SG Americas Securities LLC Acquires 7,540 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

SG Americas Securities LLC lifted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 77.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,297 shares of the specialty chemicals company's stock after purchasing an additional 7,540 shares during the quarter. SG Americas Securities LLC's holdings in International Flavors & Fragrances were worth $1,342,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new stake in shares of International Flavors & Fragrances during the 4th quarter worth approximately $8,099,000. Cibc World Markets Corp grew its holdings in shares of International Flavors & Fragrances by 299.1% during the 4th quarter. Cibc World Markets Corp now owns 138,522 shares of the specialty chemicals company's stock worth $11,712,000 after purchasing an additional 103,810 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of International Flavors & Fragrances by 23.6% during the 4th quarter. Royal Bank of Canada now owns 361,073 shares of the specialty chemicals company's stock worth $30,529,000 after purchasing an additional 68,970 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of International Flavors & Fragrances by 3.0% during the 4th quarter. Victory Capital Management Inc. now owns 116,419 shares of the specialty chemicals company's stock worth $9,843,000 after purchasing an additional 3,400 shares in the last quarter. Finally, DnB Asset Management AS grew its holdings in shares of International Flavors & Fragrances by 72.2% during the 4th quarter. DnB Asset Management AS now owns 635,598 shares of the specialty chemicals company's stock worth $53,740,000 after purchasing an additional 266,392 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $76.69 on Tuesday. The firm has a market cap of $19.62 billion, a P/E ratio of 81.59, a P/E/G ratio of 1.45 and a beta of 1.05. International Flavors & Fragrances Inc. has a 52 week low of $65.85 and a 52 week high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The business's fifty day moving average is $75.88 and its two-hundred day moving average is $80.45.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.08. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The firm's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 earnings per share. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on IFF shares. UBS Group lifted their price objective on International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Stifel Nicolaus decreased their price target on 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. Cfra lowered International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target on the stock. in a research note on Thursday, February 20th. Wells Fargo & Company decreased their price target on International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Finally, Barclays raised International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $76.00 to $84.00 in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $93.43.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, EVP Stephen N. Landsman purchased 12,000 shares of the stock in a transaction on Monday, May 19th. The stock was bought at an average cost of $77.28 per share, for a total transaction of $927,360.00. Following the completion of the acquisition, the executive vice president now directly owns 12,000 shares of the company's stock, valued at $927,360. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hernandez Margarita Palau purchased 850 shares of the stock in a transaction on Monday, May 19th. The stock was acquired at an average price of $77.42 per share, with a total value of $65,807.00. Following the completion of the acquisition, the director now directly owns 2,393 shares of the company's stock, valued at approximately $185,266.06. This represents a 55.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 22,050 shares of company stock worth $1,688,512. 0.20% of the stock is owned by insiders.

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.

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