Bridgefront Capital LLC Purchases New Shares in International Flavors & Fragrances Inc. $IFF

Bridgefront Capital LLC acquired a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 33,808 shares of the specialty chemicals company’s stock, valued at approximately $2,081,000. International Flavors & Fragrances accounts for about 0.6% of Bridgefront Capital LLC’s holdings, making the stock its 12th biggest holding.

A number of other hedge funds have also bought and sold shares of IFF. True Wealth Design LLC boosted its stake in shares of International Flavors & Fragrances by 896.4% during the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 493 shares during the period. Geneos Wealth Management Inc. lifted its stake in International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 210 shares during the last quarter. Elkhorn Partners Limited Partnership lifted its stake in International Flavors & Fragrances by 200.0% in the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 400 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of International Flavors & Fragrances during the second quarter valued at approximately $49,000. Finally, Transamerica Financial Advisors LLC grew its stake 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. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of IFF stock opened at $69.58 on Friday. International Flavors & Fragrances Inc. has a twelve month low of $59.14 and a twelve month high of $84.45. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $74.52 and a two-hundred day simple moving average of $68.18. The stock has a market capitalization of $17.78 billion, a price-to-earnings ratio of -50.79, a P/E/G ratio of 1.82 and a beta of 0.99.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.05). International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the business posted $0.97 EPS. The business’s quarterly revenue was down 6.6% on a year-over-year basis. On average, analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.3%. International Flavors & Fragrances’s payout ratio is currently -116.79%.

Analyst Ratings Changes

A number of brokerages recently issued reports on IFF. Citigroup raised their price target on International Flavors & Fragrances from $83.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Wells Fargo & Company increased their target price on International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft lifted their target price on International Flavors & Fragrances from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Weiss Ratings restated a “sell (d-)” rating on shares of International Flavors & Fragrances in a report on Monday, December 29th. Finally, Bank of America raised their price target on shares of International Flavors & Fragrances from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Thirteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.09.

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.