Nykredit A S Buys Shares of 2,815,771 International Flavors & Fragrances Inc. $IFF

Nykredit A S purchased a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) during the second quarter, HoldingsChannel.com reports. The firm purchased 2,815,771 shares of the specialty chemicals company’s stock, valued at approximately $223,065,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IFF. Lloyd Advisory Services LLC. acquired a new position in International Flavors & Fragrances in the fourth quarter valued at about $27,000. Root Financial Partners LLC grew its position in shares of International Flavors & Fragrances by 97.9% during the 1st quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 274 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of 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 valued at $46,000 after acquiring an additional 210 shares during the last quarter. Transamerica Financial Advisors LLC raised its position in shares of International Flavors & Fragrances by 884.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after acquiring an additional 610 shares during the period. Finally, EFG International AG acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $73,000. 96.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other International Flavors & Fragrances news, insider De Mendonca Ana Paula Teles sold 5,718 shares of International Flavors & Fragrances stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $83.19, for a total value of $475,680.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael Deveau sold 8,825 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $85.55, for a total value of $754,978.75. Following the transaction, the executive vice president directly owned 5,199 shares of the company’s stock, valued at approximately $444,774.45. This trade represents a 62.93% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 15,543 shares of company stock valued at $1,315,659. Company insiders own 1.07% of the company’s stock.

International Flavors & Fragrances Price Performance

NYSE IFF opened at $86.99 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 2.06. The stock has a market cap of $22.19 billion, a price-to-earnings ratio of 79.80, a PEG ratio of 3.34 and a beta of 0.94. The business has a 50 day simple moving average of $81.20 and a 200 day simple moving average of $76.98. International Flavors & Fragrances Inc. has a 52-week low of $59.14 and a 52-week high of $89.32.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.25). The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.62 billion. International Flavors & Fragrances had a net margin of 2.78% and a return on equity of 7.11%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.15 EPS. Analysts anticipate that International Flavors & Fragrances Inc. will post 3.08 earnings per share for the current fiscal year.

International Flavors & Fragrances announced that its Board of Directors has approved a stock repurchase program on Tuesday, August 4th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the specialty chemicals company to repurchase up to 12.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 18th. International Flavors & Fragrances’s payout ratio is currently 146.79%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on IFF shares. Morgan Stanley boosted their price objective on shares of International Flavors & Fragrances from $93.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, June 1st. Berenberg Bank boosted their price target on shares of International Flavors & Fragrances from $83.00 to $84.80 and gave the company a “hold” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. upped 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, Oppenheimer lifted their target price on International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.40.

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.