Elevation Point Wealth Partners LLC Makes New $993,000 Investment in International Flavors & Fragrances Inc. $IFF

Elevation Point Wealth Partners LLC bought a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the first quarter, HoldingsChannel.com reports. The fund bought 13,671 shares of the specialty chemicals company’s stock, valued at approximately $993,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of IFF. Lloyd Advisory Services LLC. purchased a new position in International Flavors & Fragrances during the 4th quarter valued at $27,000. Root Financial Partners LLC increased its stake in International Flavors & Fragrances by 97.9% in the first quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 274 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 210 shares during the last quarter. Transamerica Financial Advisors LLC boosted its stake in shares of International Flavors & Fragrances by 884.1% during the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after purchasing an additional 610 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of International Flavors & Fragrances by 42.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 239 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on IFF shares. Barclays boosted their price objective on shares of International Flavors & Fragrances from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Benchmark started coverage on shares of International Flavors & Fragrances in a research note on Tuesday, June 9th. They set a “buy” rating and a $100.00 price target for the company. Citigroup dropped their price objective on International Flavors & Fragrances from $96.00 to $88.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. JPMorgan Chase & Co. raised their price objective on International Flavors & Fragrances from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, Oppenheimer upped their target price on International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.16.

International Flavors & Fragrances Trading Down 1.2%

Shares of NYSE IFF opened at $82.81 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.87. The stock has a market capitalization of $21.14 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. International Flavors & Fragrances Inc. has a 1-year low of $59.14 and a 1-year high of $84.45. The business has a fifty day moving average price of $75.96 and a 200 day moving average price of $73.65.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the company posted $1.20 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. Equities research analysts expect that International Flavors & Fragrances Inc. will post 4.55 EPS 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 dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.9%. International Flavors & Fragrances’s dividend payout ratio is presently 48.93%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg acquired 260,000 shares of the stock in a transaction dated Monday, June 1st. The stock was purchased at an average price of $74.28 per share, with a total value of $19,312,800.00. Following the transaction, the director directly owned 2,682,730 shares of the company’s stock, valued at $199,273,184.40. This trade represents a 10.73% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate 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.