International Flavors & Fragrances Inc. (NYSE:IFF) Position Raised by Private Advisor Group LLC

Private Advisor Group LLC grew its position in shares of International Flavors & Fragrances Inc. (NYSE:IFFFree Report) by 16.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 18,860 shares of the specialty chemicals company’s stock after purchasing an additional 2,600 shares during the quarter. Private Advisor Group LLC’s holdings in International Flavors & Fragrances were worth $1,622,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of IFF. Blue Bell Private Wealth Management LLC boosted its position in shares of International Flavors & Fragrances by 3,000.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 300 shares during the period. Riverview Trust Co acquired a new position in shares of International Flavors & Fragrances in the first quarter worth about $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of International Flavors & Fragrances in the fourth quarter worth approximately $41,000. Principal Securities Inc. acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $43,000. Finally, Sachetta LLC purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $50,000. Institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling

In other news, insider Angela Strzelecki sold 2,588 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total value of $247,568.08. Following the sale, the insider now directly owns 8,539 shares in the company, valued at approximately $816,840.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.09% of the company’s stock.

International Flavors & Fragrances Stock Down 0.5 %

Shares of IFF stock opened at $96.84 on Wednesday. The stock has a 50 day moving average of $95.50 and a 200-day moving average of $86.41. The firm has a market cap of $24.73 billion, a PE ratio of -9.91, a price-to-earnings-growth ratio of 1.88 and a beta of 1.26. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. International Flavors & Fragrances Inc. has a 12 month low of $62.11 and a 12 month high of $99.91.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last issued its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.27. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the prior year, the firm earned $0.87 EPS. The business’s revenue was down 4.2% on a year-over-year basis. On average, equities analysts predict that International Flavors & Fragrances Inc. will post 3.97 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 21st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.65%. International Flavors & Fragrances’s payout ratio is currently -16.38%.

Analyst Upgrades and Downgrades

IFF has been the subject of a number of research analyst reports. Mizuho increased their target price on International Flavors & Fragrances from $91.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Bank of America lifted their price target on International Flavors & Fragrances from $87.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, May 10th. Citigroup increased their price objective on International Flavors & Fragrances from $100.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Stifel Nicolaus boosted their target price on shares of International Flavors & Fragrances from $87.00 to $95.00 and gave the stock a “hold” rating in a research report on Tuesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Hold” and an average price target of $96.78.

Get Our Latest Analysis on IFF

About International Flavors & Fragrances

(Free Report)

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.

Further Reading

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

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