Calamos Advisors LLC lifted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) by 15.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,957 shares of the specialty chemicals company's stock after buying an additional 2,260 shares during the quarter. Calamos Advisors LLC's holdings in International Flavors & Fragrances were worth $2,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. JJJ Advisors Inc. increased its position in shares of International Flavors & Fragrances by 74.3% during the fourth quarter. JJJ Advisors Inc. now owns 176 shares of the specialty chemicals company's stock valued at $27,000 after buying an additional 75 shares during the period. Atria Investments LLC grew its holdings in International Flavors & Fragrances by 0.6% in the first quarter. Atria Investments LLC now owns 14,423 shares of the specialty chemicals company's stock worth $1,894,000 after purchasing an additional 83 shares during the period. Signaturefd LLC grew its holdings in International Flavors & Fragrances by 6.4% in the fourth quarter. Signaturefd LLC now owns 1,409 shares of the specialty chemicals company's stock worth $212,000 after purchasing an additional 85 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in International Flavors & Fragrances by 0.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,527 shares of the specialty chemicals company's stock worth $2,170,000 after purchasing an additional 89 shares during the period. Finally, Bank OZK grew its holdings in International Flavors & Fragrances by 1.1% in the fourth quarter. Bank OZK now owns 8,913 shares of the specialty chemicals company's stock worth $1,343,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 90.67% of the company's stock.
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International Flavors & Fragrances Stock Down 0.1 %
Shares of International Flavors & Fragrances stock opened at $122.26 on Monday. The company has a market cap of $31.16 billion, a price-to-earnings ratio of 56.08, a price-to-earnings-growth ratio of 2.13 and a beta of 1.02. The company's 50 day moving average is $122.32 and its 200 day moving average is $127.14. International Flavors & Fragrances Inc. has a twelve month low of $105.38 and a twelve month high of $157.08. The company has a quick ratio of 1.17, a current ratio of 1.86 and a debt-to-equity ratio of 0.51.
International Flavors & Fragrances (NYSE:IFF – Get Rating) last issued its quarterly earnings data on Monday, May 9th. The specialty chemicals company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.38. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.09 billion. International Flavors & Fragrances had a net
margin of 4.48% and a return on equity of 6.89%. The firm's revenue for the quarter was up 30.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.60 earnings per share. Research analysts anticipate that International Flavors & Fragrances Inc. will post 5.76 EPS for the current year.
International Flavors & Fragrances Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 6th. Shareholders of record on Friday, June 24th were given a $0.79 dividend. The ex-dividend date was Thursday, June 23rd. This represents a $3.16 annualized dividend and a yield of 2.58%. International Flavors & Fragrances's payout ratio is presently 144.95%.
Insiders Place Their Bets
In other International Flavors & Fragrances news, insider De Villeplee Christoph Fauchon sold 629 shares of the stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $132.59, for a total value of $83,399.11. Following the transaction, the insider now directly owns 8,180 shares in the company, valued at $1,084,586.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have weighed in on IFF. Deutsche Bank Aktiengesellschaft cut their price objective on shares of International Flavors & Fragrances from $165.00 to $145.00 in a report on Thursday, May 12th. Credit Suisse Group initiated coverage on shares of International Flavors & Fragrances in a report on Monday, June 27th. They issued an "outperform" rating and a $145.00 price objective on the stock. Wells Fargo & Company upped their target price on shares of International Flavors & Fragrances from $145.00 to $150.00 in a research note on Wednesday, May 11th. Bank of America dropped their target price on shares of International Flavors & Fragrances from $169.00 to $161.00 and set a "buy" rating on the stock in a research note on Wednesday, July 13th. Finally, Mizuho dropped their target price on shares of International Flavors & Fragrances from $147.00 to $145.00 in a research note on Wednesday, May 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $148.92.
About International Flavors & Fragrances
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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 Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.
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同社は最近、四半期配当金を発表し、配当金は7月6日水曜日に支払うと発表した。6月24日(金)に登録された株主は0.79ドルの配当を得た。除利日は六月二十三日木曜日です。これは年化配当金が3.16ドル、収益率が2.58%であることを意味する。国際香料会社の現在の配当率は144.95%である