River Global Investors LLP Purchases New Position in International Flavors & Fragrances Inc. (NYSE:IFF)

River Global Investors LLP acquired a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,128 shares of the specialty chemicals company’s stock, valued at approximately $1,026,000.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. grew its position in International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after acquiring an additional 119 shares during the last quarter. Huntington National Bank grew its holdings in shares of International Flavors & Fragrances by 3.1% during the third quarter. Huntington National Bank now owns 4,095 shares of the specialty chemicals company’s stock worth $430,000 after purchasing an additional 124 shares during the last quarter. Arete Wealth Advisors LLC increased its stake in shares of International Flavors & Fragrances by 4.2% in the third quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock valued at $321,000 after buying an additional 124 shares in the last quarter. Truist Financial Corp raised its holdings in shares of International Flavors & Fragrances by 0.7% in the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock valued at $1,683,000 after buying an additional 129 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in International Flavors & Fragrances by 15.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,155 shares of the specialty chemicals company’s stock worth $121,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Up 0.7 %

NYSE IFF opened at $82.60 on Friday. International Flavors & Fragrances Inc. has a one year low of $78.54 and a one year high of $106.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The firm has a market cap of $21.12 billion, a P/E ratio of 87.88, a P/E/G ratio of 1.45 and a beta of 1.21. The stock’s 50-day moving average is $83.84 and its 200-day moving average is $92.47.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio is 170.21%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Cfra cut shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective for the company. in a research report on Thursday, February 20th. Stifel Nicolaus lowered their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Barclays reduced their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Finally, Oppenheimer cut their price target on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average price target of $103.50.

Insider Activity

In other news, Director Kevin O’byrne bought 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $80.44 per share, with a total value of $522,860.00. Following the transaction, the director now owns 6,500 shares in the company, valued at $522,860. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.