Cantor Fitzgerald Investment Advisors L.P. Has $13.43 Million Holdings in International Flavors & Fragrances Inc. $IFF

Cantor Fitzgerald Investment Advisors L.P. boosted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 38.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 199,302 shares of the specialty chemicals company’s stock after acquiring an additional 54,971 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.’s holdings in International Flavors & Fragrances were worth $13,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of IFF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in International Flavors & Fragrances by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock valued at $2,042,000 after purchasing an additional 1,335 shares during the period. Jones Financial Companies Lllp boosted its holdings in International Flavors & Fragrances by 15.7% in the 1st quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock valued at $309,000 after purchasing an additional 539 shares during the period. Empowered Funds LLC boosted its holdings in International Flavors & Fragrances by 71.5% in the 1st quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock valued at $811,000 after purchasing an additional 4,358 shares during the period. Focus Partners Wealth boosted its holdings in International Flavors & Fragrances by 25.5% in the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock valued at $584,000 after purchasing an additional 1,530 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at International Flavors & Fragrances

In other news, Director Paul J. Fribourg purchased 142,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $70.13 per share, with a total value of $9,958,460.00. Following the acquisition, the director directly owned 2,422,730 shares of the company’s stock, valued at approximately $169,906,054.90. This trade represents a 6.23% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.07% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IFF. Citigroup increased their price target on shares of International Flavors & Fragrances from $83.00 to $95.00 and gave the company a “buy” rating in a report on Friday, February 13th. Barclays increased their price target on shares of International Flavors & Fragrances from $78.00 to $91.00 and gave the company an “overweight” rating in a report on Friday, February 13th. BNP Paribas Exane reduced their price target on shares of International Flavors & Fragrances from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Tuesday. Wells Fargo & Company lifted their target price on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Finally, Rothschild & Co Redburn lifted their target price on shares of International Flavors & Fragrances from $66.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.17.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $72.44 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42. The firm’s 50-day simple moving average is $74.63 and its 200-day simple moving average is $68.92. International Flavors & Fragrances Inc. has a twelve month low of $59.14 and a twelve month high of $84.45. The firm has a market cap of $18.50 billion, a P/E ratio of -52.87, a price-to-earnings-growth ratio of 1.91 and a beta of 1.02.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.05). International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm posted $0.97 earnings per share. International Flavors & Fragrances’s revenue was down 6.6% on a year-over-year basis. As a group, research analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 20th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, March 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -116.79%.

About International Flavors & Fragrances

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.