Bleakley Financial Group LLC Buys 9,835 Shares of International Flavors & Fragrances Inc. $IFF

Bleakley Financial Group LLC raised its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 25.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,249 shares of the specialty chemicals company’s stock after acquiring an additional 9,835 shares during the period. Bleakley Financial Group LLC’s holdings in International Flavors & Fragrances were worth $3,500,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in shares of International Flavors & Fragrances by 1.0% in the first quarter. Principal Financial Group Inc. now owns 285,287 shares of the specialty chemicals company’s stock worth $20,698,000 after purchasing an additional 2,704 shares during the period. Chicago Partners Investment Group LLC lifted its position in International Flavors & Fragrances by 47.7% during the first quarter. Chicago Partners Investment Group LLC now owns 7,783 shares of the specialty chemicals company’s stock worth $554,000 after purchasing an additional 2,514 shares during the period. Parr Mcknight Wealth Management Group LLC grew its stake in International Flavors & Fragrances by 10.0% during the first quarter. Parr Mcknight Wealth Management Group LLC now owns 23,181 shares of the specialty chemicals company’s stock worth $1,682,000 after buying an additional 2,113 shares in the last quarter. Fifth Third Bancorp grew its stake in International Flavors & Fragrances by 1,213.2% during the first quarter. Fifth Third Bancorp now owns 98,395 shares of the specialty chemicals company’s stock worth $7,139,000 after buying an additional 90,902 shares in the last quarter. Finally, Candriam S.C.A. increased its holdings in International Flavors & Fragrances by 10.5% in the 1st quarter. Candriam S.C.A. now owns 25,324 shares of the specialty chemicals company’s stock valued at $1,837,000 after buying an additional 2,405 shares during the period. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Trading Up 1.0%

IFF opened at $75.39 on Thursday. The company has a market cap of $19.25 billion, a P/E ratio of 23.06, a PEG ratio of 1.74 and a beta of 0.93. 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 company’s 50 day moving average is $76.69 and its 200-day moving average is $74.23. International Flavors & Fragrances Inc. has a 1-year low of $59.14 and a 1-year high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. The business had revenue of $2.74 billion during 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 quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 EPS. Equities research 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 business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.60 annualized dividend and a dividend yield of 2.1%. International Flavors & Fragrances’s dividend payout ratio is 48.93%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays upped their price target on shares of International Flavors & Fragrances from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, June 1st. Benchmark began coverage on International Flavors & Fragrances in a research note on Tuesday, June 9th. They set a “buy” rating and a $100.00 target price for the company. Weiss Ratings raised International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Oppenheimer lifted their price target on International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Thirteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus price target of $91.16.

Insider Activity at International Flavors & Fragrances

In other news, Director Paul J. Fribourg purchased 260,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was bought at an average cost 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.07% of the company’s stock.

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.