International Flavors & Fragrances Inc. (NYSE:IFF) Shares Bought by HF Advisory Group LLC

HF Advisory Group LLC increased its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 8.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,282 shares of the specialty chemicals company’s stock after purchasing an additional 561 shares during the quarter. HF Advisory Group LLC’s holdings in International Flavors & Fragrances were worth $616,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in IFF. American Century Companies Inc. boosted its position in shares of International Flavors & Fragrances by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 40,507 shares of the specialty chemicals company’s stock valued at $3,857,000 after purchasing an additional 5,008 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of International Flavors & Fragrances by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company’s stock worth $167,244,000 after buying an additional 123,693 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of International Flavors & Fragrances by 17.7% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,399 shares of the specialty chemicals company’s stock worth $419,000 after acquiring an additional 660 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of International Flavors & Fragrances by 33.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,425 shares of the specialty chemicals company’s stock valued at $517,000 after acquiring an additional 1,356 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in International Flavors & Fragrances by 23.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,361 shares of the specialty chemicals company’s stock worth $1,430,000 after purchasing an additional 2,889 shares during the period. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Stock Up 0.5 %

Shares of IFF stock opened at $84.87 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The stock’s 50 day simple moving average is $86.80 and its 200 day simple moving average is $95.53. International Flavors & Fragrances Inc. has a twelve month low of $72.94 and a twelve month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. International Flavors & Fragrances’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.89%. International Flavors & Fragrances’s payout ratio is presently -17.60%.

Insider Activity at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the sale, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research report on Thursday, November 7th. Stifel Nicolaus increased their target price on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. dropped their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $109.23.

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.