Achmea Investment Management B.V. Increases Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Achmea Investment Management B.V. raised its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 126.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,344 shares of the specialty chemicals company's stock after acquiring an additional 16,368 shares during the quarter. Achmea Investment Management B.V.'s holdings in International Flavors & Fragrances were worth $2,277,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $8,099,000. Manning & Napier Advisors LLC acquired a new position in shares of International Flavors & Fragrances during the first quarter valued at approximately $1,271,000. Cibc World Markets Corp raised its holdings in shares of International Flavors & Fragrances by 299.1% during the fourth quarter. Cibc World Markets Corp now owns 138,522 shares of the specialty chemicals company's stock valued at $11,712,000 after acquiring an additional 103,810 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of International Flavors & Fragrances by 23.6% during the fourth quarter. Royal Bank of Canada now owns 361,073 shares of the specialty chemicals company's stock valued at $30,529,000 after acquiring an additional 68,970 shares during the last quarter. Finally, Chicago Capital LLC acquired a new position in shares of International Flavors & Fragrances during the first quarter valued at approximately $688,000. Institutional investors and hedge funds own 96.02% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on IFF. Stifel Nicolaus reduced their target price on International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Tigress Financial began coverage on International Flavors & Fragrances in a research report on Wednesday, June 4th. They issued a "buy" rating and a $105.00 price target for the company. Wells Fargo & Company dropped their price target on International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Mizuho dropped their price target on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Robert W. Baird dropped their price target on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.43.

International Flavors & Fragrances Trading Up 0.7%

Shares of International Flavors & Fragrances stock opened at $74.44 on Friday. The firm has a market capitalization of $19.04 billion, a price-to-earnings ratio of -22.77, a PEG ratio of 3.31 and a beta of 1.05. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.87. The stock has a 50 day moving average of $76.19 and a 200 day moving average of $79.58.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.08. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.99% and a negative net margin of 7.31%. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.13 earnings per share. As a group, research analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is -48.93%.

Insiders Place Their Bets

In other news, Director Hernandez Margarita Palau purchased 850 shares of the firm's stock in a transaction on Monday, May 19th. The shares were bought at an average cost of $77.42 per share, for a total transaction of $65,807.00. Following the completion of the purchase, the director now directly owns 2,393 shares of the company's stock, valued at approximately $185,266.06. This trade represents a 55.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin O'byrne acquired 4,500 shares of International Flavors & Fragrances stock in a transaction dated Thursday, May 22nd. The stock was bought at an average price of $76.05 per share, for a total transaction of $342,225.00. Following the completion of the purchase, the director now owns 7,696 shares of the company's stock, valued at approximately $585,280.80. This represents a 140.80% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 22,050 shares of company stock worth $1,688,512 over the last ninety days. Corporate insiders own 0.20% of the company's stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B's Food & Beverage division and the food protection business of N&B's Health & Biosciences division.

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