SG Americas Securities LLC Boosts Holdings in International Flavors & Fragrances Inc. $IFF

SG Americas Securities LLC grew its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 290.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,859 shares of the specialty chemicals company’s stock after acquiring an additional 104,016 shares during the quarter. SG Americas Securities LLC owned about 0.05% of International Flavors & Fragrances worth $9,425,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IFF. True Wealth Design LLC grew its holdings in International Flavors & Fragrances by 896.4% in the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 493 shares during the period. Geneos Wealth Management Inc. raised its stake in 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 worth $46,000 after purchasing an additional 210 shares during the period. Elkhorn Partners Limited Partnership boosted its holdings in shares of 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 valued at $44,000 after purchasing an additional 400 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of International Flavors & Fragrances during the 2nd quarter valued at $49,000. Finally, Transamerica Financial Advisors LLC increased its holdings in shares of 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 worth $50,000 after buying an additional 610 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on IFF. Oppenheimer raised International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 target price on the stock in a research report on Friday, February 13th. Wall Street Zen upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, January 4th. Rothschild & Co Redburn lifted their price objective on International Flavors & Fragrances from $66.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. UBS Group boosted their target price on International Flavors & Fragrances from $71.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Finally, Citigroup increased their target price on shares of International Flavors & Fragrances from $83.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.09.

International Flavors & Fragrances Stock Down 0.0%

Shares of NYSE IFF opened at $71.00 on Monday. The stock has a fifty day moving average price of $74.55 and a 200 day moving average price of $68.42. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $84.45. The company has a market cap of $18.14 billion, a P/E 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 data on Wednesday, February 11th. The specialty chemicals company reported $0.80 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 company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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

Insiders Place Their Bets

In related news, Director Paul J. Fribourg purchased 142,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was purchased at an average price of $70.13 per share, for a total transaction of $9,958,460.00. Following the acquisition, the director directly owned 2,422,730 shares in the company, valued at $169,906,054.90. The trade was a 6.23% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.07% of the stock is currently owned by corporate insiders.

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.