Tobam Acquires Shares of 9,983 International Flavors & Fragrances Inc. (NYSE:IFF)

Tobam acquired a new position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 9,983 shares of the specialty chemicals company's stock, valued at approximately $775,000.

Several other institutional investors also recently bought and sold shares of IFF. Empowered Funds LLC boosted its holdings in International Flavors & Fragrances by 47.6% in the 4th quarter. Empowered Funds LLC now owns 6,096 shares of the specialty chemicals company's stock worth $515,000 after buying an additional 1,966 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in International Flavors & Fragrances by 33.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 6,601 shares of the specialty chemicals company's stock worth $558,000 after buying an additional 1,640 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in International Flavors & Fragrances by 99.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 75,775 shares of the specialty chemicals company's stock worth $6,296,000 after buying an additional 37,865 shares during the last quarter. Van ECK Associates Corp boosted its holdings in International Flavors & Fragrances by 41.6% in the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock worth $478,912,000 after buying an additional 1,663,629 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in International Flavors & Fragrances in the 4th quarter worth about $9,271,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Trading Up 0.8%

IFF traded up $0.60 during trading hours on Monday, reaching $76.69. The company's stock had a trading volume of 940,612 shares, compared to its average volume of 1,519,212. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77. The stock has a market cap of $19.62 billion, a PE ratio of 81.59, a P/E/G ratio of 1.45 and a beta of 1.05. The business's 50-day moving average is $75.88 and its 200-day moving average is $80.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93.

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

International Flavors & Fragrances Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Tigress Financial assumed coverage on International Flavors & Fragrances in a report on Wednesday, June 4th. They issued a "buy" rating and a $105.00 price objective on the stock. Mizuho dropped their price target on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Morgan Stanley dropped their price target on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Cfra lowered International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target for the company. in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. dropped their price target on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. One 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, International Flavors & Fragrances presently has an average rating of "Moderate Buy" and a consensus target price of $93.43.

Insider Buying and Selling at International Flavors & Fragrances

In other news, CEO J Erik Fyrwald bought 700 shares of the business's stock in a transaction on Thursday, May 8th. The shares were bought at an average price of $74.00 per share, with a total value of $51,800.00. Following the completion of the transaction, the chief executive officer now directly owns 37,770 shares in the company, valued at $2,794,980. This trade represents a 1.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kevin O'byrne bought 4,500 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was purchased at an average cost of $76.05 per share, for a total transaction of $342,225.00. Following the transaction, the director now owns 7,696 shares of the company's stock, valued at $585,280.80. This trade represents a 140.80% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 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 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.