International Flavors & Fragrances Inc (IFF) Shares Bought by Barings LLC

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Barings LLC raised its holdings in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 70.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 30,343 shares of the specialty chemicals company’s stock after acquiring an additional 12,493 shares during the quarter. Barings LLC’s holdings in International Flavors & Fragrances were worth $3,907,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in IFF. Teachers Advisors LLC raised its stake in International Flavors & Fragrances by 111.9% during the 3rd quarter. Teachers Advisors LLC now owns 258,907 shares of the specialty chemicals company’s stock valued at $36,019,000 after buying an additional 136,717 shares during the last quarter. Legal & General Group Plc raised its stake in International Flavors & Fragrances by 13.8% during the 3rd quarter. Legal & General Group Plc now owns 514,121 shares of the specialty chemicals company’s stock valued at $71,543,000 after buying an additional 62,253 shares during the last quarter. Vanguard Group Inc raised its stake in International Flavors & Fragrances by 13.7% during the 3rd quarter. Vanguard Group Inc now owns 10,298,969 shares of the specialty chemicals company’s stock valued at $1,432,792,000 after buying an additional 1,239,892 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in International Flavors & Fragrances by 1.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,377 shares of the specialty chemicals company’s stock valued at $2,333,000 after buying an additional 200 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in International Flavors & Fragrances by 69.8% during the 4th quarter. Bank of Montreal Can now owns 72,129 shares of the specialty chemicals company’s stock valued at $9,684,000 after buying an additional 29,640 shares during the last quarter. 86.46% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Nicolas Mirzayantz sold 3,472 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $136.73, for a total value of $474,726.56. Following the completion of the sale, the insider now directly owns 45,858 shares in the company, valued at approximately $6,270,164.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.39% of the company’s stock.

NYSE:IFF opened at $135.54 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.56 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $14.38 billion, a PE ratio of 21.58 and a beta of 0.77. International Flavors & Fragrances Inc has a one year low of $121.85 and a one year high of $150.57.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.52 by $0.05. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. International Flavors & Fragrances had a return on equity of 12.74% and a net margin of 7.29%. International Flavors & Fragrances’s revenue was up 39.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.79 EPS. Sell-side analysts expect that International Flavors & Fragrances Inc will post 6.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 24th will be paid a $0.73 dividend. The ex-dividend date is Friday, June 21st. This represents a $2.92 annualized dividend and a dividend yield of 2.15%. International Flavors & Fragrances’s dividend payout ratio (DPR) is 46.50%.

IFF has been the subject of a number of research reports. Goldman Sachs Group upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and boosted their target price for the company from $137.00 to $151.00 in a research note on Thursday, March 21st. UBS Group boosted their target price on shares of International Flavors & Fragrances from $168.00 to $172.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Seaport Global Securities initiated coverage on shares of International Flavors & Fragrances in a research note on Thursday, February 21st. They set a “neutral” rating for the company. Finally, Citigroup decreased their target price on shares of International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, February 21st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $148.25.

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International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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

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