Arlington Partners LLC raised its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 78.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,638 shares of the specialty chemicals company's stock after buying an additional 21,389 shares during the quarter. Arlington Partners LLC's holdings in International Flavors & Fragrances were worth $3,775,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Dodge & Cox lifted its stake in International Flavors & Fragrances by 11.9% in the fourth quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company's stock valued at $2,658,063,000 after buying an additional 3,355,381 shares during the period. Vanguard Group Inc. lifted its stake in International Flavors & Fragrances by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company's stock valued at $2,554,996,000 after buying an additional 164,945 shares during the period. Freemont Capital Pte Ltd acquired a new position in International Flavors & Fragrances in the fourth quarter valued at about $2,143,882,000. Geode Capital Management LLC lifted its stake in International Flavors & Fragrances by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company's stock valued at $520,032,000 after buying an additional 157,948 shares during the period. Finally, Norges Bank acquired a new position in International Flavors & Fragrances in the fourth quarter valued at about $452,363,000. Institutional investors and hedge funds own 96.02% of the company's stock.
International Flavors & Fragrances Stock Up 0.7%
NYSE:IFF traded up $0.52 during trading hours on Friday, reaching $74.44. 1,806,862 shares of the stock were exchanged, compared to its average volume of 1,518,085. International Flavors & Fragrances Inc. has a twelve month low of $65.85 and a twelve month high of $106.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.87 and a quick ratio of 1.39. The firm has a 50 day moving average of $76.19 and a 200 day moving average of $79.64. The stock has a market cap of $19.04 billion, a PE ratio of -22.77, a PEG ratio of 3.29 and a beta of 1.05.
International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.08. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate 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 business's revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.13 EPS. On average, equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.
International Flavors & Fragrances Dividend Announcement
The business 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 $0.40 dividend. The ex-dividend date is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. International Flavors & Fragrances's dividend payout ratio is -48.93%.
Insider Buying and Selling at International Flavors & Fragrances
In related news, Director Kevin O'byrne purchased 4,500 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was purchased at an average cost of $76.05 per share, for a total transaction of $342,225.00. Following the completion of the purchase, the director now directly owns 7,696 shares in the company, valued at $585,280.80. This trade represents a 140.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen N. Landsman purchased 12,000 shares of the firm's stock in a transaction on Monday, May 19th. The stock was bought at an average price of $77.28 per share, with a total value of $927,360.00. Following the completion of the purchase, the executive vice president now owns 12,000 shares of the company's stock, valued at approximately $927,360. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 22,050 shares of company stock worth $1,688,512 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. Wells Fargo & Company dropped their price target on International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Stifel Nicolaus dropped their price target on International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. UBS Group raised their price target on International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Robert W. Baird dropped their price target on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Finally, Tigress Financial assumed coverage on International Flavors & Fragrances in a research report on Wednesday, June 4th. They set a "buy" rating and a $105.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.43.
Check Out Our Latest Analysis on International Flavors & Fragrances
International Flavors & Fragrances Company Profile
(
Free Report)
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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