44 Wealth Management LLC Buys Shares of 7,508 International Flavors & Fragrances Inc. $IFF

44 Wealth Management LLC purchased a new position in International Flavors & Fragrances Inc. (NYSE:IFF) during the fourth quarter, HoldingsChannel reports. The firm purchased 7,508 shares of the specialty chemicals company’s stock, valued at approximately $506,000.

Several other large investors also recently modified their holdings of IFF. Dodge & Cox lifted its holdings 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 acquiring an additional 1,925,251 shares during the period. Vanguard Group Inc. boosted its stake in shares of International Flavors & Fragrances by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 31,133,186 shares of the specialty chemicals company’s stock worth $1,915,936,000 after acquiring an additional 252,983 shares during the last quarter. State Street Corp lifted its position in International Flavors & Fragrances by 0.8% during the third quarter. State Street Corp now owns 10,971,108 shares of the specialty chemicals company’s stock valued at $679,460,000 after purchasing an additional 86,134 shares in the last quarter. First Eagle Investment Management LLC grew its holdings 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 valued at $595,166,000 after purchasing an additional 1,904,598 shares during the period. Finally, Invesco Ltd. raised its stake in shares of International Flavors & Fragrances by 131.3% in the third quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock worth $441,068,000 after buying an additional 4,069,075 shares during the period. 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 Tuesday. The company’s fifty day simple moving average is $72.65 and its 200-day simple moving average is $71.37. The company has a market cap of $19.23 billion, a P/E ratio of 23.03, a P/E/G ratio of 1.66 and a beta of 0.93. 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 Inc. has a twelve month low of $59.14 and a twelve month high of $84.45.

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

International Flavors & Fragrances Announces Dividend

The firm 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, June 18th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 48.93%.

Analyst Ratings Changes

A number of equities research analysts have commented on IFF shares. Rothschild & Co Redburn decreased their target price on shares of International Flavors & Fragrances from $74.00 to $71.00 in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft upped their target price on shares of International Flavors & Fragrances from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Weiss Ratings upgraded International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Barclays lifted their target price 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. Finally, Citigroup boosted their target price on shares of International Flavors & Fragrances from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.80.

Insider Buying and Selling

In other International Flavors & Fragrances news, Director Paul J. Fribourg acquired 142,000 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were bought at an average price of $70.13 per share, with a total value of $9,958,460.00. Following the transaction, the director directly owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. The trade was a 6.23% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.07% of the stock is owned by company 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.