5,997 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Bought by Focus Partners Wealth

Focus Partners Wealth acquired a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,997 shares of the specialty chemicals company’s stock, valued at approximately $521,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IFF. SBI Securities Co. Ltd. acquired a new stake in International Flavors & Fragrances in the 4th quarter valued at $32,000. Fairway Wealth LLC acquired a new stake in International Flavors & Fragrances in the 4th quarter valued at $34,000. Rialto Wealth Management LLC acquired a new stake in International Flavors & Fragrances in the 4th quarter valued at $42,000. Principal Securities Inc. increased its stake in International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 171 shares during the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth about $78,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on IFF. UBS Group boosted their price objective on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Barclays upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $76.00 to $84.00 in a research note on Thursday, May 8th. Robert W. Baird decreased their price target on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. JPMorgan Chase & Co. decreased their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Finally, Mizuho decreased their price target on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus target price of $92.54.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $77.84 on Wednesday. The company has a 50 day moving average of $75.82 and a 200-day moving average of $82.36. The company has a market cap of $19.91 billion, a PE ratio of 82.81, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the company earned $1.13 EPS. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.06%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances’s dividend payout ratio is presently -48.93%.

Insider Buying and Selling

In other International Flavors & Fragrances news, Director Kevin O’byrne acquired 6,500 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the purchase, the director now owns 6,500 shares of the company’s stock, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO J Erik Fyrwald acquired 700 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was acquired at an average cost of $74.00 per share, for a total transaction of $51,800.00. Following the completion of the purchase, the chief executive officer now directly owns 37,770 shares of the company’s stock, valued at approximately $2,794,980. This represents a 1.89% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 24,050 shares of company stock valued at $1,869,147 over the last ninety days. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.