Danske Bank A S Has $13.05 Million Position in International Flavors & Fragrances Inc. $IFF

Key Points

• Danske Bank A/S raised its stake in International Flavors & Fragrances by 13.1% in Q4 to 193,655 shares, valued at about $13.05 million (roughly 0.08% of the company).
• Director Paul J. Fribourg bought 142,000 shares at an average price of $70.13 (≈$9.96M), increasing his holdings to 2,422,730 shares; corporate insiders own about 1.07% of IFF.
• Equity analysts give IFF a consensus rating of Moderate Buy with a consensus price target of $87.50, and the company announced a quarterly dividend of $0.40 (annualized $1.60, ~2.3% yield).

Danske Bank A S increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,655 shares of the specialty chemicals company's stock after purchasing an additional 22,400 shares during the period. Danske Bank A S owned approximately 0.08% of International Flavors & Fragrances worth $13,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in IFF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in International Flavors & Fragrances by 5.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company's stock worth $2,042,000 after purchasing an additional 1,335 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in International Flavors & Fragrances by 15.7% during the 1st quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company's stock worth $309,000 after purchasing an additional 539 shares during the last quarter. Empowered Funds LLC increased its stake in International Flavors & Fragrances by 71.5% during the 1st quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company's stock worth $811,000 after acquiring an additional 4,358 shares during the period. Focus Partners Wealth increased its stake in International Flavors & Fragrances by 25.5% during the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company's stock worth $584,000 after acquiring an additional 1,530 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company's stock worth $46,000 after acquiring an additional 210 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Berenberg Bank lowered their price objective on International Flavors & Fragrances from $78.30 to $77.50 and set a "hold" rating on the stock in a research note on Thursday, February 5th. UBS Group lowered their price objective on International Flavors & Fragrances from $85.00 to $75.00 and set a "neutral" rating on the stock in a research note on Thursday, April 9th. Citigroup lowered their price objective on International Flavors & Fragrances from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, April 13th. Mizuho raised their price objective on International Flavors & Fragrances from $75.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, February 12th. Finally, Oppenheimer lowered their price objective on International Flavors & Fragrances from $97.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 22nd. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $87.50.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg acquired 142,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average price of $70.13 per share, for a total transaction of $9,958,460.00. Following the transaction, the director directly owned 2,422,730 shares of the company's stock, valued at approximately $169,906,054.90. The trade was a 6.23% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.07% of the stock is owned by corporate insiders.

International Flavors & Fragrances Trading Up 0.1%

Shares of IFF opened at $70.91 on Monday. International Flavors & Fragrances Inc. has a 52-week low of $59.14 and a 52-week high of $84.45. The business's fifty day moving average is $72.99 and its 200-day moving average is $70.07. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42. The firm has a market cap of $18.11 billion, a price-to-earnings ratio of -51.76, a PEG ratio of 1.91 and a beta of 0.93.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.05). International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The company's revenue for the quarter was down 6.6% on a year-over-year basis. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.42 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Thursday, June 18th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, June 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. International Flavors & Fragrances's payout ratio is currently -116.79%.

About International Flavors & Fragrances

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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