Focus Partners Advisor Solutions LLC Acquires New Stake in International Flavors & Fragrances Inc. $IFF

Focus Partners Advisor Solutions LLC bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,372 shares of the specialty chemicals company’s stock, valued at approximately $708,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its position in shares of International Flavors & Fragrances by 896.4% in the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 493 shares during the last quarter. Elkhorn Partners Limited Partnership boosted its position in International Flavors & Fragrances by 200.0% during the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 400 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 210 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in International Flavors & Fragrances in the 2nd quarter worth approximately $49,000. Finally, Transamerica Financial Advisors LLC raised its holdings in International Flavors & Fragrances by 884.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after acquiring an additional 610 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on IFF shares. Weiss Ratings restated a “sell (d-)” rating on shares of International Flavors & Fragrances in a report on Monday, December 29th. Barclays increased their target price on International Flavors & Fragrances from $78.00 to $91.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft raised their price target on International Flavors & Fragrances from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Wells Fargo & Company upped their price objective on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Finally, Rothschild & Co Redburn increased their price objective on shares of International Flavors & Fragrances from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Thirteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.09.

International Flavors & Fragrances Stock Down 2.4%

Shares of NYSE:IFF opened at $73.60 on Friday. The stock has a 50-day simple moving average of $74.21 and a 200-day simple moving average of $68.04. The stock has a market capitalization of $18.80 billion, a P/E ratio of -53.72, a PEG ratio of 1.93 and a beta of 0.99. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $84.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.05). The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 EPS. Equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, March 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -116.79%.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.