Farther Finance Advisors LLC Buys 501 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Farther Finance Advisors LLC raised its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 48.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,534 shares of the specialty chemicals company’s stock after purchasing an additional 501 shares during the period. Farther Finance Advisors LLC’s holdings in International Flavors & Fragrances were worth $119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Securities Inc. lifted its position in shares of International Flavors & Fragrances by 36.6% during 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. Allworth Financial LP raised its stake in International Flavors & Fragrances by 319.6% in the 4th quarter. Allworth Financial LP now owns 2,723 shares of the specialty chemicals company’s stock valued at $233,000 after acquiring an additional 2,074 shares during the period. Sanctuary Advisors LLC lifted its holdings in International Flavors & Fragrances by 18.8% during the fourth quarter. Sanctuary Advisors LLC now owns 7,867 shares of the specialty chemicals company’s stock valued at $690,000 after purchasing an additional 1,246 shares during the last quarter. CIBC Asset Management Inc boosted its position in International Flavors & Fragrances by 4.7% during the fourth quarter. CIBC Asset Management Inc now owns 38,968 shares of the specialty chemicals company’s stock worth $3,295,000 after purchasing an additional 1,735 shares during the period. Finally, Truist Financial Corp increased its stake in shares of International Flavors & Fragrances by 0.7% in the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock worth $1,683,000 after purchasing an additional 129 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Kevin O’byrne bought 4,500 shares of the business’s stock in a transaction on Thursday, May 22nd. The stock was acquired at an average price of $76.05 per share, with a total value of $342,225.00. Following the transaction, the director now owns 7,696 shares in the company, valued at approximately $585,280.80. This trade represents a 140.80% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Beril Yildiz sold 2,400 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $77.33, for a total value of $185,592.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,321 shares in the company, valued at approximately $256,812.93. This represents a 41.95% decrease in their position. The disclosure for this sale can be found here. Insiders have bought a total of 22,050 shares of company stock valued at $1,688,512 in the last quarter. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on IFF shares. Tigress Financial initiated coverage on shares of International Flavors & Fragrances in a research note on Wednesday, June 4th. They set a “buy” rating and a $105.00 price target on the stock. Citigroup lifted their price objective on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Oppenheimer dropped their target price on International Flavors & Fragrances from $104.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird cut their price target on International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. Finally, Stifel Nicolaus decreased their price objective on International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average target price of $93.43.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $73.78 on Friday. The stock’s 50-day simple moving average is $76.04 and its two-hundred day simple moving average is $80.14. International Flavors & Fragrances Inc. has a twelve month low of $65.85 and a twelve month high of $106.77. The firm has a market capitalization of $18.87 billion, a P/E ratio of -22.56, a P/E/G ratio of 3.33 and a beta of 1.05. The company has a quick ratio of 1.39, a current ratio of 1.87 and a debt-to-equity ratio of 0.58.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a negative net margin of 7.31% and a positive return on equity of 7.99%. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the business earned $1.13 earnings per share. International Flavors & Fragrances’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances’s dividend payout ratio is -48.93%.

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.