International Flavors & Fragrances Inc. (NYSE:IFF) Stake Boosted by Regents Gate Capital LLP

Regents Gate Capital LLP raised its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 86.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,544 shares of the specialty chemicals company's stock after purchasing an additional 62,054 shares during the period. International Flavors & Fragrances accounts for about 4.4% of Regents Gate Capital LLP's holdings, making the stock its 2nd biggest position. Regents Gate Capital LLP owned 0.05% of International Flavors & Fragrances worth $10,364,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of IFF. SBI Securities Co. Ltd. purchased a new position in International Flavors & Fragrances during the fourth quarter valued at approximately $32,000. Fairway Wealth LLC purchased a new position in International Flavors & Fragrances during the fourth quarter valued at approximately $34,000. Mather Group LLC. grew its stake in International Flavors & Fragrances by 179.9% during the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock valued at $51,000 after acquiring an additional 421 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new position in International Flavors & Fragrances in the 1st quarter worth approximately $77,000. Finally, Quarry LP purchased a new position in International Flavors & Fragrances in the 4th quarter worth approximately $78,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Activity

In related news, Director Mehmood Khan purchased 4,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, May 15th. The shares were bought at an average price of $75.33 per share, for a total transaction of $301,320.00. Following the completion of the transaction, the director directly owned 4,604 shares of the company's stock, valued at $346,819.32. This represents a 662.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Hernandez Margarita Palau purchased 850 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, May 19th. The shares were bought at an average price of $77.42 per share, for a total transaction of $65,807.00. Following the transaction, the director directly owned 2,393 shares of the company's stock, valued at $185,266.06. This trade represents a 55.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 22,050 shares of company stock valued at $1,688,512. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Trading Up 0.1%

NYSE:IFF traded up $0.07 during midday trading on Thursday, reaching $76.62. 1,114,811 shares of the stock traded hands, compared to its average volume of 1,533,735. The stock has a market capitalization of $19.60 billion, a P/E ratio of -23.43, a PEG ratio of 3.40 and a beta of 1.04. International Flavors & Fragrances Inc. has a 12 month low of $65.85 and a 12 month 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 company has a fifty day moving average of $76.11 and a 200 day moving average of $78.97.

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 EPS for the quarter, beating the consensus estimate 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 negative net margin of 7.31% and a positive return on equity of 7.99%. The company's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.13 earnings per share. On average, research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is -48.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on IFF shares. Oppenheimer cut their price target on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Stifel Nicolaus cut their price target on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Morgan Stanley cut their price target on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Barclays raised shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $76.00 to $84.00 in a research note on Thursday, May 8th. Finally, Citigroup boosted their price target on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $93.43.

International Flavors & Fragrances 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.