International Flavors & Fragrances Inc. (NYSE:IFF) Shares Bought by Horizon Investments LLC

Horizon Investments LLC raised its position in International Flavors & Fragrances Inc. (NYSE:IFFGet Rating) by 21.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 10,454 shares of the specialty chemicals company’s stock after buying an additional 1,868 shares during the quarter. Horizon Investments LLC’s holdings in International Flavors & Fragrances were worth $1,373,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in IFF. American Century Companies Inc. increased its holdings in shares of International Flavors & Fragrances by 71.3% in the 4th quarter. American Century Companies Inc. now owns 2,822 shares of the specialty chemicals company’s stock valued at $425,000 after purchasing an additional 1,175 shares in the last quarter. HighTower Advisors LLC increased its stake in International Flavors & Fragrances by 21.9% in the 4th quarter. HighTower Advisors LLC now owns 16,545 shares of the specialty chemicals company’s stock valued at $2,496,000 after purchasing an additional 2,970 shares in the last quarter. Citigroup Inc. boosted its position in International Flavors & Fragrances by 4.0% during the fourth quarter. Citigroup Inc. now owns 165,476 shares of the specialty chemicals company’s stock worth $24,929,000 after purchasing an additional 6,351 shares in the last quarter. Rhumbline Advisers increased its position in shares of International Flavors & Fragrances by 3.5% in the fourth quarter. Rhumbline Advisers now owns 383,207 shares of the specialty chemicals company’s stock valued at $57,730,000 after buying an additional 13,129 shares in the last quarter. Finally, Covestor Ltd purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter worth about $25,000. Hedge funds and other institutional investors own 89.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Wednesday, May 18th. Barclays raised their price target on shares of International Flavors & Fragrances from $102.00 to $105.00 and gave the stock an “underweight” rating in a research note on Thursday, August 11th. Citigroup reissued a “neutral” rating and set a $126.00 price objective on shares of International Flavors & Fragrances in a research note on Thursday, August 11th. Bank of America lowered their target price on shares of International Flavors & Fragrances from $169.00 to $161.00 and set a “buy” rating for the company in a research note on Wednesday, July 13th. Finally, Wells Fargo & Company lowered their price objective on shares of International Flavors & Fragrances from $150.00 to $147.00 and set an “overweight” rating for the company in a research note on Wednesday, August 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $144.14.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $114.49 on Monday. The stock has a market capitalization of $29.19 billion, a price-to-earnings ratio of 45.80, a PEG ratio of 2.16 and a beta of 1.02. The firm has a fifty day simple moving average of $118.62 and a 200-day simple moving average of $122.91. The company has a current ratio of 1.64, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. International Flavors & Fragrances Inc. has a 1-year low of $105.38 and a 1-year high of $155.00.

International Flavors & Fragrances (NYSE:IFFGet Rating) last released its earnings results on Monday, August 8th. The specialty chemicals company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.12. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.25 billion. International Flavors & Fragrances had a return on equity of 7.05% and a net margin of 5.03%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the business earned $1.50 earnings per share. On average, sell-side analysts expect that International Flavors & Fragrances Inc. will post 5.76 earnings per share for the current year.

International Flavors & Fragrances Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Friday, September 23rd will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, September 22nd. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.79. International Flavors & Fragrances’s dividend payout ratio (DPR) is 126.40%.

Insider Transactions at International Flavors & Fragrances

In other news, EVP Francisco Fortanet sold 10,000 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $125.00, for a total value of $1,250,000.00. Following the transaction, the executive vice president now owns 17,237 shares of the company’s stock, valued at approximately $2,154,625. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Company Profile

(Get Rating)

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.

See Also

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

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