Bridgefront Capital LLC Makes New $698,000 Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

Bridgefront Capital LLC purchased a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,260 shares of the specialty chemicals company’s stock, valued at approximately $698,000.

Several other large investors also recently bought and sold shares of the business. UMB Bank n.a. boosted its holdings in shares of International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock valued at $123,000 after acquiring an additional 119 shares during the last quarter. Truist Financial Corp grew its holdings in International Flavors & Fragrances by 0.7% during the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock valued at $1,683,000 after buying an additional 129 shares in the last quarter. Wahed Invest LLC grew its stake in International Flavors & Fragrances by 2.1% during the fourth quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company’s stock valued at $536,000 after acquiring an additional 130 shares in the last quarter. United Community Bank increased its stake in International Flavors & Fragrances by 19.4% in the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock worth $78,000 after acquiring an additional 150 shares during the last quarter. Finally, Commerce Bank grew its stake in shares of International Flavors & Fragrances by 3.8% in the 4th quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company’s stock worth $350,000 after buying an additional 152 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O’byrne bought 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the acquisition, the director now directly owns 6,500 shares of the company’s stock, valued at $522,860. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IFF. Mizuho lowered their target price on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Stifel Nicolaus decreased their price target on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Cfra downgraded shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a report on Thursday, February 20th. Barclays decreased their price target on International Flavors & Fragrances from $82.00 to $76.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Finally, Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus price target of $94.54.

International Flavors & Fragrances Stock Up 0.1 %

IFF stock opened at $79.12 on Tuesday. International Flavors & Fragrances Inc. has a one year low of $65.85 and a one year high of $106.77. The company has a 50 day moving average price of $76.86 and a two-hundred day moving average price of $84.21. The stock has a market capitalization of $20.23 billion, a P/E ratio of 84.17, a PEG ratio of 1.45 and a beta of 1.08. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. As a group, sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.02%. International Flavors & Fragrances’s payout ratio is currently 170.21%.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.