United Fire Group Inc. Invests $2.98 Million in International Flavors & Fragrances Inc. (NYSE:IFF)

United Fire Group Inc. acquired a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 21,372 shares of the specialty chemicals company’s stock, valued at approximately $2,984,000. International Flavors & Fragrances makes up about 1.5% of United Fire Group Inc.’s portfolio, making the stock its 26th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Eudaimonia Partners LLC lifted its holdings in shares of International Flavors & Fragrances by 27.9% in the 4th quarter. Eudaimonia Partners LLC now owns 358 shares of the specialty chemicals company’s stock valued at $39,000 after purchasing an additional 78 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of International Flavors & Fragrances by 3.7% in the 1st quarter. J.W. Cole Advisors Inc. now owns 2,285 shares of the specialty chemicals company’s stock valued at $319,000 after purchasing an additional 82 shares during the last quarter. Godshalk Welsh Capital Management Inc. lifted its holdings in shares of International Flavors & Fragrances by 2.1% in the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 4,835 shares of the specialty chemicals company’s stock valued at $526,000 after purchasing an additional 100 shares during the last quarter. BBVA USA Bancshares Inc. lifted its holdings in shares of International Flavors & Fragrances by 2.6% in the 1st quarter. BBVA USA Bancshares Inc. now owns 4,100 shares of the specialty chemicals company’s stock valued at $573,000 after purchasing an additional 103 shares during the last quarter. Finally, S.E.E.D. Planning Group LLC lifted its holdings in shares of International Flavors & Fragrances by 4.4% in the 4th quarter. S.E.E.D. Planning Group LLC now owns 2,565 shares of the specialty chemicals company’s stock valued at $279,000 after purchasing an additional 107 shares during the last quarter. 94.35% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on IFF. Wells Fargo & Company boosted their target price on International Flavors & Fragrances from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price objective on International Flavors & Fragrances from $151.00 to $158.00 and gave the company a “buy” rating in a research note on Wednesday, May 5th. Zacks Investment Research raised International Flavors & Fragrances from a “strong sell” rating to a “hold” rating and set a $120.00 price objective for the company in a research note on Wednesday, January 27th. Berenberg Bank raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their price objective for the company from $139.00 to $160.00 in a research note on Wednesday, March 31st. Finally, Jefferies Financial Group upped their price objective on International Flavors & Fragrances from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $145.57.

NYSE IFF opened at $141.21 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.11 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $141.78 and its two-hundred day moving average is $125.57. International Flavors & Fragrances Inc. has a 12-month low of $99.54 and a 12-month high of $147.04. The stock has a market capitalization of $35.15 billion, a price-to-earnings ratio of 42.28, a PEG ratio of 5.75 and a beta of 0.97.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Monday, May 10th. The specialty chemicals company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.09. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.45 billion. International Flavors & Fragrances had a return on equity of 11.00% and a net margin of 7.44%. The company’s revenue was up 83.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.62 EPS. Equities analysts forecast that International Flavors & Fragrances Inc. will post 5.58 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 6th. Investors of record on Friday, June 25th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Thursday, June 24th. International Flavors & Fragrances’s dividend payout ratio is currently 49.92%.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through four segments: Nourish, Scent, Health & Biosciences, and Pharma Solutions.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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