Regents Gate Capital LLP Buys 62,054 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Regents Gate Capital LLP increased its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 86.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,544 shares of the specialty chemicals company's stock after purchasing an additional 62,054 shares during the period. International Flavors & Fragrances makes up approximately 4.4% of Regents Gate Capital LLP's portfolio, making the stock its 2nd biggest holding. Regents Gate Capital LLP owned approximately 0.05% of International Flavors & Fragrances worth $10,364,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. TD Private Client Wealth LLC boosted its stake in International Flavors & Fragrances by 48.7% in the first quarter. TD Private Client Wealth LLC now owns 6,766 shares of the specialty chemicals company's stock worth $525,000 after buying an additional 2,215 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in International Flavors & Fragrances by 9.5% in the first quarter. Envestnet Asset Management Inc. now owns 251,125 shares of the specialty chemicals company's stock worth $19,490,000 after buying an additional 21,815 shares in the last quarter. World Investment Advisors purchased a new stake in International Flavors & Fragrances in the first quarter worth approximately $357,000. IFM Investors Pty Ltd boosted its stake in International Flavors & Fragrances by 7.7% in the first quarter. IFM Investors Pty Ltd now owns 54,931 shares of the specialty chemicals company's stock worth $4,263,000 after buying an additional 3,943 shares in the last quarter. Finally, 44 Wealth Management LLC boosted its stake in International Flavors & Fragrances by 45.6% in the first quarter. 44 Wealth Management LLC now owns 7,418 shares of the specialty chemicals company's stock worth $576,000 after buying an additional 2,324 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other International Flavors & Fragrances news, CAO Beril Yildiz sold 2,400 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $77.33, for a total transaction of $185,592.00. Following the completion of the sale, the chief accounting officer directly owned 3,321 shares of the company's stock, valued at approximately $256,812.93. This represents a 41.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kevin O'byrne purchased 4,500 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were purchased at an average cost of $76.05 per share, with a total value of $342,225.00. Following the completion of the transaction, the director owned 7,696 shares of the company's stock, valued at approximately $585,280.80. The trade was a 140.80% increase in their position. The disclosure for this purchase can be found here. Insiders bought 22,050 shares of company stock valued at $1,688,512 over the last quarter. 0.20% of the stock is owned by company insiders.

International Flavors & Fragrances Price Performance

IFF traded down $0.63 during trading hours on Friday, hitting $75.99. The company's stock had a trading volume of 1,099,346 shares, compared to its average volume of 1,534,220. The business's 50-day moving average price is $76.05 and its 200-day moving average price is $78.91. International Flavors & Fragrances Inc. has a 12 month low of $65.85 and a 12 month high of $106.77. The stock has a market cap of $19.44 billion, a price-to-earnings ratio of -23.24, a P/E/G ratio of 3.41 and a beta of 1.04. The company has a current ratio of 1.87, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a negative net margin of 7.31% and a positive return on equity of 7.99%. The company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the previous year, the business posted $1.13 earnings per share. International Flavors & Fragrances's quarterly revenue was down 1.9% on a year-over-year basis. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 20th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Friday, June 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -48.93%.

Wall Street Analyst Weigh In

IFF has been the subject of a number of analyst reports. Morgan Stanley dropped their price objective on 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 International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $76.00 to $84.00 in a research note on Thursday, May 8th. UBS Group upped their target price on International Flavors & Fragrances from $82.00 to $83.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Stifel Nicolaus decreased their target price on International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Citigroup upped their target price on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $93.43.

International Flavors & Fragrances Company 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.