Callan Family Office LLC Raises Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Key Points

• Callan Family Office LLC increased its stake in International Flavors & Fragrances by 55%, acquiring an additional 6,820 shares for a total of 19,223 shares worth approximately $1.49 million.
• Insider buying activity includes Director Paul J. Fribourg purchasing 15,450 shares for over $1 million, indicating strong confidence in the company's performance.
• International Flavors & Fragrances recently reported quarterly earnings of $1.15 per share, exceeding analysts' estimates, with revenue of $2.76 billion, though down 4.3% year-over-year.

Callan Family Office LLC lifted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 55.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,223 shares of the specialty chemicals company's stock after acquiring an additional 6,820 shares during the quarter. Callan Family Office LLC's holdings in International Flavors & Fragrances were worth $1,492,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Freemont Capital Pte Ltd bought a new position in International Flavors & Fragrances in the 4th quarter worth approximately $2,143,882,000. Dodge & Cox boosted its stake in International Flavors & Fragrances by 11.9% in the 4th quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company's stock worth $2,658,063,000 after purchasing an additional 3,355,381 shares during the period. Nuveen LLC bought a new position in International Flavors & Fragrances in the 1st quarter worth approximately $57,324,000. Northern Trust Corp boosted its position in shares of International Flavors & Fragrances by 19.9% during the 4th quarter. Northern Trust Corp now owns 3,407,262 shares of the specialty chemicals company's stock valued at $288,084,000 after acquiring an additional 565,769 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of International Flavors & Fragrances by 6,831.5% during the 1st quarter. GAMMA Investing LLC now owns 556,464 shares of the specialty chemicals company's stock valued at $431,870,000 after acquiring an additional 548,436 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Insider Transactions at International Flavors & Fragrances

In other news, CAO Beril Yildiz sold 2,400 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $77.33, for a total transaction of $185,592.00. Following the completion of the transaction, the chief accounting officer directly owned 3,321 shares of the company's stock, valued at $256,812.93. This represents a 41.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul J. Fribourg acquired 15,450 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the purchase, the director owned 15,450 shares in the company, valued at $1,001,160. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 48,100 shares of company stock valued at $3,330,287. 0.20% of the stock is owned by company insiders.

International Flavors & Fragrances Stock Up 0.1%

NYSE IFF traded up $0.06 during trading on Friday, hitting $65.78. The company's stock had a trading volume of 1,389,246 shares, compared to its average volume of 2,607,229. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. The company has a market cap of $16.86 billion, a PE ratio of -42.44, a P/E/G ratio of 2.85 and a beta of 1.04. The business's 50 day simple moving average is $73.51 and its 200-day simple moving average is $76.59. International Flavors & Fragrances Inc. has a fifty-two week low of $62.33 and a fifty-two week high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%. The firm had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.69 billion. During the same period last year, the business posted $1.16 earnings per share. The company's revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, September 29th. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -103.23%.

Wall Street Analysts Forecast Growth

IFF has been the subject of a number of research reports. Tigress Financial initiated coverage on International Flavors & Fragrances in a research report on Wednesday, June 4th. They set a "buy" rating and a $105.00 target price for the company. Oppenheimer lowered International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a report on Thursday, August 7th. Citigroup increased their price target on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Robert W. Baird decreased their price target on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Finally, Barclays decreased their price target on International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $92.36.

About International Flavors & Fragrances

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.