Assenagon Asset Management S.A. Increases Position in International Flavors & Fragrances Inc. $IFF

Assenagon Asset Management S.A. increased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 1,218.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,302 shares of the specialty chemicals company’s stock after acquiring an additional 97,314 shares during the period. Assenagon Asset Management S.A.’s holdings in International Flavors & Fragrances were worth $7,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its holdings in shares of International Flavors & Fragrances by 896.4% during the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 493 shares during the period. Elkhorn Partners Limited Partnership increased its holdings in International Flavors & Fragrances by 200.0% in the 2nd quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 400 shares during the period. Geneos Wealth Management Inc. raised its position in International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in International Flavors & Fragrances during the 2nd quarter valued at approximately $49,000. Finally, Transamerica Financial Advisors LLC lifted its stake in International Flavors & Fragrances by 884.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after acquiring an additional 610 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

IFF has been the topic of a number of research reports. Argus increased their price objective on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Mizuho upped their price target on shares of International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Wells Fargo & Company increased their price target on International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. BNP Paribas Exane reduced their price objective on International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Finally, Oppenheimer raised International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 price objective for the company in a report on Friday, February 13th. Thirteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.09.

Insiders Place Their Bets

In related news, Director Paul J. Fribourg acquired 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, with a total value of $9,958,460.00. Following the completion of the acquisition, the director directly owned 2,422,730 shares in the company, valued at approximately $169,906,054.90. This trade represents a 6.23% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $71.00 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances Inc. has a twelve month low of $59.14 and a twelve month high of $84.45. The business has a 50-day moving average price of $74.55 and a 200 day moving average price of $68.39. The firm has a market cap of $18.14 billion, a PE ratio of -51.82, a P/E/G ratio of 1.86 and a beta of 0.99.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the company posted $0.97 EPS. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 20th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. International Flavors & Fragrances’s dividend payout ratio is currently -116.79%.

International Flavors & Fragrances Company 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.