Trillium Asset Management LLC Boosts Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Key Points

• Trillium Asset Management LLC increased its holdings in International Flavors & Fragrances Inc. by 2.8% in Q1, now owning approximately $16 million worth of stock.
• Analyst ratings reflect varied sentiments with one sell, two hold, and twelve buy ratings leading to an average rating of "Moderate Buy" and a consensus price target of $92.36.
• The company announced a quarterly dividend of $0.40, representing a yield of 2.5%, set to be paid on October 10th, indicating a robust approach to maintaining investor returns.

Trillium Asset Management LLC raised its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 2.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 206,674 shares of the specialty chemicals company's stock after buying an additional 5,714 shares during the period. Trillium Asset Management LLC owned about 0.08% of International Flavors & Fragrances worth $16,040,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Zions Bancorporation National Association UT bought a new position in shares of International Flavors & Fragrances in the first quarter worth about $42,000. Mather Group LLC. increased its holdings in International Flavors & Fragrances by 179.9% in the 1st quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock worth $51,000 after acquiring an additional 421 shares in the last quarter. Quarry LP bought a new stake in International Flavors & Fragrances during the 4th quarter worth approximately $78,000. Smallwood Wealth Investment Management LLC purchased a new position in International Flavors & Fragrances during the first quarter valued at approximately $77,000. Finally, Strengthening Families & Communities LLC boosted its position in shares of International Flavors & Fragrances by 43.6% in the first quarter. Strengthening Families & Communities LLC now owns 1,384 shares of the specialty chemicals company's stock worth $107,000 after purchasing an additional 420 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on IFF shares. Robert W. Baird cut their price target on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Citigroup lifted their target price on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Oppenheimer downgraded International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research note on Thursday, August 7th. Mizuho lowered their target price on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Finally, Wells Fargo & Company cut their target price on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $92.36.

Insider Buying and Selling

In other news, CAO Beril Yildiz sold 2,400 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $77.33, for a total transaction of $185,592.00. Following the transaction, the chief accounting officer 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 link. Also, CEO J Erik Fyrwald purchased 15,300 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average cost of $64.95 per share, with a total value of $993,735.00. Following the completion of the purchase, the chief executive officer directly owned 77,370 shares in the company, valued at $5,025,181.50. The trade was a 24.65% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 52,100 shares of company stock worth $3,631,607 over the last three months. 0.17% of the stock is currently owned by company insiders.

International Flavors & Fragrances Trading Down 0.1%

Shares of NYSE IFF opened at $63.49 on Tuesday. The stock has a market capitalization of $16.27 billion, a P/E ratio of -40.96, a PEG ratio of 2.43 and a beta of 1.04. International Flavors & Fragrances Inc. has a 1-year low of $62.98 and a 1-year high of $106.77. The business's 50 day moving average is $74.41 and its two-hundred day moving average is $77.11. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.04. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%. International Flavors & Fragrances's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 EPS. As a group, research analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, September 29th. International Flavors & Fragrances's dividend payout ratio is -103.23%.

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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