Moody National Bank Trust Division Makes New $283,000 Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

Moody National Bank Trust Division acquired a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFFGet Rating) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 2,378 shares of the specialty chemicals company’s stock, valued at approximately $283,000.

Several other large investors also recently made changes to their positions in the stock. Covestor Ltd bought a new position in International Flavors & Fragrances in the fourth quarter valued at $25,000. Atwood & Palmer Inc. lifted its stake in International Flavors & Fragrances by 1,718.2% in the first quarter. Atwood & Palmer Inc. now owns 200 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 189 shares during the last quarter. CVA Family Office LLC lifted its stake in shares of International Flavors & Fragrances by 512.5% during the 1st quarter. CVA Family Office LLC now owns 245 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 205 shares during the last quarter. Nauset Wealth Management. LLC acquired a new stake in shares of International Flavors & Fragrances during the 1st quarter worth about $37,000. Finally, Allworth Financial LP lifted its stake in shares of International Flavors & Fragrances by 330.6% during the 1st quarter. Allworth Financial LP now owns 310 shares of the specialty chemicals company’s stock worth $41,000 after buying an additional 238 shares during the last quarter. Institutional investors own 89.74% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Citigroup reiterated a “neutral” rating and issued a $126.00 price objective on shares of International Flavors & Fragrances in a research note on Thursday, August 11th. Bank of America decreased their price target on shares of International Flavors & Fragrances from $169.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday, July 13th. Morgan Stanley reduced their target price on shares of International Flavors & Fragrances from $160.00 to $149.00 and set an “overweight” rating on the stock in a report on Thursday, August 11th. Credit Suisse Group assumed coverage on shares of International Flavors & Fragrances in a research report on Monday, June 27th. They issued an “outperform” rating and a $145.00 price target on the stock. Finally, Robert W. Baird dropped their price target on shares of International Flavors & Fragrances from $160.00 to $140.00 in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.14.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $101.56 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $25.89 billion, a P/E ratio of 40.62, a P/E/G ratio of 1.93 and a beta of 1.02. The business has a fifty day simple moving average of $117.06 and a two-hundred day simple moving average of $121.81. International Flavors & Fragrances Inc. has a 12 month low of $100.83 and a 12 month high of $155.00.

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

International Flavors & Fragrances Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Friday, September 23rd will be paid a dividend of $0.81 per share. This is an increase from International Flavors & Fragrances’s previous quarterly dividend of $0.79. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, September 22nd. International Flavors & Fragrances’s payout ratio is currently 126.40%.

Insider Activity at International Flavors & Fragrances

In related news, EVP Francisco Fortanet sold 10,000 shares of the business’s stock in a transaction that occurred 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 directly owns 17,237 shares of the company’s stock, valued at approximately $2,154,625. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

About International Flavors & Fragrances

(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.

Featured Articles

Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Flavors & Fragrances Inc. (NYSE:IFFGet Rating).

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

Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.