Healthcare of Ontario Pension Plan Trust Fund Purchases 33,833 Shares of International Flavors & Fragrances Inc. $IFF

Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 16.1% during the first quarter, HoldingsChannel.com reports. The firm owned 243,956 shares of the specialty chemicals company’s stock after buying an additional 33,833 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in International Flavors & Fragrances were worth $17,699,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Lloyd Advisory Services LLC. acquired a new position in shares of International Flavors & Fragrances in the 4th quarter worth approximately $27,000. Root Financial Partners LLC boosted its position in International Flavors & Fragrances by 97.9% in the first quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 274 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares during the last quarter. Transamerica Financial Advisors LLC increased its holdings in shares of International Flavors & Fragrances by 884.1% during the second 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 in the last quarter. Finally, Cromwell Holdings LLC increased its holdings in shares of International Flavors & Fragrances by 69.6% during the fourth quarter. Cromwell Holdings LLC now owns 894 shares of the specialty chemicals company’s stock worth $61,000 after buying an additional 367 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $76.42 on Tuesday. 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 firm has a 50 day simple moving average of $76.61 and a 200 day simple moving average of $74.73. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $84.45. The firm has a market cap of $19.51 billion, a P/E ratio of 23.37, a P/E/G ratio of 1.90 and a beta of 0.93.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data 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 the consensus estimate 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 for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 EPS. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.55 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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

Insider Transactions at International Flavors & Fragrances

In other news, Director Paul J. Fribourg purchased 260,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average price of $74.28 per share, for a total transaction of $19,312,800.00. Following the completion of the acquisition, the director directly owned 2,682,730 shares in the company, valued at approximately $199,273,184.40. The trade was a 10.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.07% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

IFF has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on International Flavors & Fragrances from $97.00 to $105.00 in a report on Thursday, May 7th. BNP Paribas Exane lifted their price objective on International Flavors & Fragrances from $85.00 to $95.00 in a research report on Thursday, May 7th. Barclays boosted their price objective on International Flavors & Fragrances from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Benchmark assumed coverage on International Flavors & Fragrances in a research note on Tuesday, June 9th. They issued a “buy” rating and a $100.00 target price for the company. Finally, Rothschild & Co Redburn cut their price target on International Flavors & Fragrances from $74.00 to $71.00 in a report on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.16.

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.