Kera Capital Partners Inc. Acquires Shares of 7,927 International Flavors & Fragrances Inc. $IFF

Kera Capital Partners Inc. acquired a new position in International Flavors & Fragrances Inc. (NYSE:IFF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,927 shares of the specialty chemicals company’s stock, valued at approximately $553,000.

A number of other large investors have also recently modified their holdings of the stock. Lloyd Advisory Services LLC. purchased a new stake in International Flavors & Fragrances in the fourth quarter worth $27,000. Geneos Wealth Management Inc. boosted its position 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 purchasing an additional 210 shares in the last quarter. Transamerica Financial Advisors LLC boosted 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 worth $50,000 after purchasing an additional 610 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of International Flavors & Fragrances by 42.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 239 shares during the last quarter. Finally, Cromwell Holdings LLC increased its position in International Flavors & Fragrances by 69.6% during the 4th quarter. Cromwell Holdings LLC now owns 894 shares of the specialty chemicals company’s stock valued at $61,000 after buying an additional 367 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Up 0.2%

Shares of IFF stock opened at $76.90 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $84.45. The stock has a market capitalization of $19.63 billion, a P/E ratio of 23.52, a P/E/G ratio of 1.78 and a beta of 0.94. The firm’s 50 day moving average is $74.64 and its 200 day moving average is $72.62.

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

International Flavors & Fragrances Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on IFF. Benchmark started coverage on International Flavors & Fragrances in a research note on Tuesday, June 9th. They set a “buy” rating and a $100.00 price objective for the company. BNP Paribas Exane raised their price target on International Flavors & Fragrances from $85.00 to $95.00 in a report on Thursday, May 7th. Weiss Ratings raised International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Oppenheimer upped their price target on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, UBS Group increased their price objective on shares of International Flavors & Fragrances from $75.00 to $86.00 in a research report on Thursday, May 7th. Thirteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.05.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg bought 260,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were acquired at an average cost of $74.28 per share, with a total value of $19,312,800.00. Following the completion of the transaction, the director owned 2,682,730 shares of the company’s stock, valued at approximately $199,273,184.40. This trade represents a 10.73% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.07% of the company’s stock.

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.