Inceptionr LLC Buys 10,883 Shares of International Flavors & Fragrances Inc. $IFF

Inceptionr LLC increased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFFFree Report) by 144.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 18,407 shares of the specialty chemicals company’s stock after purchasing an additional 10,883 shares during the quarter. Inceptionr LLC’s holdings in International Flavors & Fragrances were worth $1,240,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Tran Capital Management L.P. bought a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $21,924,000. JPMorgan Chase & Co. boosted its position in shares of International Flavors & Fragrances by 28.8% during the third quarter. JPMorgan Chase & Co. now owns 1,098,575 shares of the specialty chemicals company’s stock valued at $67,612,000 after purchasing an additional 245,719 shares in the last quarter. Dodge & Cox boosted its position in shares of International Flavors & Fragrances by 5.5% during the third quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock valued at $2,275,296,000 after purchasing an additional 1,925,251 shares in the last quarter. Icahn Carl C boosted its position in shares of International Flavors & Fragrances by 26.7% during the third quarter. Icahn Carl C now owns 4,750,000 shares of the specialty chemicals company’s stock valued at $292,315,000 after purchasing an additional 1,000,000 shares in the last quarter. Finally, Swiss Life Asset Management Ltd boosted its position in shares of International Flavors & Fragrances by 117.0% during the fourth quarter. Swiss Life Asset Management Ltd now owns 148,377 shares of the specialty chemicals company’s stock valued at $9,999,000 after purchasing an additional 80,014 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IFF has been the topic of several research reports. Deutsche Bank Aktiengesellschaft dropped their price target on International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, June 1st. Jefferies Financial Group boosted their target price on International Flavors & Fragrances from $97.00 to $105.00 in a report on Thursday, May 7th. Berenberg Bank boosted their target price on International Flavors & Fragrances from $83.00 to $84.80 and gave the stock a “hold” rating in a report on Thursday, May 7th. Citigroup boosted their target price on International Flavors & Fragrances from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Barclays boosted their target price on International Flavors & Fragrances from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Thirteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.05.

View Our Latest Report on IFF

International Flavors & Fragrances Trading Down 1.8%

Shares of NYSE:IFF opened at $74.39 on Thursday. The company has a market cap of $18.99 billion, a P/E ratio of 22.75, a PEG ratio of 1.76 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.87. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $84.45. The stock’s fifty day moving average price is $73.91 and its 200-day moving average price is $72.22.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last announced its quarterly earnings results 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. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.64 billion. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 earnings per share. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.56 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, June 18th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, June 18th. International Flavors & Fragrances’s dividend payout ratio is presently 48.93%.

Insider Activity

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

International Flavors & Fragrances Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Flavors & Fragrances Inc. (NYSE:IFFFree Report).

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

Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.