BW Gestao de Investimentos Ltda. Increases Holdings in International Flavors & Fragrances Inc. $IFF

BW Gestao de Investimentos Ltda. lifted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 18.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 254,304 shares of the specialty chemicals company’s stock after purchasing an additional 38,749 shares during the period. BW Gestao de Investimentos Ltda.’s holdings in International Flavors & Fragrances were worth $17,138,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. DNB Asset Management AS lifted its holdings in International Flavors & Fragrances by 0.3% during the fourth quarter. DNB Asset Management AS now owns 53,741 shares of the specialty chemicals company’s stock worth $3,622,000 after buying an additional 139 shares during the period. Rafferty Asset Management LLC boosted its holdings in International Flavors & Fragrances by 0.7% in the third quarter. Rafferty Asset Management LLC now owns 21,837 shares of the specialty chemicals company’s stock valued at $1,344,000 after purchasing an additional 158 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in International Flavors & Fragrances by 6.1% in the third quarter. Clearstead Advisors LLC now owns 3,021 shares of the specialty chemicals company’s stock valued at $186,000 after purchasing an additional 173 shares during the last quarter. Parr Mcknight Wealth Management Group LLC boosted its stake in shares of International Flavors & Fragrances by 0.9% during the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 23,129 shares of the specialty chemicals company’s stock worth $1,423,000 after acquiring an additional 199 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in shares of International Flavors & Fragrances by 0.3% during the 4th quarter. State of Michigan Retirement System now owns 69,515 shares of the specialty chemicals company’s stock worth $4,685,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Rothschild & Co Redburn cut their price objective on shares of International Flavors & Fragrances from $74.00 to $71.00 in a report on Friday, May 8th. Jefferies Financial Group raised their price target on shares of International Flavors & Fragrances from $97.00 to $105.00 in a report on Thursday, May 7th. Oppenheimer raised their price target 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. Finally, Berenberg Bank increased their price objective on shares of International Flavors & Fragrances from $83.00 to $84.80 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.49.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $74.23 on Tuesday. The company’s fifty day moving average price is $73.32 and its 200 day moving average price is $71.83. International Flavors & Fragrances Inc. has a 12 month low of $59.14 and a 12 month 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. The firm has a market capitalization of $18.95 billion, a P/E ratio of 22.70, a P/E/G ratio of 1.67 and a beta of 0.94.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 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 firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period last year, the business earned $1.20 EPS. International Flavors & Fragrances’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.57 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, June 18th will be paid a $0.40 dividend. The ex-dividend date is Thursday, June 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. International Flavors & Fragrances’s payout ratio is currently 48.93%.

Insider Buying and Selling

In other International Flavors & Fragrances news, Director Paul J. Fribourg acquired 142,000 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of $70.13 per share, for a total transaction of $9,958,460.00. Following the completion of the purchase, the director owned 2,422,730 shares in the company, valued at $169,906,054.90. This trade represents a 6.23% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.07% of the company’s stock.

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.