Assetmark Inc. Buys 13,517 Shares of International Flavors & Fragrances Inc. $IFF

Assetmark Inc. increased its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 191.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,589 shares of the specialty chemicals company’s stock after purchasing an additional 13,517 shares during the period. Assetmark Inc.’s holdings in International Flavors & Fragrances were worth $1,388,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of IFF. True Wealth Design LLC raised its position in shares of International Flavors & Fragrances by 896.4% during the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after acquiring an additional 493 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of 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 valued at $46,000 after acquiring an additional 210 shares during the last quarter. Transamerica Financial Advisors LLC raised its position 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 valued at $50,000 after acquiring an additional 610 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of International Flavors & Fragrances by 42.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 239 shares during the last quarter. Finally, Cromwell Holdings LLC raised its position in shares of International Flavors & Fragrances by 69.6% during the 4th quarter. Cromwell Holdings LLC now owns 894 shares of the specialty chemicals company’s stock valued at $61,000 after acquiring an additional 367 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $72.42 on Wednesday. The firm has a market cap of $18.50 billion, a PE ratio of -52.86, a PEG ratio of 1.95 and a beta of 1.02. 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 1-year low of $59.14 and a 1-year high of $84.45. The company has a fifty day moving average price of $74.55 and a 200 day moving average price of $69.58.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.52 billion. International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.International Flavors & Fragrances’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 earnings per share. Research analysts predict that International Flavors & Fragrances Inc. will post 4.45 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 20th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. International Flavors & Fragrances’s dividend payout ratio is presently -116.79%.

Insiders Place Their Bets

In related news, Director Paul J. Fribourg bought 142,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $70.13 per share, with a total value of $9,958,460.00. Following the purchase, the director owned 2,422,730 shares in the company, valued at approximately $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on IFF shares. Wells Fargo & Company upped their target price on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft upped their target price on shares of International Flavors & Fragrances from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. BNP Paribas Exane decreased their price target on shares of International Flavors & Fragrances from $88.00 to $85.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Oppenheimer raised shares of International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 price target for the company in a report on Friday, February 13th. Finally, Barclays decreased their price target on shares of International Flavors & Fragrances from $91.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.10.

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.