Oppenheimer Asset Management Inc. Takes $3.83 Million Position in International Flavors & Fragrances Inc. $IFF

Key Points

• Oppenheimer Asset Management established a new position in International Flavors & Fragrances, buying 56,803 shares in Q4 worth about $3.83 million (per its 13F filing).
• IFF missed Q4 expectations with EPS $0.80 vs. $0.85 consensus and reported revenue of $2.59 billion (down 6.6% year‑over‑year), and the company posted a negative net margin of 3.2%.
• Director Paul J. Fribourg purchased 142,000 shares at roughly $70.13 each (~$9.96 million), increasing his stake to 2,422,730 shares.

Oppenheimer Asset Management Inc. purchased a new stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 56,803 shares of the specialty chemicals company's stock, valued at approximately $3,828,000.

A number of other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System boosted its holdings in shares of International Flavors & Fragrances by 4.4% in the 4th quarter. New York State Teachers Retirement System now owns 216,036 shares of the specialty chemicals company's stock valued at $14,559,000 after buying an additional 9,187 shares in the last quarter. Keybank National Association OH boosted its holdings in shares of International Flavors & Fragrances by 10.8% in the 4th quarter. Keybank National Association OH now owns 4,346 shares of the specialty chemicals company's stock valued at $293,000 after buying an additional 425 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of International Flavors & Fragrances by 129.0% in the 4th quarter. Wealthfront Advisers LLC now owns 14,434 shares of the specialty chemicals company's stock valued at $973,000 after buying an additional 8,130 shares in the last quarter. Certuity LLC bought a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at about $253,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of International Flavors & Fragrances by 1.0% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 105,326 shares of the specialty chemicals company's stock valued at $7,098,000 after buying an additional 1,005 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Stock Up 0.1%

IFF stock opened at $70.91 on Monday. The firm has a 50 day moving average of $72.99 and a 200 day moving average of $70.07. The stock has a market capitalization of $18.11 billion, a PE ratio of -51.76, a price-to-earnings-growth ratio of 1.91 and a beta of 0.93. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $84.45.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $0.85 by ($0.05). International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business earned $0.97 earnings per share. The firm's revenue for the quarter was down 6.6% on a year-over-year basis. Sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.42 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. Shareholders of record on Thursday, June 18th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. International Flavors & Fragrances's dividend payout ratio (DPR) is currently -116.79%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on IFF shares. Argus raised their price target on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, January 22nd. Rothschild & Co Redburn lifted their target price on shares of International Flavors & Fragrances from $66.00 to $74.00 and gave the stock a "neutral" rating in a research note on Monday, March 2nd. UBS Group lowered their target price on shares of International Flavors & Fragrances from $85.00 to $75.00 and set a "neutral" rating for the company in a research note on Thursday, April 9th. Berenberg Bank lowered their target price on shares of International Flavors & Fragrances from $78.30 to $77.50 and set a "hold" rating for the company in a research note on Thursday, February 5th. Finally, Oppenheimer lowered their target price on shares of International Flavors & Fragrances from $97.00 to $88.00 and set an "outperform" rating for the company in a research note on Wednesday, April 22nd. Twelve research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, International Flavors & Fragrances has an average rating of "Moderate Buy" and a consensus price target of $87.50.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 142,000 shares of International Flavors & Fragrances stock in a transaction on Thursday, March 12th. The stock was bought at an average cost of $70.13 per share, with a total value of $9,958,460.00. Following the transaction, the director owned 2,422,730 shares of the company's stock, valued at $169,906,054.90. This represents a 6.23% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.07% of the company's stock.

International Flavors & Fragrances Company Profile

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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