Exchange Traded Concepts LLC Increases Holdings in International Flavors & Fragrances Inc. $IFF

Exchange Traded Concepts LLC boosted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 122.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,097 shares of the specialty chemicals company’s stock after buying an additional 57,779 shares during the period. Exchange Traded Concepts LLC’s holdings in International Flavors & Fragrances were worth $7,082,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Invesco Ltd. lifted its stake in International Flavors & Fragrances by 131.3% during the 3rd quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock valued at $441,068,000 after acquiring an additional 4,069,075 shares during the period. Ilex Capital Partners UK LLP purchased a new stake in shares of International Flavors & Fragrances in the 2nd quarter valued at $212,090,000. Ameriprise Financial Inc. increased its stake in shares of International Flavors & Fragrances by 1,842.0% in the second quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company’s stock worth $183,264,000 after acquiring an additional 2,363,307 shares during the period. Norges Bank purchased a new position in shares of International Flavors & Fragrances during the second quarter worth $152,736,000. Finally, Dodge & Cox raised its holdings in shares of International Flavors & Fragrances by 5.5% during the third quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock worth $2,275,296,000 after purchasing an additional 1,925,251 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg acquired 142,000 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were bought 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 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.07% of the company’s stock.

Analyst Upgrades and Downgrades

IFF has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of International Flavors & Fragrances in a report on Monday, December 29th. Bank of America lifted their price objective on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Rothschild & Co Redburn boosted their price objective on International Flavors & Fragrances from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Mizuho raised their target price on International Flavors & Fragrances from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Finally, Citigroup lifted their price target on International Flavors & Fragrances from $83.00 to $95.00 and gave the company a “buy” rating in a research 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.09.

International Flavors & Fragrances Stock Down 0.0%

IFF stock opened at $71.00 on Monday. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $84.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42. The firm’s fifty day moving average is $74.55 and its 200 day moving average is $68.42. 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 data 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). International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the company posted $0.97 EPS. The company’s revenue was down 6.6% on a year-over-year basis. On average, research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared 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 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.