International Flavors & Fragrances Inc. $IFF Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 31.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 38,414 shares of the specialty chemicals company’s stock after acquiring an additional 9,087 shares during the quarter. Bleakley Financial Group LLC’s holdings in International Flavors & Fragrances were worth $2,589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in IFF. Lloyd Advisory Services LLC. acquired a new position in International Flavors & Fragrances during the fourth quarter worth approximately $27,000. Geneos Wealth Management Inc. increased its position in 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 buying an additional 210 shares during the period. Transamerica Financial Advisors LLC increased its position in 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 buying an additional 610 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in 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 buying an additional 239 shares during the period. Finally, AlphaQuest LLC increased its position in International Flavors & Fragrances by 1,190.0% during the third quarter. AlphaQuest LLC now owns 903 shares of the specialty chemicals company’s stock worth $56,000 after buying an additional 833 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Buying and Selling

In other news, Director Paul J. Fribourg acquired 142,000 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were purchased at an average price of $70.13 per share, for a total transaction of $9,958,460.00. Following the completion of the purchase, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. 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. UBS Group lifted their target price on International Flavors & Fragrances from $75.00 to $86.00 in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft lifted their target price on International Flavors & Fragrances from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Jefferies Financial Group lifted their target price on International Flavors & Fragrances from $97.00 to $105.00 in a research note on Thursday, May 7th. Finally, Citigroup lifted their target price on International Flavors & Fragrances from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and a consensus target price of $90.80.

International Flavors & Fragrances Stock Up 1.4%

International Flavors & Fragrances stock opened at $76.95 on Thursday. 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 Inc. has a 1-year low of $59.14 and a 1-year high of $84.45. The company has a market cap of $19.65 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 1.67 and a beta of 0.93. The stock’s 50 day moving average price is $72.91 and its 200 day moving average price is $71.56.

International Flavors & Fragrances (NYSE:IFF) last issued 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. The firm 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 was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Thursday, June 18th will be issued 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 is currently 48.93%.

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.