UBS Group AG Has $114.25 Million Stake in International Flavors & Fragrances Inc. $IFF

UBS Group AG lifted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 53.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,695,343 shares of the specialty chemicals company’s stock after buying an additional 590,997 shares during the period. UBS Group AG’s holdings in International Flavors & Fragrances were worth $114,249,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Rafferty Asset Management LLC lifted its position in shares of International Flavors & Fragrances by 0.7% during the third quarter. Rafferty Asset Management LLC now owns 21,837 shares of the specialty chemicals company’s stock worth $1,344,000 after purchasing an additional 158 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in International Flavors & Fragrances by 6.1% in the third quarter. Clearstead Advisors LLC now owns 3,021 shares of the specialty chemicals company’s stock valued at $186,000 after buying an additional 173 shares during the period. Parr Mcknight Wealth Management Group LLC lifted its holdings in International Flavors & Fragrances by 0.9% in the third quarter. Parr Mcknight Wealth Management Group LLC now owns 23,129 shares of the specialty chemicals company’s stock valued at $1,423,000 after buying an additional 199 shares during the period. Truist Financial Corp lifted its holdings in International Flavors & Fragrances by 2.3% in the third quarter. Truist Financial Corp now owns 9,090 shares of the specialty chemicals company’s stock valued at $559,000 after buying an additional 203 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings 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 period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Paul J. Fribourg bought 142,000 shares of the stock in a transaction on Thursday, March 12th. The stock was purchased at an average price of $70.13 per share, with a total value of $9,958,460.00. Following the completion of the purchase, the director owned 2,422,730 shares of the company’s stock, valued at approximately $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.07% of the company’s stock.

International Flavors & Fragrances Stock Up 1.0%

Shares of NYSE:IFF opened at $70.91 on Friday. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $84.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42. The company has a market capitalization of $18.11 billion, a PE ratio of -51.76, a PEG ratio of 1.89 and a beta of 0.93. The company has a 50 day moving average price of $72.99 and a two-hundred day moving average price of $69.94.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.05). International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the company posted $0.97 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. Analysts forecast that International Flavors & Fragrances Inc. will post 4.42 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, June 18th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, June 18th. International Flavors & Fragrances’s dividend payout ratio is presently -116.79%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on IFF shares. Rothschild & Co Redburn increased their price objective on shares of International Flavors & Fragrances from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. UBS Group cut their price objective on shares of International Flavors & Fragrances from $85.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Bank of America increased their price objective on shares of International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, January 8th. BNP Paribas Exane cut their price objective on shares of International Flavors & Fragrances from $88.00 to $85.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Finally, Wall Street Zen upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, January 4th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and a consensus target price of $87.50.

International Flavors & Fragrances Company 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.