Everett Harris & Co. CA Has $2.33 Million Position in International Flavors & Fragrances Inc. $IFF

Everett Harris & Co. CA boosted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 51.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 34,570 shares of the specialty chemicals company’s stock after purchasing an additional 11,805 shares during the quarter. Everett Harris & Co. CA’s holdings in International Flavors & Fragrances were worth $2,330,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Lloyd Advisory Services LLC. acquired a new position in International Flavors & Fragrances during the fourth quarter worth $27,000. Geneos Wealth Management Inc. increased its stake in shares of International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 210 shares in the last quarter. Transamerica Financial Advisors LLC increased its stake in shares of 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 valued at $50,000 after buying an additional 610 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of International Flavors & Fragrances by 42.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 239 shares in the last quarter. Finally, Cromwell Holdings LLC increased its stake in shares of International Flavors & Fragrances by 69.6% in the fourth quarter. Cromwell Holdings LLC now owns 894 shares of the specialty chemicals company’s stock valued at $61,000 after buying an additional 367 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IFF. BNP Paribas Exane raised their target price on International Flavors & Fragrances from $85.00 to $95.00 in a report on Thursday, May 7th. Oppenheimer raised their target price on International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Berenberg Bank raised their target price on International Flavors & Fragrances from $83.00 to $84.80 and gave the stock a “hold” rating in a report on Thursday, May 7th. UBS Group raised their target price on International Flavors & Fragrances from $75.00 to $86.00 in a report on Thursday, May 7th. Finally, Weiss Ratings raised International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.49.

International Flavors & Fragrances Trading Down 0.4%

NYSE IFF opened at $72.68 on Tuesday. The firm has a market cap of $18.56 billion, a P/E ratio of 22.23, a P/E/G ratio of 1.69 and a beta of 0.94. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $84.45. The stock’s 50-day moving average is $73.75 and its 200-day moving average is $72.08. 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 (NYSE:IFF) last posted its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.08 by $0.17. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.64 billion. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The firm’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 EPS. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.56 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

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 given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, June 18th. International Flavors & Fragrances’s payout ratio is currently 48.93%.

Insider Buying and Selling

In other news, Director Paul J. Fribourg bought 260,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were purchased at an average price of $74.28 per share, for a total transaction of $19,312,800.00. Following the purchase, the director owned 2,682,730 shares of the company’s stock, valued at approximately $199,273,184.40. The trade was a 10.73% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have acquired 415,500 shares of company stock valued at $30,276,875. Insiders own 1.07% of the company’s stock.

About International Flavors & Fragrances

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.