Willingdon Wealth Management Acquires 6,172 Shares of International Flavors & Fragrances Inc (IFF)

Willingdon Wealth Management boosted its holdings in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 44.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,195 shares of the specialty chemicals company’s stock after acquiring an additional 6,172 shares during the period. Willingdon Wealth Management’s holdings in International Flavors & Fragrances were worth $2,601,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Boston Family Office LLC lifted its position in International Flavors & Fragrances by 0.4% during the 4th quarter. Boston Family Office LLC now owns 19,593 shares of the specialty chemicals company’s stock valued at $2,631,000 after acquiring an additional 69 shares during the period. JOYN Advisors Inc. lifted its position in International Flavors & Fragrances by 65.5% during the 4th quarter. JOYN Advisors Inc. now owns 187 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 74 shares during the period. Penserra Capital Management LLC lifted its position in International Flavors & Fragrances by 28.6% during the 1st quarter. Penserra Capital Management LLC now owns 360 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 80 shares during the period. ETF Managers Group LLC lifted its position in International Flavors & Fragrances by 9.1% during the 1st quarter. ETF Managers Group LLC now owns 1,057 shares of the specialty chemicals company’s stock valued at $136,000 after acquiring an additional 88 shares during the period. Finally, Kaizen Advisory LLC lifted its position in International Flavors & Fragrances by 50.3% during the 4th quarter. Kaizen Advisory LLC now owns 272 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 91 shares during the period. 86.46% of the stock is owned by institutional investors.

International Flavors & Fragrances stock traded down $1.27 during trading hours on Friday, hitting $134.27. The stock had a trading volume of 8,728 shares, compared to its average volume of 933,968. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.58 and a current ratio of 2.56. The stock has a market capitalization of $14.38 billion, a PE ratio of 21.38 and a beta of 0.77. International Flavors & Fragrances Inc has a 12-month low of $121.85 and a 12-month high of $150.57.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.05. International Flavors & Fragrances had a net margin of 7.29% and a return on equity of 12.74%. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company earned $1.79 earnings per share. The firm’s quarterly revenue was up 39.4% on a year-over-year basis. As a group, equities research analysts forecast that International Flavors & Fragrances Inc will post 6.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 24th will be issued a dividend of $0.73 per share. The ex-dividend date is Friday, June 21st. This represents a $2.92 annualized dividend and a dividend yield of 2.17%. International Flavors & Fragrances’s payout ratio is 46.50%.

In other news, insider Nicolas Mirzayantz sold 3,472 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $136.73, for a total transaction of $474,726.56. Following the completion of the transaction, the insider now directly owns 45,858 shares of the company’s stock, valued at $6,270,164.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is owned by insiders.

Several brokerages have issued reports on IFF. Zacks Investment Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a report on Friday. UBS Group lifted their target price on shares of International Flavors & Fragrances from $168.00 to $172.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Goldman Sachs Group raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $137.00 to $151.00 in a report on Thursday, March 21st. KeyCorp decreased their target price on shares of International Flavors & Fragrances from $160.00 to $143.00 and set an “overweight” rating for the company in a report on Monday, February 25th. Finally, Seaport Global Securities began coverage on shares of International Flavors & Fragrances in a report on Thursday, February 21st. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $148.13.

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International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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