Assetmark Inc. Acquires 8,674 Shares of International Flavors & Fragrances Inc. $IFF

Assetmark Inc. lifted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 42.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,263 shares of the specialty chemicals company’s stock after buying an additional 8,674 shares during the quarter. Assetmark Inc.’s holdings in International Flavors & Fragrances were worth $2,123,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Lloyd Advisory Services LLC. bought a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $27,000. Root Financial Partners LLC increased its stake in 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 buying an additional 274 shares during the period. Geneos Wealth Management Inc. grew its stake in 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 acquiring an additional 210 shares in the last quarter. Transamerica Financial Advisors LLC increased its position in shares of 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 worth $50,000 after acquiring an additional 610 shares during the period. Finally, Cromwell Holdings LLC raised its stake in shares of 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 acquiring an additional 367 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling

In other news, Director Paul J. Fribourg bought 260,000 shares of the stock in a transaction on Monday, June 1st. The stock was bought at an average cost of $74.28 per share, for a total transaction of $19,312,800.00. Following the completion of the purchase, the director directly owned 2,682,730 shares in the company, valued at approximately $199,273,184.40. The trade was a 10.73% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.07% of the stock is owned by insiders.

Analysts Set New Price Targets

IFF has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lowered their price target on International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday, June 1st. Weiss Ratings upgraded International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Rothschild & Co Redburn dropped their price target on International Flavors & Fragrances from $74.00 to $71.00 in a research report on Friday, May 8th. Citigroup cut their price target on International Flavors & Fragrances from $96.00 to $88.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Finally, Oppenheimer upped their price objective on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Thirteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.16.

International Flavors & Fragrances Trading Down 4.5%

Shares of NYSE:IFF opened at $73.73 on Friday. The company has a market capitalization of $18.82 billion, a PE ratio of 22.55, a P/E/G ratio of 1.93 and a beta of 0.93. The company has a current ratio of 1.49, a quick ratio of 0.87 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 business’s fifty day simple moving average is $76.49 and its 200-day simple moving average is $74.61.

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

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, June 18th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, June 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.