SEB Asset Management AB Purchases Shares of 61,093 International Flavors & Fragrances Inc. $IFF

SEB Asset Management AB acquired a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 61,093 shares of the specialty chemicals company’s stock, valued at approximately $4,432,000.

Other hedge funds have also modified their holdings of the company. Lloyd Advisory Services LLC. acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $27,000. Root Financial Partners LLC boosted its position in shares of International Flavors & Fragrances by 97.9% in the 1st quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 274 shares during the period. Geneos Wealth Management Inc. increased its stake in International Flavors & Fragrances by 55.7% in the 1st 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 in the last quarter. Transamerica Financial Advisors LLC raised its holdings 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 worth $50,000 after buying an additional 610 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in International Flavors & Fragrances by 42.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 239 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group raised their target price on shares of International Flavors & Fragrances from $75.00 to $86.00 in a report on Thursday, May 7th. Benchmark began coverage on shares of International Flavors & Fragrances in a research note on Tuesday, June 9th. They issued a “buy” rating and a $100.00 price objective for the company. Rothschild & Co Redburn lowered their price objective on shares of International Flavors & Fragrances from $74.00 to $71.00 in a research report on Friday, May 8th. Morgan Stanley boosted 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 note on Wednesday, July 1st. Finally, Weiss Ratings upgraded International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average target price of $91.16.

Insider Activity

In other International Flavors & Fragrances news, Director Paul J. Fribourg acquired 260,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average cost of $74.28 per share, for a total transaction of $19,312,800.00. Following the completion of the acquisition, the director owned 2,682,730 shares of the company’s stock, valued at approximately $199,273,184.40. This trade represents a 10.73% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.07% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $77.22 on Thursday. The business’s 50-day moving average is $76.54 and its 200-day moving average is $74.57. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.87. The company has a market capitalization of $19.71 billion, a price-to-earnings ratio of 23.62, a P/E/G ratio of 1.91 and a beta of 0.93. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, beating 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 firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. Equities research analysts expect that International Flavors & Fragrances Inc. will post 4.55 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 48.93%.

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.