Deprince Race & Zollo Inc. Has $37.24 Million Stock Position in International Flavors & Fragrances Inc. $IFF

Deprince Race & Zollo Inc. lowered its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 5.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 513,376 shares of the specialty chemicals company’s stock after selling 31,348 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in International Flavors & Fragrances were worth $37,245,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Lloyd Advisory Services LLC. acquired a new stake in International Flavors & Fragrances in the fourth quarter worth about $27,000. Geneos Wealth Management Inc. lifted its position in International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares during the period. Transamerica Financial Advisors LLC lifted its position in International Flavors & Fragrances by 884.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after purchasing an additional 610 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of International Flavors & Fragrances by 42.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 239 shares during the last quarter. Finally, Cromwell Holdings LLC grew its position in shares of International Flavors & Fragrances by 69.6% during the 4th quarter. Cromwell Holdings LLC now owns 894 shares of the specialty chemicals company’s stock worth $61,000 after buying an additional 367 shares during the period. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

IFF has been the subject of a number of recent research reports. Oppenheimer boosted their price target on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. UBS Group lifted their target price on shares of International Flavors & Fragrances from $75.00 to $86.00 in a report on Thursday, May 7th. Morgan Stanley upped their target price on shares of International Flavors & Fragrances from $93.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday. Benchmark initiated coverage on International Flavors & Fragrances in a research note on Tuesday, June 9th. They issued a “buy” rating and a $100.00 price target on the stock. Finally, Rothschild & Co Redburn reduced their price target on International Flavors & Fragrances from $74.00 to $71.00 in a research report on Friday, May 8th. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus price target of $91.16.

Insider Activity

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 260,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were bought at an average price of $74.28 per share, with a total value of $19,312,800.00. Following the completion of the transaction, the director directly owned 2,682,730 shares in the company, valued at $199,273,184.40. This trade represents a 10.73% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.07% of the stock is owned by company insiders.

International Flavors & Fragrances Stock Up 2.5%

Shares of NYSE IFF opened at $81.21 on Thursday. International Flavors & Fragrances Inc. has a 52-week low of $59.14 and a 52-week high of $84.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.49. The stock has a market cap of $20.73 billion, a P/E ratio of 24.83, a P/E/G ratio of 1.84 and a beta of 0.93. The firm has a 50 day moving average price of $75.25 and a 200 day moving average price of $73.25.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period last year, the firm posted $1.20 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. Analysts expect that International Flavors & Fragrances Inc. will post 4.56 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, June 18th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, June 18th. International Flavors & Fragrances’s payout ratio is presently 48.93%.

International Flavors & Fragrances Company Profile

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.