A. D. Beadell Investment Counsel Inc. Buys Shares of 14,920 International Flavors & Fragrances Inc. $IFF

A. D. Beadell Investment Counsel Inc. purchased a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) in the first quarter, HoldingsChannel reports. The fund purchased 14,920 shares of the specialty chemicals company’s stock, valued at approximately $1,082,000.

A number of other institutional investors have also modified their holdings of IFF. Invesco Ltd. grew its stake in International Flavors & Fragrances by 131.3% in the 3rd quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock worth $441,068,000 after acquiring an additional 4,069,075 shares during the period. Eurizon Capital SGR S.p.A. purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at $211,703,000. Ameriprise Financial Inc. increased its stake in International Flavors & Fragrances by 1,842.0% in the second quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company’s stock valued at $183,264,000 after purchasing an additional 2,363,307 shares during the last quarter. Dodge & Cox increased its stake in International Flavors & Fragrances by 5.5% in the third quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock valued at $2,275,296,000 after purchasing an additional 1,925,251 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in International Flavors & Fragrances by 27.5% during the fourth quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company’s stock worth $595,166,000 after buying an additional 1,904,598 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Down 1.7%

Shares of IFF stock opened at $74.65 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $84.45. The firm’s 50 day moving average price is $74.74 and its two-hundred day moving average price is $72.74. The stock has a market cap of $19.06 billion, a price-to-earnings ratio of 22.83, a price-to-earnings-growth ratio of 1.76 and a beta of 0.94.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) 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 analyst estimates of $2.64 billion. During the same quarter in the prior year, the business earned $1.20 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, analysts anticipate that International Flavors & Fragrances Inc. will post 4.56 EPS for the current year.

International Flavors & Fragrances Announces Dividend

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

Wall Street Analysts Forecast Growth

IFF has been the subject of several recent analyst reports. Berenberg Bank lifted their price target on International Flavors & Fragrances from $83.00 to $84.80 and gave the company a “hold” rating in a report on Thursday, May 7th. Oppenheimer increased their price objective 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. Weiss Ratings raised shares of International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. BNP Paribas Exane boosted their target price on shares of International Flavors & Fragrances from $85.00 to $95.00 in a report on Thursday, May 7th. Finally, UBS Group upped their price target on shares of International Flavors & Fragrances from $75.00 to $86.00 in a research report on Thursday, May 7th. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average price target of $91.05.

Insider Buying and Selling

In other news, Director Paul J. Fribourg acquired 260,000 shares of the stock in a transaction on Monday, June 1st. The stock was bought at an average price of $74.28 per share, with a total value of $19,312,800.00. Following the completion of the transaction, the director directly owned 2,682,730 shares of the company’s stock, valued at $199,273,184.40. The trade was a 10.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.07% of the company’s stock.

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.