ABN Amro Investment Solutions Takes Position in International Flavors & Fragrances Inc. $IFF

ABN Amro Investment Solutions bought a new position in International Flavors & Fragrances Inc. (NYSE:IFF) in the fourth quarter, Holdings Channel.com reports. The firm bought 12,233 shares of the specialty chemicals company’s stock, valued at approximately $824,000.

Other large investors have also added to or reduced their stakes in the company. Tran Capital Management L.P. acquired a new stake in International Flavors & Fragrances during the 4th quarter worth about $21,924,000. JPMorgan Chase & Co. grew its holdings in International Flavors & Fragrances by 28.8% during the third quarter. JPMorgan Chase & Co. now owns 1,098,575 shares of the specialty chemicals company’s stock worth $67,612,000 after acquiring an additional 245,719 shares during the period. Ruffer LLP purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth about $13,552,000. Dodge & Cox boosted its stake in shares of International Flavors & Fragrances by 5.5% during the 3rd quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock worth $2,275,296,000 after acquiring an additional 1,925,251 shares in the last quarter. Finally, Icahn Carl C boosted its stake in shares of International Flavors & Fragrances by 26.7% during the 3rd quarter. Icahn Carl C now owns 4,750,000 shares of the specialty chemicals company’s stock worth $292,315,000 after acquiring an additional 1,000,000 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Up 0.1%

Shares of IFF opened at $75.32 on Monday. The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average is $72.54 and its two-hundred day moving average is $71.28. International Flavors & Fragrances Inc. has a twelve month low of $59.14 and a twelve month high of $84.45. The firm has a market capitalization of $19.23 billion, a P/E ratio of 23.03, a PEG ratio of 1.66 and a beta of 0.93.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results 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 for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the business posted $1.20 earnings per share. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, research analysts predict that International Flavors & Fragrances Inc. will post 4.55 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, June 18th will be given a $0.40 dividend. The ex-dividend date is Thursday, June 18th. This represents a $1.60 annualized dividend and a dividend yield of 2.1%. International Flavors & Fragrances’s dividend payout ratio is currently 48.93%.

Analyst Upgrades and Downgrades

IFF has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of International Flavors & Fragrances from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. increased their price objective on shares of International Flavors & Fragrances from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Rothschild & Co Redburn cut their price target on shares of International Flavors & Fragrances from $74.00 to $71.00 in a report on Friday, May 8th. Citigroup lifted their target price on shares of International Flavors & Fragrances from $90.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, BNP Paribas Exane lifted their target price on shares of International Flavors & Fragrances from $85.00 to $95.00 in a report on Thursday, May 7th. Twelve equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.80.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 142,000 shares of the stock in a transaction dated Thursday, March 12th. The shares were acquired at an average cost of $70.13 per share, for a total transaction of $9,958,460.00. Following the completion of the transaction, the director directly owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.07% of the stock is owned by corporate insiders.

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.