Inceptionr LLC Raises Stake in International Flavors & Fragrances Inc. $IFF

Inceptionr LLC increased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 144.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 18,407 shares of the specialty chemicals company’s stock after purchasing an additional 10,883 shares during the period. Inceptionr LLC’s holdings in International Flavors & Fragrances were worth $1,240,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Invesco Ltd. raised its holdings in shares of International Flavors & Fragrances by 131.3% in the 3rd quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock valued at $441,068,000 after acquiring an additional 4,069,075 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at about $211,703,000. Ameriprise Financial Inc. raised its holdings in shares of International Flavors & Fragrances by 1,842.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company’s stock valued at $183,264,000 after acquiring an additional 2,363,307 shares in the last quarter. Dodge & Cox raised its holdings in shares of International Flavors & Fragrances by 5.5% in the 3rd quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock valued at $2,275,296,000 after acquiring an additional 1,925,251 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of International Flavors & Fragrances by 27.5% in the 4th quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company’s stock valued at $595,166,000 after acquiring an additional 1,904,598 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $74.39 on Thursday. The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $18.99 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 1.76 and a beta of 0.94. The business’s 50-day moving average price is $73.91 and its 200-day moving average price is $72.22. International Flavors & Fragrances Inc. has a 12 month low of $59.14 and a 12 month high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.08 by $0.17. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.64 billion. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.The company’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.20 EPS. Sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.56 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, June 18th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, June 18th. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. International Flavors & Fragrances’s dividend payout ratio is 48.93%.

Insider Activity at International Flavors & Fragrances

In related news, Director Paul J. Fribourg purchased 260,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average cost of $74.28 per share, for a total transaction of $19,312,800.00. Following the transaction, the director directly owned 2,682,730 shares in the company, valued at $199,273,184.40. The trade was a 10.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Jefferies Financial Group raised their price target on International Flavors & Fragrances from $97.00 to $105.00 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 report on Wednesday, May 6th. Wells Fargo & Company raised their price target on International Flavors & Fragrances from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Mizuho raised their price target on International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Finally, Oppenheimer raised their price target on International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and a consensus target price of $91.05.

About International Flavors & Fragrances

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.