Kera Capital Partners Inc. Takes $553,000 Position in International Flavors & Fragrances Inc. $IFF

Kera Capital Partners Inc. acquired a new position in International Flavors & Fragrances Inc. (NYSE:IFF) in the 4th quarter, Holdings Channel.com reports. The firm acquired 7,927 shares of the specialty chemicals company’s stock, valued at approximately $553,000.

A number of other institutional investors also recently bought and sold shares of the stock. Invesco Ltd. lifted its position in International Flavors & Fragrances by 131.3% during the third quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock valued at $441,068,000 after purchasing an additional 4,069,075 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in International Flavors & Fragrances in the fourth quarter worth about $211,703,000. Ameriprise Financial Inc. raised its stake in shares of International Flavors & Fragrances by 1,842.0% in the second quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company’s stock worth $183,264,000 after buying an additional 2,363,307 shares during the period. Dodge & Cox raised its stake in shares of International Flavors & Fragrances by 5.5% in the third quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock worth $2,275,296,000 after buying an additional 1,925,251 shares during the period. Finally, First Eagle Investment Management LLC lifted its position in shares of International Flavors & Fragrances by 27.5% during the 4th quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company’s stock valued at $595,166,000 after buying an additional 1,904,598 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Paul J. Fribourg bought 260,000 shares of the stock in a transaction dated 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 transaction, the director owned 2,682,730 shares of the company’s stock, valued at $199,273,184.40. The trade was a 10.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.07% of the stock is owned by company insiders.

International Flavors & Fragrances Stock Up 0.2%

IFF opened at $76.90 on Friday. The company has a market capitalization of $19.63 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The firm has a 50-day simple moving average of $74.64 and a two-hundred day simple moving average of $72.62. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $84.45.

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

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.1%. International Flavors & Fragrances’s payout ratio is presently 48.93%.

Wall Street Analyst Weigh In

IFF has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday, June 1st. JPMorgan Chase & Co. upped their price target on shares of International Flavors & Fragrances from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Rothschild & Co Redburn reduced their price objective on shares of International Flavors & Fragrances from $74.00 to $71.00 in a research note on Friday, May 8th. BNP Paribas Exane raised their price objective on shares of International Flavors & Fragrances from $85.00 to $95.00 in a research report on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average price target of $91.05.

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.