Sei Investments Co. Acquires 120,688 Shares of International Flavors & Fragrances Inc. $IFF

Sei Investments Co. lifted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 33.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 477,544 shares of the specialty chemicals company’s stock after buying an additional 120,688 shares during the period. Sei Investments Co.’s holdings in International Flavors & Fragrances were worth $34,647,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Levin Capital Strategies L.P. bought a new position in shares of International Flavors & Fragrances in the first quarter worth about $363,000. First Trust Advisors LP increased its position in International Flavors & Fragrances by 4.9% during the 1st quarter. First Trust Advisors LP now owns 111,240 shares of the specialty chemicals company’s stock worth $8,070,000 after purchasing an additional 5,195 shares in the last quarter. ABN Amro Investment Solutions increased its position in International Flavors & Fragrances by 2.5% during the 1st quarter. ABN Amro Investment Solutions now owns 12,534 shares of the specialty chemicals company’s stock worth $909,000 after purchasing an additional 301 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in International Flavors & Fragrances by 26.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 40,202 shares of the specialty chemicals company’s stock valued at $2,917,000 after purchasing an additional 8,288 shares during the last quarter. Finally, Oslo Pensjonsforsikring AS acquired a new stake in International Flavors & Fragrances in the first quarter valued at approximately $179,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg acquired 260,000 shares of the stock in a transaction dated Monday, June 1st. The stock was purchased at an average cost of $74.28 per share, with a total value of $19,312,800.00. Following the transaction, the director owned 2,682,730 shares in the company, valued at approximately $199,273,184.40. The trade was a 10.73% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IFF. Oppenheimer upped their price target on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. BNP Paribas Exane boosted their price objective on International Flavors & Fragrances from $85.00 to $95.00 in a research report on Thursday, May 7th. Berenberg Bank upped their target price on International Flavors & Fragrances from $83.00 to $84.80 and gave the stock a “hold” rating in a report on Thursday, May 7th. Morgan Stanley lifted their price target on International Flavors & Fragrances from $93.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, June 1st. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.16.

International Flavors & Fragrances Stock Up 0.6%

Shares of NYSE IFF opened at $76.42 on Tuesday. The company’s 50 day moving average price is $76.61 and its 200-day moving average price is $74.73. 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 Inc. has a 52-week low of $59.14 and a 52-week high of $84.45. The company has a market capitalization of $19.51 billion, a P/E ratio of 23.37, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.17. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the company posted $1.20 earnings per share. International Flavors & Fragrances’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities analysts forecast that International Flavors & Fragrances Inc. will post 4.55 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Thursday, June 18th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 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.