Bank of New York Mellon Corp Buys 10,654 Shares of International Flavors & Fragrances Inc. $IFF

Bank of New York Mellon Corp increased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 0.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,598,636 shares of the specialty chemicals company’s stock after purchasing an additional 10,654 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.63% of International Flavors & Fragrances worth $115,981,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IFF. State Street Corp grew its position in International Flavors & Fragrances by 1.1% during the 4th quarter. State Street Corp now owns 11,092,368 shares of the specialty chemicals company’s stock valued at $751,875,000 after purchasing an additional 121,260 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of International Flavors & Fragrances by 27.5% during the fourth quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company’s stock valued at $595,166,000 after buying an additional 1,904,598 shares during the last quarter. Invesco Ltd. increased its position in shares of International Flavors & Fragrances by 4.9% during the fourth quarter. Invesco Ltd. now owns 7,519,812 shares of the specialty chemicals company’s stock valued at $506,760,000 after acquiring an additional 352,636 shares in the last quarter. Geode Capital Management LLC boosted its stake in International Flavors & Fragrances by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,771,894 shares of the specialty chemicals company’s stock valued at $454,607,000 after purchasing an additional 172,781 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of International Flavors & Fragrances by 28.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,042,758 shares of the specialty chemicals company’s stock worth $407,221,000 after purchasing an additional 1,336,479 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at International Flavors & Fragrances

In related news, Director Paul J. Fribourg acquired 260,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were purchased at an average price of $74.28 per share, for a total transaction of $19,312,800.00. Following the completion of the acquisition, the director directly owned 2,682,730 shares in the company, valued at $199,273,184.40. The trade was a 10.73% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.07% of the stock is owned by insiders.

International Flavors & Fragrances Trading Down 1.1%

IFF stock opened at $77.33 on Tuesday. International Flavors & Fragrances Inc. has a twelve month low of $59.14 and a twelve month high of $84.45. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The firm’s fifty day simple moving average is $76.59 and its two-hundred day simple moving average is $74.44. The stock has a market capitalization of $19.74 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 1.82 and a beta of 0.93.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.64 billion. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.The business’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 earnings per share. As a group, analysts anticipate that International Flavors & Fragrances Inc. will post 4.55 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, June 18th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. International Flavors & Fragrances’s dividend payout ratio is presently 48.93%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IFF. UBS Group lifted their target price on shares of International Flavors & Fragrances from $75.00 to $86.00 in a research report on Thursday, May 7th. Citigroup lowered their target price on International Flavors & Fragrances from $96.00 to $88.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. JPMorgan Chase & Co. boosted their price target on International Flavors & Fragrances from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Weiss Ratings raised shares of International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, Benchmark started coverage on shares of International Flavors & Fragrances in a report on Tuesday, June 9th. They issued a “buy” rating and a $100.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $91.16.

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.