15,459 Shares in International Flavors & Fragrances Inc. $IFF Bought by Ieq Capital LLC

Ieq Capital LLC acquired a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,459 shares of the specialty chemicals company’s stock, valued at approximately $1,225,000.

A number of other large investors have also modified their holdings of the stock. Lloyd Advisory Services LLC. acquired a new position in shares of International Flavors & Fragrances during the fourth quarter worth $27,000. Root Financial Partners LLC increased its stake in International Flavors & Fragrances by 97.9% during the 1st quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 274 shares during the period. Geneos Wealth Management Inc. boosted its position in 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 buying an additional 210 shares during the last quarter. Transamerica Financial Advisors LLC boosted its position in International Flavors & Fragrances by 884.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after buying an additional 610 shares during the last quarter. Finally, EFG International AG acquired a new stake in International Flavors & Fragrances during the 4th quarter valued at approximately $73,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, CAO Marc Birenkrant sold 1,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $85.00, for a total transaction of $85,000.00. Following the sale, the chief accounting officer owned 3,446 shares in the company, valued at approximately $292,910. The trade was a 22.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Deveau sold 8,825 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $85.55, for a total value of $754,978.75. Following the transaction, the executive vice president directly owned 5,199 shares in the company, valued at $444,774.45. The trade was a 62.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 15,543 shares of company stock worth $1,315,659. 1.07% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

IFF has been the topic of a number of recent analyst reports. Wall Street Zen lowered International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. BNP Paribas Exane upped their price target on shares of International Flavors & Fragrances from $85.00 to $95.00 in a report on Thursday, May 7th. Berenberg Bank increased their price objective on shares of International Flavors & Fragrances from $83.00 to $84.80 and gave the company a “hold” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. boosted their target price on shares of International Flavors & Fragrances from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, UBS Group upped their target price on shares of International Flavors & Fragrances from $84.00 to $91.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.40.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $87.14 on Thursday. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $89.32. The stock’s fifty day moving average is $80.12 and its 200-day moving average is $76.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 2.06. The firm has a market capitalization of $22.23 billion, a price-to-earnings ratio of 79.94, a price-to-earnings-growth ratio of 3.22 and a beta of 0.93.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.25). The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.62 billion. International Flavors & Fragrances had a net margin of 2.78% and a return on equity of 7.11%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.15 earnings per share. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 3.08 EPS for the current year.

International Flavors & Fragrances announced that its board has approved a stock buyback program on Tuesday, August 4th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the specialty chemicals company to purchase up to 12.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.8%. International Flavors & Fragrances’s payout ratio is currently 146.79%.

International Flavors & Fragrances 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.