Peoples Bank KS Sells 472 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Peoples Bank KS trimmed its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 6.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,242 shares of the specialty chemicals company’s stock after selling 472 shares during the period. Peoples Bank KS’s holdings in International Flavors & Fragrances were worth $612,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in International Flavors & Fragrances during the 3rd quarter worth approximately $27,000. Point72 Hong Kong Ltd acquired a new position in shares of International Flavors & Fragrances during the third quarter worth $42,000. Oakworth Capital Inc. bought a new stake in shares of International Flavors & Fragrances in the third quarter worth $44,000. Eastern Bank acquired a new stake in International Flavors & Fragrances in the third quarter valued at $46,000. Finally, Headlands Technologies LLC bought a new position in International Flavors & Fragrances during the 2nd quarter worth $48,000. 96.02% of the stock is currently owned by institutional investors.

Insider Activity at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction on Monday, November 11th. The stock was 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 directly owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. This represents a 60.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

International Flavors & Fragrances Stock Up 0.4 %

Shares of NYSE:IFF opened at $82.44 on Wednesday. The firm has a market cap of $21.08 billion, a P/E ratio of -9.07, a PEG ratio of 1.54 and a beta of 1.18. International Flavors & Fragrances Inc. has a 52-week low of $72.94 and a 52-week high of $106.77. The business’s 50 day simple moving average is $88.85 and its two-hundred day simple moving average is $96.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62.

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

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.94%. International Flavors & Fragrances’s dividend payout ratio is presently -17.60%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on IFF. Citigroup decreased their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. JPMorgan Chase & Co. lowered their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Oppenheimer upped their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Thursday, November 7th. Finally, Barclays increased their price target on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average price target of $110.21.

About International Flavors & Fragrances

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.