Natixis Advisors LLC lifted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF – Free Report) by 291.5% in the 4th quarter, HoldingsChannel reports. The firm owned 435,809 shares of the specialty chemicals company’s stock after purchasing an additional 324,491 shares during the quarter. Natixis Advisors LLC’s holdings in International Flavors & Fragrances were worth $29,369,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. DNB Asset Management AS lifted its holdings in International Flavors & Fragrances by 0.3% in the fourth quarter. DNB Asset Management AS now owns 53,741 shares of the specialty chemicals company’s stock worth $3,622,000 after purchasing an additional 139 shares during the period. Rafferty Asset Management LLC increased its stake in International Flavors & Fragrances by 0.7% during the 3rd quarter. Rafferty Asset Management LLC now owns 21,837 shares of the specialty chemicals company’s stock valued at $1,344,000 after buying an additional 158 shares during the period. Clearstead Advisors LLC raised its position in shares of International Flavors & Fragrances by 6.1% during the 3rd quarter. Clearstead Advisors LLC now owns 3,021 shares of the specialty chemicals company’s stock worth $186,000 after buying an additional 173 shares in the last quarter. Parr Mcknight Wealth Management Group LLC raised its position in shares of International Flavors & Fragrances by 0.9% during the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 23,129 shares of the specialty chemicals company’s stock worth $1,423,000 after buying an additional 199 shares in the last quarter. Finally, State of Michigan Retirement System lifted its stake in shares of International Flavors & Fragrances by 0.3% in the 4th quarter. State of Michigan Retirement System now owns 69,515 shares of the specialty chemicals company’s stock worth $4,685,000 after acquiring an additional 200 shares during the period. 96.02% of the stock is currently owned by institutional investors.
Insider Buying and Selling at International Flavors & Fragrances
In other news, Director Paul J. Fribourg purchased 260,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of $74.28 per share, for a total transaction of $19,312,800.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 415,500 shares of company stock valued at $30,276,875 over the last quarter. Company insiders own 1.07% of the company’s stock.
International Flavors & Fragrances Stock Performance
International Flavors & Fragrances (NYSE:IFF – Get Free Report) last announced its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.08 by $0.17. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the business posted $1.20 earnings per share. International Flavors & Fragrances’s revenue was down 3.6% compared to the same quarter last year. As a group, equities analysts predict that International Flavors & Fragrances Inc. will post 4.57 EPS for the current fiscal year.
International Flavors & Fragrances Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, June 18th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, June 18th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 48.93%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. Oppenheimer raised their price objective on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Berenberg Bank upped their target price on International Flavors & Fragrances from $83.00 to $84.80 and gave the stock a “hold” rating in a research report on Thursday, May 7th. BNP Paribas Exane lifted their price target on International Flavors & Fragrances from $85.00 to $95.00 in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Jefferies Financial Group raised their target price on International Flavors & Fragrances from $97.00 to $105.00 in a research note on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.49.
View Our Latest Analysis on IFF
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.
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