UniSuper Management Pty Ltd Acquires 12,133 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

UniSuper Management Pty Ltd grew its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 455.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,797 shares of the specialty chemicals company’s stock after buying an additional 12,133 shares during the period. UniSuper Management Pty Ltd’s holdings in International Flavors & Fragrances were worth $1,272,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC boosted its stake in International Flavors & Fragrances by 3,000.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 300 shares in the last quarter. Riverview Trust Co bought a new position in International Flavors & Fragrances in the 1st quarter worth about $27,000. Quent Capital LLC boosted its stake in International Flavors & Fragrances by 183.2% in the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 240 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in International Flavors & Fragrances in the 4th quarter worth about $41,000. Finally, Fidelis Capital Partners LLC bought a new position in International Flavors & Fragrances in the 1st quarter worth about $44,000. Institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total value of $247,568.08. Following the completion of the transaction, the insider now directly owns 8,539 shares in the company, valued at approximately $816,840.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF traded up $0.93 during midday trading on Tuesday, hitting $99.07. 1,006,166 shares of the company’s stock traded hands, compared to its average volume of 1,871,143. The firm has a fifty day moving average of $96.45 and a 200 day moving average of $87.57. The stock has a market capitalization of $25.30 billion, a price-to-earnings ratio of -10.14, a price-to-earnings-growth ratio of 1.89 and a beta of 1.26. International Flavors & Fragrances Inc. has a 1 year low of $62.11 and a 1 year high of $99.91. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.68.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.27. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.78 billion. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. On average, analysts forecast that International Flavors & Fragrances Inc. will post 3.97 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 21st were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio is -16.38%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on IFF shares. StockNews.com upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Robert W. Baird boosted their target price on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Mizuho boosted their target price on International Flavors & Fragrances from $91.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. UBS Group boosted their target price on International Flavors & Fragrances from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company boosted their target price on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $98.33.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.