International Flavors & Fragrances Inc. $IFF Holdings Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 84.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 875,816 shares of the specialty chemicals company’s stock after acquiring an additional 401,615 shares during the period. Quantinno Capital Management LP’s holdings in International Flavors & Fragrances were worth $63,541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lloyd Advisory Services LLC. bought a new position in shares of International Flavors & Fragrances during the 4th quarter valued at about $27,000. Root Financial Partners LLC grew its stake in shares of International Flavors & Fragrances by 97.9% in the 1st quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 274 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 210 shares in the last quarter. Transamerica Financial Advisors LLC lifted its stake in 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 purchasing an additional 610 shares during the last quarter. Finally, Cromwell Holdings LLC lifted its stake in 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 purchasing an additional 367 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other International Flavors & Fragrances news, Director Paul J. Fribourg bought 260,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was acquired at an average price of $74.28 per share, with a total value of $19,312,800.00. Following the completion of the transaction, the director directly owned 2,682,730 shares in the company, valued at approximately $199,273,184.40. This represents a 10.73% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.07% of the stock is owned by insiders.

Analyst Ratings Changes

IFF has been the topic of several recent research reports. Argus lifted their price target on shares of International Flavors & Fragrances from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Morgan Stanley increased their price objective on International Flavors & Fragrances from $93.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Rothschild & Co Redburn reduced their price objective on International Flavors & Fragrances from $74.00 to $71.00 in a research note on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on International Flavors & Fragrances from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, Jefferies Financial Group boosted their target price on International Flavors & Fragrances from $97.00 to $105.00 in a research report on Thursday, May 7th. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average target price of $91.16.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $79.14 on Wednesday. The firm’s 50 day simple moving average is $76.75 and its 200-day simple moving average is $74.81. The company has a market cap of $20.20 billion, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 1.91 and a beta of 0.93. 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 fifty-two week low of $59.14 and a fifty-two week high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results 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. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. As a group, equities research analysts predict that International Flavors & Fragrances Inc. will post 4.55 EPS for the current year.

International Flavors & Fragrances Announces Dividend

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