Wealthfront Advisers LLC Boosts Holdings in International Flavors & Fragrances Inc. $IFF

Wealthfront Advisers LLC grew its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 129.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,434 shares of the specialty chemicals company’s stock after acquiring an additional 8,130 shares during the quarter. Wealthfront Advisers LLC’s holdings in International Flavors & Fragrances were worth $973,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. True Wealth Design LLC raised its stake in shares of International Flavors & Fragrances by 896.4% during the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 493 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 210 shares during the period. Transamerica Financial Advisors LLC boosted its holdings in International Flavors & Fragrances by 884.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after acquiring an additional 610 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in International Flavors & Fragrances by 42.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 239 shares during the period. Finally, AlphaQuest LLC boosted its holdings in International Flavors & Fragrances by 1,190.0% during the 3rd quarter. AlphaQuest LLC now owns 903 shares of the specialty chemicals company’s stock valued at $56,000 after acquiring an additional 833 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Up 0.1%

Shares of NYSE IFF opened at $70.91 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $84.45. The firm’s fifty day moving average is $72.99 and its 200 day moving average is $70.07. The company has a market cap of $18.11 billion, a price-to-earnings ratio of -51.76, a PEG ratio of 1.91 and a beta of 0.93.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 earnings per share. On average, equities research analysts expect that International Flavors & Fragrances Inc. will post 4.42 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders 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 2.3%. The ex-dividend date of this dividend is Thursday, June 18th. International Flavors & Fragrances’s payout ratio is presently -116.79%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IFF. Barclays dropped their target price on International Flavors & Fragrances from $91.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. UBS Group decreased their target price on shares of International Flavors & Fragrances from $85.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Argus lifted their target price on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Wall Street Zen raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, January 4th. Finally, Mizuho lifted their target price on shares of International Flavors & Fragrances from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.50.

Insider Transactions at International Flavors & Fragrances

In related news, Director Paul J. Fribourg acquired 142,000 shares of International Flavors & Fragrances stock in a transaction on Thursday, March 12th. The shares were acquired at an average cost of $70.13 per share, with a total value of $9,958,460.00. Following the transaction, the director owned 2,422,730 shares in the company, valued at $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.07% of the company’s stock.

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.