NewEdge Advisors LLC Purchases 6,505 Shares of International Flavors & Fragrances Inc. $IFF

NewEdge Advisors LLC lifted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 73.0% in the first quarter, HoldingsChannel.com reports. The fund owned 15,413 shares of the specialty chemicals company’s stock after buying an additional 6,505 shares during the period. NewEdge Advisors LLC’s holdings in International Flavors & Fragrances were worth $1,118,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Invesco Ltd. lifted its stake 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 worth $441,068,000 after purchasing an additional 4,069,075 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $211,703,000. Ameriprise Financial Inc. raised its holdings in shares of International Flavors & Fragrances by 1,842.0% during the 2nd 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 in the last quarter. First Eagle Investment Management LLC raised its holdings 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 worth $595,166,000 after buying an additional 1,904,598 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of International Flavors & Fragrances during the 4th quarter worth $113,284,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Buying and Selling at International Flavors & Fragrances

In related 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 acquired 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 directly 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 acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 1.07% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on IFF. Deutsche Bank Aktiengesellschaft decreased their target price on 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. BNP Paribas Exane raised their price target on shares of International Flavors & Fragrances from $85.00 to $95.00 in a research note on Thursday, May 7th. 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. Weiss Ratings raised shares of International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley raised 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 report on Wednesday, July 1st. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.16.

International Flavors & Fragrances Stock Down 0.2%

Shares of NYSE IFF opened at $79.29 on Friday. The company has a 50 day simple moving average of $77.02 and a 200 day simple moving average of $74.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.87. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $84.45. The firm has a market cap of $20.24 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93.

International Flavors & Fragrances (NYSE:IFF) last posted 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. 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 analyst estimates of $2.64 billion. During the same period in the previous year, the firm posted $1.20 EPS. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, research analysts forecast that International Flavors & Fragrances Inc. will post 4.55 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.60 annualized dividend and a dividend yield of 2.0%. International Flavors & Fragrances’s payout ratio is currently 48.93%.

International Flavors & Fragrances 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.