Global Retirement Partners LLC Raises Stock Holdings in International Flavors & Fragrances Inc. $IFF

Global Retirement Partners LLC increased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 1,342.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,912 shares of the specialty chemicals company’s stock after acquiring an additional 8,294 shares during the period. Global Retirement Partners LLC’s holdings in International Flavors & Fragrances were worth $601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of International Flavors & Fragrances by 131.3% during the 3rd quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock valued at $441,068,000 after buying an additional 4,069,075 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of International Flavors & Fragrances by 1,842.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company’s stock valued at $183,264,000 after buying an additional 2,363,307 shares during the last quarter. Dodge & Cox raised 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 valued at $2,275,296,000 after buying an additional 1,925,251 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of International Flavors & Fragrances by 27.5% during the 4th quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company’s stock valued at $595,166,000 after buying an additional 1,904,598 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of International Flavors & Fragrances by 51.4% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,706,279 shares of the specialty chemicals company’s stock valued at $289,624,000 after buying an additional 1,598,266 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Trading Up 1.4%

Shares of International Flavors & Fragrances stock opened at $76.95 on Thursday. The firm has a market capitalization of $19.65 billion, a PE ratio of 23.53, a P/E/G ratio of 1.67 and a beta of 0.93. International Flavors & Fragrances Inc. has a twelve month low of $59.14 and a twelve month high of $84.45. The firm’s 50-day moving average price is $72.91 and its 200 day moving average price is $71.56. The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.17. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.64 billion. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. International Flavors & Fragrances’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company posted $1.20 EPS. On average, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.55 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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

Insiders Place Their Bets

In related news, Director Paul J. Fribourg purchased 142,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were purchased at an average cost of $70.13 per share, with a total value of $9,958,460.00. Following the purchase, the director owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. This represents a 6.23% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays lifted their price objective on International Flavors & Fragrances from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Mizuho lifted their price objective on International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Oppenheimer lifted their price objective on International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Jefferies Financial Group lifted their price objective on International Flavors & Fragrances from $97.00 to $105.00 in a research note on Thursday, May 7th. Finally, BNP Paribas Exane lifted their price objective on International Flavors & Fragrances from $85.00 to $95.00 in a research note on Thursday, May 7th. Twelve analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and a consensus price target of $90.80.

About International Flavors & Fragrances

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.