Raiffeisen Bank International AG Takes $4.04 Million Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Raiffeisen Bank International AG purchased a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFFFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 48,119 shares of the specialty chemicals company’s stock, valued at approximately $4,040,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA increased its holdings in shares of International Flavors & Fragrances by 11.1% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock valued at $9,654,000 after acquiring an additional 11,406 shares in the last quarter. Choreo LLC increased its holdings in International Flavors & Fragrances by 55.7% in the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock worth $2,055,000 after buying an additional 8,728 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in International Flavors & Fragrances in the 4th quarter worth about $7,508,000. Regents Gate Capital LLP bought a new stake in International Flavors & Fragrances in the 4th quarter worth about $6,044,000. Finally, Proficio Capital Partners LLC bought a new stake in International Flavors & Fragrances in the 4th quarter worth about $8,099,000. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Trading Up 2.0%

International Flavors & Fragrances stock opened at $76.09 on Friday. International Flavors & Fragrances Inc. has a 52-week low of $65.85 and a 52-week high of $106.77. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The company has a market cap of $19.46 billion, a P/E ratio of 80.95, a P/E/G ratio of 1.45 and a beta of 1.08. The business has a 50-day simple moving average of $75.94 and a two-hundred day simple moving average of $82.95.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share 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 firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the previous year, the firm earned $1.13 EPS. The business’s quarterly revenue was down 1.9% on a year-over-year basis. Analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business 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 dividend of $0.40 per share. The ex-dividend date is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. International Flavors & Fragrances’s payout ratio is currently -48.93%.

Insider Activity

In related news, Director Mehmood Khan acquired 4,000 shares of the stock in a transaction dated Thursday, May 15th. The shares were purchased at an average cost of $75.33 per share, with a total value of $301,320.00. Following the transaction, the director now directly owns 4,604 shares in the company, valued at approximately $346,819.32. This represents a 662.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kevin O’byrne purchased 6,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the acquisition, the director now owns 6,500 shares in the company, valued at $522,860. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,200 shares of company stock valued at $875,980 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. 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 report on Tuesday, April 15th. Citigroup lifted their price objective on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. 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 report on Thursday, February 20th. Finally, Barclays upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $76.00 to $84.00 in a report on Thursday, May 8th. 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.54.

View Our Latest Analysis on IFF

International Flavors & Fragrances Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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