Bridgefront Capital LLC Makes New $2.08 Million Investment in International Flavors & Fragrances Inc. $IFF

Bridgefront Capital LLC bought a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 33,808 shares of the specialty chemicals company’s stock, valued at approximately $2,081,000. International Flavors & Fragrances makes up about 0.6% of Bridgefront Capital LLC’s portfolio, making the stock its 12th biggest position.

Other large investors have also recently made changes to their positions in the company. Invesco Ltd. lifted its stake in shares of 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 worth $441,068,000 after purchasing an additional 4,069,075 shares during the last quarter. Ilex Capital Partners UK LLP purchased a new position in International Flavors & Fragrances in the second quarter valued at about $212,090,000. Ameriprise Financial Inc. raised its holdings in 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 purchasing an additional 2,363,307 shares in the last quarter. Norges Bank bought a new position in International Flavors & Fragrances in the second quarter worth about $152,736,000. Finally, Dodge & Cox lifted its position 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 valued at $2,275,296,000 after buying an additional 1,925,251 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $69.58 on Friday. The company has a 50 day moving average price of $74.52 and a 200 day moving average price of $68.18. The firm has a market capitalization of $17.78 billion, a P/E ratio of -50.79, a PEG ratio of 1.82 and a beta of 0.99. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the firm posted $0.97 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. International Flavors & Fragrances’s payout ratio is -116.79%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on IFF shares. Barclays lifted their price objective on shares of International Flavors & Fragrances from $78.00 to $91.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Weiss Ratings restated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Monday, December 29th. UBS Group lifted their price target on shares of International Flavors & Fragrances from $71.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Argus upped their price target on International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Berenberg Bank decreased their price objective on International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating for the company in a report on Thursday, February 5th. Thirteen research 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, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average price target of $90.09.

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.