SG Americas Securities LLC Buys 86,963 Shares of International Flavors & Fragrances Inc. $IFF

SG Americas Securities LLC lifted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 62.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,822 shares of the specialty chemicals company’s stock after buying an additional 86,963 shares during the quarter. SG Americas Securities LLC’s holdings in International Flavors & Fragrances were worth $16,456,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IFF. Lloyd Advisory Services LLC. bought a new stake in International Flavors & Fragrances during the fourth quarter worth $27,000. Geneos Wealth Management Inc. grew its position in shares of International Flavors & Fragrances by 55.7% in 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 increased its stake in shares of 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 worth $50,000 after purchasing an additional 610 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of 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 worth $54,000 after purchasing an additional 239 shares during the last quarter. Finally, Cromwell Holdings LLC raised its holdings in shares of International Flavors & Fragrances by 69.6% in the 4th quarter. Cromwell Holdings LLC now owns 894 shares of the specialty chemicals company’s stock valued at $61,000 after purchasing an additional 367 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg purchased 260,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average cost of $74.28 per share, with a total value of $19,312,800.00. Following the acquisition, the director owned 2,682,730 shares in the company, valued at approximately $199,273,184.40. This trade represents a 10.73% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.07% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $74.87 on Friday. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $84.45. The company has a market capitalization of $19.11 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 1.76 and a beta of 0.94. The company has a 50-day simple moving average of $74.86 and a 200 day simple moving average of $72.86. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.49.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share 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 analysts’ expectations of $2.64 billion. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. On average, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.56 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, June 18th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, June 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. International Flavors & Fragrances’s dividend payout ratio (DPR) is 48.93%.

Wall Street Analyst Weigh In

IFF has been the subject of a number of research analyst reports. Berenberg Bank lifted their price target on International Flavors & Fragrances from $83.00 to $84.80 and gave the stock a “hold” rating in a report on Thursday, May 7th. Oppenheimer upped their price objective on International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Jefferies Financial Group raised their price objective on International Flavors & Fragrances from $97.00 to $105.00 in a research report on Thursday, May 7th. Citigroup reduced their target price on International Flavors & Fragrances from $96.00 to $88.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Benchmark started coverage on International Flavors & Fragrances in a research note on Tuesday, June 9th. They issued a “buy” rating and a $100.00 price target on the stock. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $90.58.

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.