock worth $30,276,875 in the last three months. Corporate insiders own 1.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on IFF shares. Barclays boosted their price objective on shares of International Flavors & Fragrances from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. UBS Group boosted their price objective on shares of International Flavors & Fragrances from $75.00 to $86.00 in a report on Thursday, May 7th. Rothschild & Co Redburn dropped their price objective on shares of International Flavors & Fragrances from $74.00 to $71.00 in a report on Friday, May 8th. Berenberg Bank boosted their price objective on shares of International Flavors & Fragrances from $83.00 to $84.80 and gave the stock a “hold” rating in a report on Thursday, May 7th. Finally, Mizuho upped their target price on International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.49.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.