15,176 International Flavors & Fragrances Inc. $IFF Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 137,963.6% in the third quarter, HoldingsChannel.com reports. The fund owned 15,187 shares of the specialty chemicals company’s stock after buying an additional 15,176 shares during the period. Fulcrum Asset Management LLP’s holdings in International Flavors & Fragrances were worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Korea Investment CORP purchased a new stake in International Flavors & Fragrances in the second quarter valued at approximately $3,170,000. QRG Capital Management Inc. increased its holdings in International Flavors & Fragrances by 815.7% in the 2nd quarter. QRG Capital Management Inc. now owns 35,485 shares of the specialty chemicals company’s stock worth $2,811,000 after buying an additional 31,610 shares during the period. Empowered Funds LLC acquired a new position in International Flavors & Fragrances in the 2nd quarter worth approximately $3,203,000. Murphy Pohlad Asset Management LLC purchased a new position in International Flavors & Fragrances during the 2nd quarter worth approximately $1,481,000. Finally, Nykredit A S purchased a new position in International Flavors & Fragrances during the 2nd quarter worth approximately $223,065,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on IFF shares. KeyCorp started coverage on shares of International Flavors & Fragrances in a research note on Thursday, September 10th. They set a “sector weight” rating for the company. JPMorgan Chase & Co. increased their price objective on shares of International Flavors & Fragrances from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, November 5th. Oppenheimer raised their target price on shares of International Flavors & Fragrances from $95.00 to $108.00 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Argus boosted their target price on shares of International Flavors & Fragrances from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. Finally, Citigroup upped their price target on shares of International Flavors & Fragrances from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average price target of $95.05.

International Flavors & Fragrances Trading Down 0.6%

IFF stock opened at $82.70 on Thursday. International Flavors & Fragrances Inc. has a 52-week low of $62.06 and a 52-week high of $95.27. The company has a quick ratio of 1.58, a current ratio of 1.87 and a debt-to-equity ratio of 0.36. The firm has a market cap of $20.71 billion, a P/E ratio of 116.48, a PEG ratio of 3.92 and a beta of 0.86. The company’s 50-day simple moving average is $86.90 and its 200-day simple moving average is $79.15.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, November 3rd. The specialty chemicals company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.02. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.91 billion. International Flavors & Fragrances had a return on equity of 6.82% and a net margin of 1.97%. International Flavors & Fragrances’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 EPS. As a group, equities analysts forecast that International Flavors & Fragrances Inc. will post 3.15 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Saturday, December 19th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, December 18th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 225.35%.

International Flavors & Fragrances announced that its Board of Directors has approved a stock repurchase program on Tuesday, August 4th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the specialty chemicals company to reacquire up to 12.1% of its stock through open market purchases. Share repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at International Flavors & Fragrances

In other news, insider De Mendonca Ana Paula Teles sold 5,718 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $83.19, for a total value of $475,680.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.07% of the stock is owned by company insiders.

About International Flavors & Fragrances

International Flavors & Fragrances Inc. (NYSE: IFF) develops ingredients and solutions used by manufacturers in food and beverages, fragrances, personal care, home care, health and wellness, and other consumer products. Its offerings include flavors, fragrance compounds, enzymes, cultures, probiotics, and specialty food ingredients. The company works with customers to create and improve products, including by enhancing taste and scent, supporting product performance, and developing ingredients for nutrition and wellness applications.