Sanctuary Advisors LLC Makes New Investment in International Flavors & Fragrances Inc. $IFF

Sanctuary Advisors LLC purchased a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 17,234 shares of the specialty chemicals company’s stock, valued at approximately $1,365,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in IFF. Lloyd Advisory Services LLC. acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $27,000. Root Financial Partners LLC lifted its position in International Flavors & Fragrances by 97.9% in the first quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 274 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in 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 valued at $46,000 after buying an additional 210 shares during the last quarter. Transamerica Financial Advisors LLC boosted its stake in International Flavors & Fragrances by 884.1% during 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 period. Finally, EFG International AG acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at about $73,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Activity

In other news, Director Paul J. Fribourg acquired 260,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were bought at an average cost of $74.28 per share, with a total value of $19,312,800.00. Following the transaction, the director owned 2,682,730 shares in the company, valued at approximately $199,273,184.40. This trade represents a 10.73% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Deveau sold 8,825 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $85.55, for a total transaction of $754,978.75. Following the completion of the sale, the executive vice president owned 5,199 shares in the company, valued at $444,774.45. The trade was a 62.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,543 shares of company stock worth $1,315,659 in the last ninety days. 1.07% of the stock is owned by insiders.

International Flavors & Fragrances Trading Down 0.0%

NYSE:IFF opened at $87.14 on Thursday. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $89.32. The firm has a market cap of $22.23 billion, a PE ratio of 79.94, a price-to-earnings-growth ratio of 3.22 and a beta of 0.93. The company has a current ratio of 2.06, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average price of $80.12 and a 200 day moving average price of $76.64.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.25). The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.62 billion. International Flavors & Fragrances had a return on equity of 7.11% and a net margin of 2.78%.International Flavors & Fragrances’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 EPS. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 3.08 earnings per share for the current fiscal year.

International Flavors & Fragrances announced that its board has authorized a share buyback plan on Tuesday, August 4th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the specialty chemicals company to purchase up to 12.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, September 18th. International Flavors & Fragrances’s dividend payout ratio is presently 146.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on IFF shares. Oppenheimer boosted their price target on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Vertical Research downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $93.00 target price for the company. in a report on Thursday, August 6th. Citigroup cut their target price on International Flavors & Fragrances from $96.00 to $88.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. UBS Group upped their price target on International Flavors & Fragrances from $84.00 to $91.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. lifted their price objective on International Flavors & Fragrances from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.40.

About International Flavors & Fragrances

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.