KLCM Advisors Inc. Boosts Stake in International Flavors & Fragrances Inc. $IFF

KLCM Advisors Inc. lifted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 52.3% in the first quarter, Holdings Channel reports. The firm owned 264,590 shares of the specialty chemicals company’s stock after acquiring an additional 90,815 shares during the period. International Flavors & Fragrances accounts for approximately 1.6% of KLCM Advisors Inc.’s holdings, making the stock its 12th biggest position. KLCM Advisors Inc.’s holdings in International Flavors & Fragrances were worth $19,196,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its holdings in shares of International Flavors & Fragrances by 15.4% in the first quarter. Hsbc Holdings PLC now owns 523,899 shares of the specialty chemicals company’s stock valued at $37,940,000 after acquiring an additional 69,742 shares during the period. Resona Asset Management Co. Ltd. grew its position in shares of International Flavors & Fragrances by 4.4% during the first quarter. Resona Asset Management Co. Ltd. now owns 83,579 shares of the specialty chemicals company’s stock worth $6,039,000 after acquiring an additional 3,519 shares during the last quarter. Staley Capital Advisers Inc. increased its holdings in shares of International Flavors & Fragrances by 8.1% in the 1st quarter. Staley Capital Advisers Inc. now owns 1,055,308 shares of the specialty chemicals company’s stock valued at $76,563,000 after acquiring an additional 78,855 shares during the period. Swedbank AB raised its position in International Flavors & Fragrances by 0.4% in the 1st quarter. Swedbank AB now owns 249,469 shares of the specialty chemicals company’s stock valued at $18,099,000 after purchasing an additional 949 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in International Flavors & Fragrances by 6.3% during the 1st quarter. QRG Capital Management Inc. now owns 3,875 shares of the specialty chemicals company’s stock worth $281,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Transactions at International Flavors & Fragrances

In related news, Director Paul J. Fribourg purchased 260,000 shares of International Flavors & Fragrances stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $74.28 per share, for a total transaction of $19,312,800.00. Following the transaction, the director owned 2,682,730 shares in the company, valued at approximately $199,273,184.40. The trade was a 10.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on IFF. Benchmark initiated coverage on shares of International Flavors & Fragrances in a research report on Tuesday, June 9th. They set a “buy” rating and a $100.00 price objective on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Weiss Ratings raised International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Oppenheimer boosted their price target on International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Jefferies Financial Group upped their price objective on International Flavors & Fragrances from $97.00 to $105.00 in a research note on Thursday, May 7th. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.16.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock traded down $0.96 during trading hours on Friday, reaching $77.57. 1,476,058 shares of the stock were exchanged, compared to its average volume of 1,897,343. The stock has a market cap of $19.80 billion, a P/E ratio of 23.72, a P/E/G ratio of 1.83 and a beta of 0.93. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.49. International Flavors & Fragrances Inc. has a 52-week low of $59.14 and a 52-week high of $84.45. The firm’s 50 day moving average is $76.66 and its 200 day moving average is $73.98.

International Flavors & Fragrances (NYSE:IFF) last issued 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 business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. Analysts predict that International Flavors & Fragrances Inc. will post 4.55 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, June 18th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, June 18th. International Flavors & Fragrances’s dividend payout ratio is presently 48.93%.

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.