Northwestern Mutual Wealth Management Co. Acquires 204,293 Shares of International Flavors & Fragrances Inc. $IFF

Northwestern Mutual Wealth Management Co. grew its position in shares of International Flavors & Fragrances Inc. (NYSE:IFFFree Report) by 4,258.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 209,090 shares of the specialty chemicals company’s stock after buying an additional 204,293 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in International Flavors & Fragrances were worth $14,091,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its holdings in shares of 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 valued at $46,000 after buying an additional 210 shares during the last quarter. Transamerica Financial Advisors LLC grew 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 valued at $50,000 after buying an additional 610 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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 valued at $54,000 after buying an additional 239 shares during the last quarter. Cromwell Holdings LLC grew 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 valued at $61,000 after buying an additional 367 shares during the last quarter. Finally, AlphaQuest LLC grew its holdings in shares of International Flavors & Fragrances by 1,190.0% during the third quarter. AlphaQuest LLC now owns 903 shares of the specialty chemicals company’s stock valued at $56,000 after buying an additional 833 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Up 3.4%

Shares of IFF stock opened at $74.41 on Thursday. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $84.45. The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $72.36 and its 200 day moving average is $71.10. The stock has a market capitalization of $19.00 billion, a P/E ratio of 22.76, a P/E/G ratio of 1.60 and a beta of 0.93.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last issued its earnings results 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. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter last year, the company posted $1.20 earnings per share. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. Research analysts expect that International Flavors & Fragrances Inc. will post 4.53 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, June 18th will be given a $0.40 dividend. The ex-dividend date is Thursday, June 18th. This represents a $1.60 annualized dividend and a yield of 2.2%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 48.93%.

Insiders Place Their Bets

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 142,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were acquired at an average cost of $70.13 per share, for a total transaction of $9,958,460.00. Following the completion of the transaction, the director owned 2,422,730 shares of the company’s stock, valued at approximately $169,906,054.90. The trade was a 6.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IFF. Oppenheimer increased their price target on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. BNP Paribas Exane increased their price target on shares of International Flavors & Fragrances from $85.00 to $95.00 in a report on Thursday, May 7th. Barclays increased their price target on shares of International Flavors & Fragrances from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of International Flavors & Fragrances from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Finally, UBS Group raised their target price on shares of International Flavors & Fragrances from $75.00 to $86.00 in a report on Thursday, May 7th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.80.

View Our Latest Report on International Flavors & Fragrances

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About International Flavors & Fragrances

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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