International Flavors & Fragrances Inc. $IFF Shares Acquired by Assetmark Inc.

Assetmark Inc. grew its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 42.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,263 shares of the specialty chemicals company’s stock after acquiring an additional 8,674 shares during the quarter. Assetmark Inc.’s holdings in International Flavors & Fragrances were worth $2,123,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Lloyd Advisory Services LLC. purchased a new stake in International Flavors & Fragrances during the 4th quarter worth approximately $27,000. Root Financial Partners LLC raised its holdings in shares of 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 worth $40,000 after buying an additional 274 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of 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 grew its holdings 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 valued at $50,000 after buying an additional 610 shares during the last quarter. Finally, Cromwell Holdings LLC increased its position in shares of International Flavors & Fragrances by 69.6% in the 4th quarter. Cromwell Holdings LLC now owns 894 shares of the specialty chemicals company’s stock valued at $61,000 after acquiring an additional 367 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at International Flavors & Fragrances

In other news, Director Paul J. Fribourg acquired 260,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of $74.28 per share, with a total value of $19,312,800.00. Following the purchase, the director directly owned 2,682,730 shares of the company’s stock, valued at $199,273,184.40. This trade represents a 10.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.07% of the stock is owned by insiders.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $73.73 on Friday. The stock has a 50-day simple moving average of $76.49 and a two-hundred day simple moving average of $74.61. The firm has a market capitalization of $18.82 billion, a P/E ratio of 22.55, a PEG ratio of 1.93 and a beta of 0.93. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $84.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.49.

International Flavors & Fragrances (NYSE:IFF) last issued its 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 for the quarter, compared to the consensus estimate of $2.64 billion. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.The company’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 earnings per share. On average, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.55 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. BNP Paribas Exane lifted their price target on International Flavors & Fragrances from $85.00 to $95.00 in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on 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. Benchmark assumed coverage on International Flavors & Fragrances in a report on Tuesday, June 9th. They set a “buy” rating and a $100.00 target price for the company. Weiss Ratings upgraded shares of International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Rothschild & Co Redburn reduced their price target on shares of International Flavors & Fragrances from $74.00 to $71.00 in a research report on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average price target of $91.16.

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.