Ontario Teachers Pension Plan Board Takes Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Ontario Teachers Pension Plan Board purchased a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the first quarter, HoldingsChannel.com reports. The fund purchased 11,075 shares of the specialty chemicals company’s stock, valued at approximately $952,000.

Other institutional investors have also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC boosted its holdings in shares of International Flavors & Fragrances by 3,000.0% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. Riverview Trust Co purchased a new stake in shares of International Flavors & Fragrances during the 1st quarter valued at about $27,000. Quent Capital LLC boosted its holdings in shares of International Flavors & Fragrances by 183.2% during the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 240 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of International Flavors & Fragrances in the fourth quarter worth approximately $41,000. Finally, Principal Securities Inc. purchased a new position in shares of International Flavors & Fragrances in the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider Angela Strzelecki sold 2,588 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $95.66, for a total value of $247,568.08. Following the transaction, the insider now owns 8,539 shares of the company’s stock, valued at approximately $816,840.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on IFF. JPMorgan Chase & Co. raised shares of International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $75.00 to $100.00 in a report on Wednesday, May 8th. Citigroup raised their price objective on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Morgan Stanley lifted their price target on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a report on Wednesday, July 3rd. Robert W. Baird lifted their price objective on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Finally, Barclays lifted their price objective on shares of International Flavors & Fragrances from $82.00 to $93.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $98.33.

International Flavors & Fragrances Stock Up 2.6 %

IFF traded up $2.47 on Monday, reaching $98.14. The company’s stock had a trading volume of 1,022,354 shares, compared to its average volume of 1,877,367. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. International Flavors & Fragrances Inc. has a fifty-two week low of $62.11 and a fifty-two week high of $99.91. The stock has a 50 day moving average of $96.37 and a two-hundred day moving average of $87.30. The company has a market capitalization of $25.06 billion, a price-to-earnings ratio of -9.79, a P/E/G ratio of 1.89 and a beta of 1.26.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.86 by $0.27. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 earnings per share. As a group, analysts forecast that International Flavors & Fragrances Inc. will post 3.97 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 21st were issued a dividend of $0.40 per share. The ex-dividend date was Friday, June 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.63%. International Flavors & Fragrances’s payout ratio is currently -16.38%.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.