Swiss Life Asset Management Ltd Acquires 80,014 Shares of International Flavors & Fragrances Inc. $IFF

Swiss Life Asset Management Ltd grew its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 117.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,377 shares of the specialty chemicals company’s stock after purchasing an additional 80,014 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in International Flavors & Fragrances were worth $9,999,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its position in International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 210 shares during the period. Transamerica Financial Advisors LLC boosted its position in International Flavors & Fragrances by 884.1% during the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after purchasing an additional 610 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in International Flavors & Fragrances by 42.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 239 shares during the period. AlphaQuest LLC boosted its position in International Flavors & Fragrances by 1,190.0% during the third quarter. AlphaQuest LLC now owns 903 shares of the specialty chemicals company’s stock worth $56,000 after purchasing an additional 833 shares during the period. Finally, Cromwell Holdings LLC boosted its position in International Flavors & Fragrances by 69.6% during the fourth quarter. Cromwell Holdings LLC now owns 894 shares of the specialty chemicals company’s stock worth $61,000 after purchasing an additional 367 shares during the period. Institutional investors own 96.02% of the company’s stock.

Insider Transactions at International Flavors & Fragrances

In related news, Director Paul J. Fribourg acquired 142,000 shares of International Flavors & Fragrances stock in a transaction on Thursday, March 12th. The shares were acquired at an average cost of $70.13 per share, with a total value of $9,958,460.00. Following the transaction, the director owned 2,422,730 shares in the company, valued at $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on IFF shares. Jefferies Financial Group raised their price objective on shares of International Flavors & Fragrances from $97.00 to $105.00 in a research report on Thursday, May 7th. Citigroup raised their price objective on shares of International Flavors & Fragrances from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. UBS Group raised their price objective on shares of International Flavors & Fragrances from $75.00 to $86.00 in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised their price objective on shares of International Flavors & Fragrances from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of International Flavors & Fragrances from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.80.

International Flavors & Fragrances Stock Down 0.3%

Shares of NYSE IFF opened at $78.50 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $84.45. The firm’s fifty day moving average is $72.62 and its 200 day moving average is $70.68. The company has a market cap of $20.04 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 1.80 and a beta of 0.93.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.08 by $0.17. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, equities research analysts expect that International Flavors & Fragrances Inc. will post 4.53 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, June 18th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, June 18th. International Flavors & Fragrances’s payout ratio is presently 48.93%.

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.