Algert Global LLC Acquires 2,387 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Algert Global LLC grew its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 68.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,887 shares of the specialty chemicals company’s stock after acquiring an additional 2,387 shares during the quarter. Algert Global LLC’s holdings in International Flavors & Fragrances were worth $498,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Compagnie Lombard Odier SCmA increased its holdings in shares of International Flavors & Fragrances by 11.1% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock worth $9,654,000 after acquiring an additional 11,406 shares in the last quarter. Choreo LLC increased its holdings in shares of International Flavors & Fragrances by 55.7% in the fourth quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock worth $2,055,000 after acquiring an additional 8,728 shares in the last quarter. Covea Finance increased its holdings in shares of International Flavors & Fragrances by 79.0% in the fourth quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock worth $10,407,000 after acquiring an additional 54,340 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in shares of International Flavors & Fragrances in the fourth quarter worth about $7,508,000. Finally, S.E.E.D. Planning Group LLC boosted its position in shares of International Flavors & Fragrances by 372.9% during the fourth quarter. S.E.E.D. Planning Group LLC now owns 63,104 shares of the specialty chemicals company’s stock worth $5,335,000 after buying an additional 49,761 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Kevin O’byrne bought 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the purchase, the director now owns 6,500 shares in the company, valued at approximately $522,860. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Erik Fyrwald acquired 700 shares of the stock in a transaction on Thursday, May 8th. The shares were bought at an average price of $74.00 per share, for a total transaction of $51,800.00. Following the purchase, the chief executive officer now owns 37,770 shares in the company, valued at approximately $2,794,980. This trade represents a 1.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF opened at $73.46 on Monday. The stock has a 50 day moving average price of $76.39 and a 200 day moving average price of $83.41. International Flavors & Fragrances Inc. has a 52 week low of $65.85 and a 52 week high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The stock has a market capitalization of $18.79 billion, a PE ratio of 78.15, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the firm posted $1.13 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. Analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be given a $0.40 dividend. The ex-dividend date is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. International Flavors & Fragrances’s payout ratio is -48.93%.

Wall Street Analysts Forecast Growth

IFF has been the subject of several recent research reports. UBS Group upped their price objective on International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Oppenheimer reduced their price objective on International Flavors & Fragrances from $104.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Mizuho reduced their price objective on International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Finally, Bank of America reduced their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $92.69.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.