International Flavors & Fragrances Inc. (IFF) To Go Ex-Dividend on June 18th

International Flavors & Fragrances Inc. (NYSE:IFF) declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Thursday, June 18th will be given a dividend of 0.40 per share by the specialty chemicals company on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, June 18th.

International Flavors & Fragrances has decreased its dividend by an average of 0.1%annually over the last three years. International Flavors & Fragrances has a payout ratio of 35.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect International Flavors & Fragrances to earn $4.91 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 32.6%.

International Flavors & Fragrances Trading Up 0.1%

NYSE IFF opened at $78.32 on Tuesday. The company has a market cap of $19.99 billion, a P/E ratio of 23.95, a P/E/G ratio of 1.82 and a beta of 0.94. International Flavors & Fragrances has a 12 month low of $59.14 and a 12 month high of $84.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.87. The company has a 50-day moving average of $74.25 and a 200-day moving average of $72.43.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.17. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.64 billion. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. International Flavors & Fragrances’s revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 earnings per share. As a group, equities analysts predict that International Flavors & Fragrances will post 4.56 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Paul J. Fribourg purchased 260,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average cost of $74.28 per share, for a total transaction of $19,312,800.00. Following the acquisition, the director owned 2,682,730 shares in the company, valued at approximately $199,273,184.40. This trade represents a 10.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.07% of the company’s stock.

Institutional Investors Weigh In On International Flavors & Fragrances

Several institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. raised its holdings in shares of International Flavors & Fragrances by 131.3% during the 3rd quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock valued at $441,068,000 after buying an additional 4,069,075 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in International Flavors & Fragrances in the 4th quarter worth approximately $211,703,000. Ameriprise Financial Inc. grew its position in International Flavors & Fragrances by 1,842.0% in the second quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company’s stock valued at $183,264,000 after acquiring an additional 2,363,307 shares in the last quarter. Dodge & Cox raised its stake in shares of International Flavors & Fragrances by 5.5% during the third quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock valued at $2,275,296,000 after purchasing an additional 1,925,251 shares during the period. Finally, First Eagle Investment Management LLC lifted its position in shares of International Flavors & Fragrances by 27.5% during the fourth quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company’s stock worth $595,166,000 after purchasing an additional 1,904,598 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.