Posted by admin on Aug 15th, 2022 
Commerce Bank increased its position in International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) by 8.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,796 shares of the specialty chemicals company’s stock after buying an additional 475 shares during the period. Commerce Bank’s holdings in International Flavors & Fragrances were worth $761,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Covestor Ltd bought a new position in International Flavors & Fragrances in the 4th quarter worth $25,000. Atwood & Palmer Inc. lifted its stake in International Flavors & Fragrances by 1,718.2% in the 1st quarter. Atwood & Palmer Inc. now owns 200 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 189 shares in the last quarter. First Personal Financial Services purchased a new stake in International Flavors & Fragrances in the 4th quarter worth $30,000. CVA Family Office LLC lifted its stake in International Flavors & Fragrances by 512.5% in the 1st quarter. CVA Family Office LLC now owns 245 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 205 shares in the last quarter. Finally, Nauset Wealth Management. LLC purchased a new stake in International Flavors & Fragrances in the 1st quarter worth $37,000. Institutional investors own 90.67% of the company’s stock.
In related news, insider De Villeplee Christoph Fauchon sold 629 shares of the stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $132.59, for a total transaction of $83,399.11. Following the completion of the sale, the insider now owns 8,180 shares of the company’s stock, valued at $1,084,586.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.
Shares of IFF stock opened at $124.37 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.64 and a quick ratio of 1.17. The company’s 50-day simple moving average is $120.38 and its two-hundred day simple moving average is $125.39. International Flavors & Fragrances Inc. has a one year low of $105.38 and a one year high of $157.06. The company has a market capitalization of $31.71 billion, a P/E ratio of 49.75, a P/E/G ratio of 2.34 and a beta of 0.99.
International Flavors & Fragrances (NYSE:IFF – Get Rating) last released its quarterly earnings data on Monday, August 8th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.12. International Flavors & Fragrances had a net margin of 5.03% and a return on equity of 7.05%. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period last year, the firm earned $1.50 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, equities analysts anticipate that International Flavors & Fragrances Inc. will post 5.76 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Friday, September 23rd will be paid a dividend of $0.81 per share. The ex-dividend date is Thursday, September 22nd. This is an increase from International Flavors & Fragrances’s previous quarterly dividend of $0.79. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.61%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 126.40%.
IFF has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of International Flavors & Fragrances from $165.00 to $145.00 in a research note on Thursday, May 12th. Wells Fargo & Company decreased their target price on shares of International Flavors & Fragrances from $150.00 to $147.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 10th. Credit Suisse Group initiated coverage on shares of International Flavors & Fragrances in a research report on Monday, June 27th. They set an “outperform” rating and a $145.00 target price on the stock. Morgan Stanley decreased their target price on shares of International Flavors & Fragrances from $160.00 to $149.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, StockNews.com upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $144.14.
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International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.
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