Pictet Asset Management Holding SA Decreases Stock Holdings in International Flavors & Fragrances Inc. $IFF

Pictet Asset Management Holding SA cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 25.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 635,493 shares of the specialty chemicals company’s stock after selling 213,827 shares during the quarter. Pictet Asset Management Holding SA’s holdings in International Flavors & Fragrances were worth $46,101,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Lloyd Advisory Services LLC. bought a new stake in shares of International Flavors & Fragrances in the 4th quarter worth about $27,000. Geneos Wealth Management Inc. lifted its holdings in shares of 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 valued at $46,000 after acquiring an additional 210 shares during the last quarter. Transamerica Financial Advisors LLC grew its position in International Flavors & Fragrances by 884.1% in the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after acquiring an additional 610 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in International Flavors & Fragrances by 42.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 239 shares during the last quarter. Finally, Cromwell Holdings LLC raised its position in International Flavors & Fragrances by 69.6% during the fourth quarter. Cromwell Holdings LLC now owns 894 shares of the specialty chemicals company’s stock valued at $61,000 after purchasing an additional 367 shares during the period. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

IFF opened at $78.99 on Wednesday. The business has a fifty day moving average of $75.11 and a 200 day moving average of $73.12. The stock has a market cap of $20.17 billion, a P/E ratio of 24.15, a PEG ratio of 1.78 and a beta of 0.94. 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 released its 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. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $1.20 earnings per share. As a group, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.56 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Thursday, June 18th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, June 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.0%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 48.93%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IFF. Jefferies Financial Group lifted their target price on International Flavors & Fragrances from $97.00 to $105.00 in a report on Thursday, May 7th. JPMorgan Chase & Co. raised their price target on International Flavors & Fragrances from $90.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, June 1st. Barclays increased their target price on shares of International Flavors & Fragrances from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Rothschild & Co Redburn dropped their price target on shares of International Flavors & Fragrances from $74.00 to $71.00 in a research note on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.87.

Insider Transactions at International Flavors & Fragrances

In related news, Director Paul J. Fribourg acquired 260,000 shares of the stock in a transaction on Monday, June 1st. The stock was bought at an average cost of $74.28 per share, with a total value of $19,312,800.00. Following the transaction, the director directly owned 2,682,730 shares in the company, valued at approximately $199,273,184.40. This represents a 10.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.07% of the stock is currently owned by company insiders.

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.