Kettle Hill Capital Management LLC Has $9.42 Million Stock Position in International Flavors & Fragrances Inc. $IFF

Kettle Hill Capital Management LLC decreased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 67.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,803 shares of the specialty chemicals company’s stock after selling 284,944 shares during the period. International Flavors & Fragrances accounts for approximately 2.1% of Kettle Hill Capital Management LLC’s portfolio, making the stock its 18th biggest position. Kettle Hill Capital Management LLC’s holdings in International Flavors & Fragrances were worth $9,421,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Lloyd Advisory Services LLC. acquired a new stake in International Flavors & Fragrances during the fourth quarter valued at $27,000. Geneos Wealth Management Inc. lifted its position in shares of International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares during the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of International Flavors & Fragrances by 884.1% in the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after buying an additional 610 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of International Flavors & Fragrances by 42.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 239 shares during the last quarter. Finally, Cromwell Holdings LLC lifted its position in shares of International Flavors & Fragrances by 69.6% in the fourth quarter. Cromwell Holdings LLC now owns 894 shares of the specialty chemicals company’s stock worth $61,000 after buying an additional 367 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Transactions at International Flavors & Fragrances

In other news, Director Paul J. Fribourg purchased 260,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average cost of $74.28 per share, for a total transaction of $19,312,800.00. Following the completion of the purchase, the director directly owned 2,682,730 shares of the company’s stock, valued at approximately $199,273,184.40. The trade was a 10.73% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.07% of the stock is owned by corporate insiders.

International Flavors & Fragrances Trading Up 0.1%

International Flavors & Fragrances stock opened at $78.32 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.49. The business’s 50-day simple moving average is $74.25 and its 200-day simple moving average is $72.43. The firm has a market capitalization of $19.99 billion, a PE ratio of 23.95, a PEG ratio of 1.82 and a beta of 0.94. 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 posted its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.64 billion. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.56 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Thursday, June 18th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, June 18th. International Flavors & Fragrances’s payout ratio is currently 48.93%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IFF. Deutsche Bank Aktiengesellschaft reduced their price target on International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, June 1st. Berenberg Bank boosted their price target on International Flavors & Fragrances from $83.00 to $84.80 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Weiss Ratings raised International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Citigroup boosted their price target on International Flavors & Fragrances from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Barclays boosted their price target on International Flavors & Fragrances from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Thirteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $91.05.

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.