Bleakley Financial Group LLC Purchases 9,835 Shares of International Flavors & Fragrances Inc. $IFF

Bleakley Financial Group LLC lifted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 25.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,249 shares of the specialty chemicals company’s stock after buying an additional 9,835 shares during the period. Bleakley Financial Group LLC’s holdings in International Flavors & Fragrances were worth $3,500,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in International Flavors & Fragrances by 5.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock worth $2,042,000 after acquiring an additional 1,335 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of International Flavors & Fragrances by 15.7% in the first quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock worth $309,000 after purchasing an additional 539 shares in the last quarter. Empowered Funds LLC boosted its holdings in International Flavors & Fragrances by 71.5% during the first quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock worth $811,000 after purchasing an additional 4,358 shares during the last quarter. Focus Partners Wealth increased its stake in International Flavors & Fragrances by 25.5% in the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock valued at $584,000 after buying an additional 1,530 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in International Flavors & Fragrances by 55.7% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 260,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average cost of $74.28 per share, with a total value of $19,312,800.00. Following the completion of the transaction, the director owned 2,682,730 shares in the company, valued at $199,273,184.40. The trade was a 10.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Citigroup decreased their price objective on International Flavors & Fragrances from $96.00 to $88.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Argus raised their price target on International Flavors & Fragrances from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Rothschild & Co Redburn lowered their price target on International Flavors & Fragrances from $74.00 to $71.00 in a research report on Friday, May 8th. Oppenheimer upped their price objective on International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.16.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $75.39 on Thursday. The company has a market capitalization of $19.25 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 1.74 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 12 month low of $59.14 and a 12 month high of $84.45. The stock’s 50 day moving average is $76.69 and its 200-day moving average is $74.23.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results 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 business 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%.The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $1.20 EPS. Equities research analysts expect that International Flavors & Fragrances Inc. will post 4.55 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, June 18th were paid a $0.40 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.60 annualized dividend and a dividend yield of 2.1%. International Flavors & Fragrances’s dividend payout ratio is 48.93%.

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.