NewEdge Advisors LLC Has $1.12 Million Stock Holdings in International Flavors & Fragrances Inc. $IFF

NewEdge Advisors LLC lifted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 73.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,413 shares of the specialty chemicals company’s stock after purchasing an additional 6,505 shares during the period. NewEdge Advisors LLC’s holdings in International Flavors & Fragrances were worth $1,118,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in International Flavors & Fragrances by 5.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock valued at $2,042,000 after acquiring an additional 1,335 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of International Flavors & Fragrances by 15.7% during the 1st quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock worth $309,000 after purchasing an additional 539 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of International Flavors & Fragrances by 71.5% in the 1st quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock valued at $811,000 after purchasing an additional 4,358 shares during the period. Focus Partners Wealth lifted its stake in International Flavors & Fragrances by 25.5% in the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock valued at $584,000 after purchasing an additional 1,530 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in International Flavors & Fragrances by 55.7% during the first 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 during the period. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $79.29 on Friday. The stock has a 50 day simple moving average of $77.02 and a 200 day simple moving average of $74.99. The stock has a market cap of $20.24 billion, a P/E ratio of 24.25, a PEG ratio of 1.98 and a beta of 0.93. International Flavors & Fragrances Inc. has a 1-year low of $59.14 and a 1-year high of $84.45. 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 (NYSE:IFF) last issued its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.17. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the firm posted $1.20 EPS. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.55 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.0%. International Flavors & Fragrances’s payout ratio is currently 48.93%.

Insider Activity at International Flavors & Fragrances

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IFF. Oppenheimer boosted their price target on International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. UBS Group lifted their target price on International Flavors & Fragrances from $75.00 to $86.00 in a research note on Thursday, May 7th. Argus boosted their target price on International Flavors & Fragrances from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Weiss Ratings upgraded International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday, June 1st. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.16.

International Flavors & Fragrances Company 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.