Guggenheim Capital LLC Purchases 24,373 Shares of International Flavors & Fragrances Inc (NYSE:IFF)

Guggenheim Capital LLC grew its holdings in International Flavors & Fragrances Inc (NYSE:IFF) by 135.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,429 shares of the specialty chemicals company’s stock after acquiring an additional 24,373 shares during the quarter. Guggenheim Capital LLC’s holdings in International Flavors & Fragrances were worth $4,332,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Optimal Asset Management Inc. grew its stake in shares of International Flavors & Fragrances by 31.6% in the first quarter. Optimal Asset Management Inc. now owns 13,467 shares of the specialty chemicals company’s stock valued at $1,375,000 after acquiring an additional 3,234 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in International Flavors & Fragrances by 52.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 152,718 shares of the specialty chemicals company’s stock valued at $15,589,000 after purchasing an additional 52,252 shares during the period. HighTower Advisors LLC grew its position in shares of International Flavors & Fragrances by 12.0% during the 1st quarter. HighTower Advisors LLC now owns 4,411 shares of the specialty chemicals company’s stock worth $460,000 after purchasing an additional 473 shares in the last quarter. APG Asset Management N.V. increased its holdings in shares of International Flavors & Fragrances by 22.0% during the first quarter. APG Asset Management N.V. now owns 253,630 shares of the specialty chemicals company’s stock worth $25,891,000 after purchasing an additional 45,655 shares during the period. Finally, ZWJ Investment Counsel Inc. increased its holdings in shares of International Flavors & Fragrances by 11.0% during the first quarter. ZWJ Investment Counsel Inc. now owns 144,102 shares of the specialty chemicals company’s stock worth $14,710,000 after purchasing an additional 14,270 shares during the period. Institutional investors and hedge funds own 95.48% of the company’s stock.

A number of brokerages recently issued reports on IFF. UBS Group increased their price target on International Flavors & Fragrances from $154.00 to $156.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Citigroup increased their target price on International Flavors & Fragrances from $113.00 to $133.40 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. BNP Paribas cut International Flavors & Fragrances from a “neutral” rating to an “underperform” rating and set a $111.00 price target on the stock. in a research report on Monday, June 22nd. Cfra upped their price objective on shares of International Flavors & Fragrances from $143.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Exane BNP Paribas lowered shares of International Flavors & Fragrances from a “neutral” rating to an “underperform” rating and set a $111.00 target price on the stock. in a report on Monday, June 22nd. Five analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. International Flavors & Fragrances presently has a consensus rating of “Hold” and a consensus price target of $135.53.

IFF stock opened at $121.88 on Tuesday. The firm has a 50-day moving average price of $129.88 and a 200-day moving average price of $125.98. International Flavors & Fragrances Inc has a 12 month low of $92.14 and a 12 month high of $147.20. The company has a current ratio of 1.98, a quick ratio of 1.22 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $12.72 billion, a P/E ratio of 29.16 and a beta of 1.07.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Monday, May 11th. The specialty chemicals company reported $1.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.03. International Flavors & Fragrances had a net margin of 9.09% and a return on equity of 11.03%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the company earned $1.57 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts predict that International Flavors & Fragrances Inc will post 5.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Thursday, June 25th will be issued a dividend of $0.75 per share. The ex-dividend date is Wednesday, June 24th. This represents a $3.00 annualized dividend and a dividend yield of 2.46%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 48.62%.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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