International Flavors & Fragrances Inc. $IFF Shares Sold by Weiss Asset Management LP

Weiss Asset Management LP lessened its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 78.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,200 shares of the specialty chemicals company’s stock after selling 105,100 shares during the period. Weiss Asset Management LP’s holdings in International Flavors & Fragrances were worth $2,118,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Lloyd Advisory Services LLC. acquired a new stake in International Flavors & Fragrances in the 4th quarter valued at $27,000. Root Financial Partners LLC raised its position in International Flavors & Fragrances by 97.9% in the first quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 274 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 210 shares in the last quarter. Transamerica Financial Advisors LLC boosted its position in shares of International Flavors & Fragrances by 884.1% in the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after buying an additional 610 shares during the period. Finally, Cromwell Holdings LLC boosted its position in shares of International Flavors & Fragrances by 69.6% in the fourth quarter. Cromwell Holdings LLC now owns 894 shares of the specialty chemicals company’s stock worth $61,000 after buying an additional 367 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Argus raised their target price on International Flavors & Fragrances from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Barclays upped their price target on International Flavors & Fragrances from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Citigroup lowered their price objective on shares of International Flavors & Fragrances from $96.00 to $88.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Morgan Stanley boosted their target price on shares of International Flavors & Fragrances from $93.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and a consensus target price of $91.16.

Insiders Place Their Bets

In related news, Director Paul J. Fribourg bought 260,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was bought at an average price of $74.28 per share, with a total value of $19,312,800.00. Following the transaction, the director owned 2,682,730 shares of the company’s stock, valued at approximately $199,273,184.40. This trade represents a 10.73% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.07% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $75.99 on Monday. The firm has a market cap of $19.40 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 1.90 and a beta of 0.93. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $76.55 and its two-hundred day moving average is $74.67. International Flavors & Fragrances Inc. has a 52-week low of $59.14 and a 52-week high of $84.45.

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, topping analysts’ consensus estimates of $1.08 by $0.17. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 earnings per share. Analysts forecast that International Flavors & Fragrances Inc. will post 4.55 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, June 18th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 48.93%.

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.