Tran Capital Management L.P. Purchases New Shares in International Flavors & Fragrances Inc. $IFF

Tran Capital Management L.P. acquired a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 325,326 shares of the specialty chemicals company’s stock, valued at approximately $21,924,000. International Flavors & Fragrances accounts for 2.6% of Tran Capital Management L.P.’s holdings, making the stock its 16th largest holding.

A number of other hedge funds have also bought and sold shares of the business. True Wealth Design LLC boosted its holdings in International Flavors & Fragrances by 896.4% in the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 493 shares during the period. Elkhorn Partners Limited Partnership increased its holdings in shares of International Flavors & Fragrances by 200.0% during the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 400 shares during the period. Geneos Wealth Management Inc. raised its position in shares of International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 210 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in International Flavors & Fragrances during the second quarter worth approximately $49,000. Finally, Transamerica Financial Advisors LLC increased its stake in International Flavors & Fragrances by 884.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after acquiring an additional 610 shares during the period. 96.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on IFF shares. Wells Fargo & Company upped their target price on International Flavors & Fragrances from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Weiss Ratings restated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Monday, December 29th. Rothschild & Co Redburn upped their price objective on shares of International Flavors & Fragrances from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Mizuho boosted their target price on shares of International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Finally, Berenberg Bank lowered their price objective on shares of International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating for the company in a research report on Thursday, February 5th. Thirteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.09.

International Flavors & Fragrances Stock Down 0.0%

Shares of NYSE IFF opened at $72.42 on Friday. International Flavors & Fragrances Inc. has a 12 month low of $59.14 and a 12 month high of $84.45. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. The company has a market cap of $18.50 billion, a price-to-earnings ratio of -52.86, a PEG ratio of 1.90 and a beta of 1.02. The stock has a 50-day moving average price of $74.58 and a two-hundred day moving average price of $68.64.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.05). The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 EPS. As a group, analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -116.79%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 142,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were bought at an average price of $70.13 per share, for a total transaction of $9,958,460.00. Following the completion of the acquisition, the director owned 2,422,730 shares in the company, valued at approximately $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.