International Flavors & Fragrances Inc. $IFF Shares Purchased by Blume Capital Management Inc.

Blume Capital Management Inc. increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 23,178.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,557 shares of the specialty chemicals company’s stock after purchasing an additional 46,357 shares during the quarter. Blume Capital Management Inc.’s holdings in International Flavors & Fragrances were worth $3,137,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IFF. Geneos Wealth Management Inc. raised its holdings 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 last quarter. Transamerica Financial Advisors LLC raised its holdings 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 last quarter. MassMutual Private Wealth & Trust FSB raised its holdings 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 last quarter. AlphaQuest LLC raised its holdings 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 last quarter. Finally, Cromwell Holdings LLC raised its holdings 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 last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on IFF. Rothschild & Co Redburn reduced their price objective on International Flavors & Fragrances from $74.00 to $71.00 in a report on Friday, May 8th. Citigroup lifted their price objective on International Flavors & Fragrances from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on International Flavors & Fragrances from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Jefferies Financial Group boosted their price target on International Flavors & Fragrances from $97.00 to $105.00 in a report on Thursday, May 7th. Finally, UBS Group boosted their price target on International Flavors & Fragrances from $75.00 to $86.00 in a report on Thursday, May 7th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.80.

Insider Buying and Selling

In other International Flavors & Fragrances news, Director Paul J. Fribourg bought 142,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $70.13 per share, for a total transaction of $9,958,460.00. Following the completion of the purchase, the director owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. This trade represents a 6.23% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.07% of the company’s stock.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $73.09 on Monday. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $84.45. The stock has a market cap of $18.66 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 1.62 and a beta of 0.93. The business has a fifty day moving average of $72.39 and a 200-day moving average of $70.89. 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 (NYSE:IFF) last released its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, analysts predict that International Flavors & Fragrances Inc. will post 4.53 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Thursday, June 18th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, June 18th. International Flavors & Fragrances’s dividend 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.