HF Advisory Group LLC Purchases 30,009 Shares of International Flavors & Fragrances Inc. $IFF

HF Advisory Group LLC increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 204.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,653 shares of the specialty chemicals company’s stock after purchasing an additional 30,009 shares during the quarter. HF Advisory Group LLC’s holdings in International Flavors & Fragrances were worth $3,009,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its stake in International Flavors & Fragrances by 896.4% during the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after buying an additional 493 shares during the last quarter. Elkhorn Partners Limited Partnership raised its stake in shares of International Flavors & Fragrances by 200.0% in the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 400 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings 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 worth $46,000 after acquiring an additional 210 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in International Flavors & Fragrances during the 2nd quarter worth approximately $49,000. Finally, Transamerica Financial Advisors LLC increased its holdings in International Flavors & Fragrances by 884.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after purchasing an additional 610 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $72.64 on Thursday. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $18.56 billion, a P/E ratio of -53.02, a PEG ratio of 1.90 and a beta of 0.99. The business has a 50-day moving average of $74.59 and a 200-day moving average of $68.53. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The business’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. On average, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 20th. This represents a $1.60 annualized dividend and a yield of 2.2%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -116.79%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Oppenheimer upgraded International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 price objective for the company in a research report on Friday, February 13th. Bank of America raised their target price on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Barclays lifted their price target on International Flavors & Fragrances from $78.00 to $91.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Berenberg Bank reduced their price target on shares of International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating on the stock in a research report on Thursday, February 5th. Finally, Argus raised their price objective on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Thirteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $90.09.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Paul J. Fribourg purchased 142,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was bought at an average price of $70.13 per share, with a total value of $9,958,460.00. Following the acquisition, the director directly owned 2,422,730 shares of the company’s stock, valued at approximately $169,906,054.90. This represents a 6.23% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate 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.