Fjarde AP Fonden Fourth Swedish National Pension Fund Has $2.58 Million Stake in International Flavors & Fragrances Inc. $IFF

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 295.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 35,609 shares of the specialty chemicals company’s stock after purchasing an additional 26,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in International Flavors & Fragrances were worth $2,583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Lloyd Advisory Services LLC. acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $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 valued at $40,000 after purchasing an additional 274 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in International Flavors & Fragrances by 55.7% in 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 period. Transamerica Financial Advisors LLC boosted its position 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 worth $50,000 after purchasing an additional 610 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of International Flavors & Fragrances by 42.8% during 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 in the last quarter. 96.02% of the stock is owned by institutional investors.

Insider Buying and Selling 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 shares were bought at an average cost of $74.28 per share, for a total transaction of $19,312,800.00. Following the completion of the acquisition, the director directly owned 2,682,730 shares of the company’s stock, valued at approximately $199,273,184.40. This trade represents a 10.73% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.07% of the stock is owned by corporate insiders.

International Flavors & Fragrances Stock Performance

IFF opened at $82.81 on Tuesday. The company has a market capitalization of $21.14 billion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 1.95 and a beta of 0.93. The business’s 50-day moving average price is $75.96 and its two-hundred day moving average price is $73.65. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $84.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.87.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data 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. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.64 billion. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.International Flavors & Fragrances’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. Equities analysts expect that International Flavors & Fragrances Inc. will post 4.55 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders 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 yield of 1.9%. International Flavors & Fragrances’s dividend payout ratio is 48.93%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Jefferies Financial Group upped their price objective on shares of International Flavors & Fragrances from $97.00 to $105.00 in a research report on Thursday, May 7th. Barclays increased their price target on International Flavors & Fragrances from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Morgan Stanley raised their price target on International Flavors & Fragrances from $93.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Argus boosted their price objective on International Flavors & Fragrances from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Finally, Rothschild & Co Redburn lowered their target price on International Flavors & Fragrances from $74.00 to $71.00 in a research note on Friday, May 8th. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.16.

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.