Price T Rowe Associates Inc. MD Boosts Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Price T Rowe Associates Inc. MD boosted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,895,581 shares of the specialty chemicals company’s stock after buying an additional 162,179 shares during the period. Price T Rowe Associates Inc. MD owned 0.74% of International Flavors & Fragrances worth $163,003,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. LRI Investments LLC purchased a new stake in shares of International Flavors & Fragrances in the first quarter valued at approximately $83,000. OLD Mission Capital LLC purchased a new stake in shares of International Flavors & Fragrances in the first quarter valued at approximately $4,665,000. EntryPoint Capital LLC purchased a new stake in shares of International Flavors & Fragrances in the first quarter valued at approximately $56,000. CANADA LIFE ASSURANCE Co grew its position in shares of International Flavors & Fragrances by 9.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 255,849 shares of the specialty chemicals company’s stock valued at $22,002,000 after purchasing an additional 22,398 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in shares of International Flavors & Fragrances by 13.0% in the first quarter. Bessemer Group Inc. now owns 2,746 shares of the specialty chemicals company’s stock valued at $236,000 after purchasing an additional 315 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 transaction of $247,568.08. Following the completion of the sale, the insider now directly owns 8,539 shares in the company, valued at approximately $816,840.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF traded up $0.23 during midday trading on Monday, reaching $99.07. 318,096 shares of the company were exchanged, compared to its average volume of 1,844,024. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. International Flavors & Fragrances Inc. has a 1 year low of $62.11 and a 1 year high of $99.91. The stock has a fifty day simple moving average of $96.45 and a 200 day simple moving average of $87.94. The stock has a market cap of $25.30 billion, a P/E ratio of -10.12, a PEG ratio of 1.95 and a beta of 1.26.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.27. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.78 billion. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.87 earnings per share. On average, research analysts forecast that International Flavors & Fragrances Inc. will post 3.98 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st were given a dividend of $0.40 per share. The ex-dividend date was Friday, June 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. International Flavors & Fragrances’s payout ratio is -16.38%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on IFF shares. Oppenheimer started coverage on International Flavors & Fragrances in a research report on Friday, June 7th. They issued an “outperform” rating and a $116.00 price target for the company. Citigroup increased their price objective on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Wells Fargo & Company increased their price objective on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. Robert W. Baird increased their price objective on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Finally, Barclays increased their price objective on International Flavors & Fragrances from $82.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Hold” and an average price target of $98.33.

About International Flavors & Fragrances

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.