Regents Gate Capital LLP Grows Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

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

Other institutional investors have also recently made changes to their positions in the company. Freemont Capital Pte Ltd purchased a new position in International Flavors & Fragrances during the fourth quarter worth $2,143,882,000. Norges Bank purchased a new stake in International Flavors & Fragrances in the fourth quarter worth about $452,363,000. Dodge & Cox raised its holdings 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 worth $2,658,063,000 after purchasing an additional 3,355,381 shares in the last quarter. Northern Trust Corp raised its holdings in International Flavors & Fragrances by 19.9% in the fourth quarter. Northern Trust Corp now owns 3,407,262 shares of the specialty chemicals company's stock worth $288,084,000 after purchasing an additional 565,769 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of International Flavors & Fragrances by 6,831.5% during the first 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 in the last quarter. Institutional investors own 96.02% of the company's stock.

Insider Buying and Selling at International Flavors & Fragrances

In related news, EVP Stephen N. Landsman acquired 12,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average price of $77.28 per share, for a total transaction of $927,360.00. Following the transaction, the executive vice president directly owned 12,000 shares of the company's stock, valued at $927,360. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hernandez Margarita Palau acquired 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, with a total value of $65,807.00. Following the transaction, the director directly owned 2,393 shares in the company, valued at approximately $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 bought 22,050 shares of company stock worth $1,688,512. Insiders own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

IFF has been the subject of several research reports. Mizuho decreased their price objective on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Oppenheimer decreased their price objective 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. Citigroup lifted their price objective on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Barclays upgraded shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $76.00 to $84.00 in a research note on Thursday, May 8th. Finally, Stifel Nicolaus dropped their price objective on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $93.43.

International Flavors & Fragrances Trading Up 0.5%

NYSE:IFF traded up $0.41 during mid-day trading on Wednesday, reaching $76.59. The company's stock had a trading volume of 1,224,708 shares, compared to its average volume of 1,532,130. The company's fifty day simple moving average is $76.18 and its two-hundred day simple moving average is $79.04. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.87 and a quick ratio of 1.39. International Flavors & Fragrances Inc. has a twelve month low of $65.85 and a twelve month high of $106.77. The stock has a market cap of $19.59 billion, a P/E ratio of -23.42, a P/E/G ratio of 3.33 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a positive return on equity of 7.99% and a negative net margin of 7.31%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company earned $1.13 EPS. The firm's quarterly revenue was down 1.9% on a year-over-year basis. On average, equities analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

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

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.