Atria Wealth Solutions Inc. Boosts Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Atria Wealth Solutions Inc. boosted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 3.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,682 shares of the specialty chemicals company’s stock after acquiring an additional 319 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in International Flavors & Fragrances were worth $710,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Bfsg LLC acquired a new stake in International Flavors & Fragrances during the 4th quarter worth approximately $114,000. GAMMA Investing LLC purchased a new stake in shares of International Flavors & Fragrances during the fourth quarter worth approximately $219,000. Parkside Financial Bank & Trust grew its position in International Flavors & Fragrances by 21.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 901 shares of the specialty chemicals company’s stock valued at $73,000 after buying an additional 157 shares during the last quarter. Roble Belko & Company Inc purchased a new position in International Flavors & Fragrances during the 4th quarter worth $89,000. Finally, Cohen Capital Management Inc. acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter worth $226,000. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $86.64 on Friday. The company has a market cap of $22.12 billion, a P/E ratio of -8.63, a P/E/G ratio of 1.94 and a beta of 1.21. The business has a fifty day simple moving average of $82.62 and a 200-day simple moving average of $78.78. International Flavors & Fragrances Inc. has a 52 week low of $62.11 and a 52 week high of $97.49. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.03). International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the firm earned $0.97 EPS. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 3.68 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st will be issued a $0.40 dividend. The ex-dividend date is Friday, June 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.85%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -15.94%.

Analyst Ratings Changes

A number of equities research analysts recently commented on IFF shares. Argus downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Morgan Stanley lifted their price target on International Flavors & Fragrances from $89.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. Jefferies Financial Group upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and boosted their target price for the stock from $73.00 to $112.00 in a research report on Friday, January 12th. StockNews.com upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Finally, Stifel Nicolaus lowered their target price on shares of International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $86.35.

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 the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.