Global Retirement Partners LLC Grows Stock Holdings in International Flavors & Fragrances Inc. $IFF

Global Retirement Partners LLC grew its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 1,342.1% during the fourth quarter, HoldingsChannel reports. The firm owned 8,912 shares of the specialty chemicals company’s stock after acquiring an additional 8,294 shares during the period. Global Retirement Partners LLC’s holdings in International Flavors & Fragrances were worth $601,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of IFF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in International Flavors & Fragrances by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock worth $2,042,000 after purchasing an additional 1,335 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in International Flavors & Fragrances by 15.7% in the 1st quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock worth $309,000 after purchasing an additional 539 shares in the last quarter. Empowered Funds LLC lifted its stake in International Flavors & Fragrances by 71.5% in the 1st quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock worth $811,000 after purchasing an additional 4,358 shares in the last quarter. Focus Partners Wealth lifted its stake in International Flavors & Fragrances by 25.5% in the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock worth $584,000 after purchasing an additional 1,530 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in International Flavors & Fragrances by 55.7% in the 1st 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 in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on IFF. UBS Group lifted their price target on shares of International Flavors & Fragrances from $75.00 to $86.00 in a research report on Thursday, May 7th. Citigroup lifted their price target 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. Mizuho lifted their price target 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of International Flavors & Fragrances from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Finally, Barclays lifted their price target on shares of International Flavors & Fragrances from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.80.

International Flavors & Fragrances Stock Up 1.4%

International Flavors & Fragrances stock opened at $76.95 on Thursday. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $84.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.49. The firm has a 50 day moving average price of $72.91 and a 200 day moving average price of $71.56. The company has a market capitalization of $19.65 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 1.67 and a beta of 0.93.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share for the quarter, beating 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 firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the firm earned $1.20 EPS. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. Research analysts expect that International Flavors & Fragrances Inc. will post 4.55 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, June 18th will be paid a $0.40 dividend. The ex-dividend date is Thursday, June 18th. This represents a $1.60 annualized dividend and a dividend yield of 2.1%. International Flavors & Fragrances’s payout ratio is 48.93%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 142,000 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average price of $70.13 per share, for a total transaction of $9,958,460.00. Following the completion of the purchase, the director directly owned 2,422,730 shares in the company, valued at approximately $169,906,054.90. The trade was a 6.23% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.07% of the stock is currently owned by company insiders.

About International Flavors & Fragrances

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.