Bull Harbor Capital LLC Makes New Investment in International Flavors & Fragrances Inc. $IFF

Bull Harbor Capital LLC bought a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,610 shares of the specialty chemicals company’s stock, valued at approximately $552,000.

Other institutional investors also recently modified their holdings of the company. Lloyd Advisory Services LLC. purchased a new position in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $27,000. Root Financial Partners LLC grew its stake in shares of International Flavors & Fragrances by 97.9% in the 1st quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 274 shares during the last quarter. Geneos Wealth Management Inc. increased its position in International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 210 shares in the last quarter. Transamerica Financial Advisors LLC raised its stake in International Flavors & Fragrances by 884.1% during the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after buying an additional 610 shares during the last quarter. Finally, Cromwell Holdings LLC boosted its holdings in International Flavors & Fragrances by 69.6% in the fourth quarter. Cromwell Holdings LLC now owns 894 shares of the specialty chemicals company’s stock worth $61,000 after acquiring an additional 367 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on IFF. BNP Paribas Exane increased their target price on International Flavors & Fragrances from $85.00 to $95.00 in a research note on Thursday, May 7th. UBS Group upped their price target on shares of International Flavors & Fragrances from $75.00 to $86.00 in a research note on Thursday, May 7th. Citigroup reduced their price objective on shares of International Flavors & Fragrances from $96.00 to $88.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Weiss Ratings raised shares of International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Rothschild & Co Redburn reduced their target price on International Flavors & Fragrances from $74.00 to $71.00 in a report on Friday, May 8th. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus price target of $91.16.

International Flavors & Fragrances Trading Down 0.2%

Shares of IFF stock opened at $79.44 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $84.45. The stock has a market capitalization of $20.28 billion, a P/E ratio of 24.29, a P/E/G ratio of 1.99 and a beta of 0.93. The firm’s 50 day moving average is $76.94 and its 200 day moving average is $74.96.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.17. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.64 billion. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 EPS. Research analysts expect that International Flavors & Fragrances Inc. will post 4.55 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 18th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 48.93%.

Insider Activity

In other International Flavors & Fragrances news, Director Paul J. Fribourg acquired 260,000 shares of the stock in a transaction dated Monday, June 1st. The shares were purchased at an average price of $74.28 per share, for a total transaction of $19,312,800.00. Following the purchase, the director directly owned 2,682,730 shares of the company’s stock, valued at approximately $199,273,184.40. This trade represents a 10.73% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.07% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Company 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.