Siemens Fonds Invest GmbH Boosts Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Siemens Fonds Invest GmbH raised its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 19.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,312 shares of the specialty chemicals company’s stock after acquiring an additional 545 shares during the period. Siemens Fonds Invest GmbH’s holdings in International Flavors & Fragrances were worth $280,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IFF. Freemont Capital Pte Ltd purchased a new stake in International Flavors & Fragrances during the fourth quarter valued at about $2,143,882,000. Norges Bank purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter worth about $452,363,000. Dodge & Cox boosted its position in shares of International Flavors & Fragrances by 11.9% in the fourth quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock worth $2,658,063,000 after buying an additional 3,355,381 shares during the period. Van ECK Associates Corp boosted its position in shares of International Flavors & Fragrances by 41.6% in the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock worth $478,912,000 after buying an additional 1,663,629 shares during the period. Finally, Northern Trust Corp boosted its position in shares of International Flavors & Fragrances by 19.9% in the fourth quarter. Northern Trust Corp now owns 3,407,262 shares of the specialty chemicals company’s stock worth $288,084,000 after buying an additional 565,769 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Up 2.0%

Shares of International Flavors & Fragrances stock opened at $77.68 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The business’s 50 day simple moving average is $75.89 and its 200-day simple moving average is $82.55. The stock has a market capitalization of $19.87 billion, a price-to-earnings ratio of 82.64, a PEG ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances Inc. has a twelve month low of $65.85 and a twelve month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.13 EPS. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances’s dividend payout ratio is currently -48.93%.

Analyst Ratings Changes

IFF has been the subject of several analyst reports. Robert W. Baird decreased their target price on International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company decreased their target price on International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Mizuho decreased their target price on International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. UBS Group upped their target price on International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Finally, Morgan Stanley cut their price target on International Flavors & Fragrances from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.54.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, CEO J Erik Fyrwald bought 700 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average cost of $74.00 per share, for a total transaction of $51,800.00. Following the transaction, the chief executive officer now directly owns 37,770 shares in the company, valued at $2,794,980. The trade was a 1.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mehmood Khan bought 4,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average price of $75.33 per share, for a total transaction of $301,320.00. Following the completion of the transaction, the director now owns 4,604 shares in the company, valued at $346,819.32. This trade represents a 662.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 11,200 shares of company stock worth $875,980 in the last three months. 0.20% of the stock is owned by company insiders.

International Flavors & Fragrances Profile

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.