1,410 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Purchased by Bfsg LLC

Bfsg LLC bought a new position in International Flavors & Fragrances Inc. (NYSE:IFF) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,410 shares of the specialty chemicals company’s stock, valued at approximately $114,000.

Other institutional investors have also recently made changes to their positions in the company. Alliance Wealth Advisors LLC UT lifted its position in International Flavors & Fragrances by 3.2% during the third quarter. Alliance Wealth Advisors LLC UT now owns 4,840 shares of the specialty chemicals company’s stock valued at $330,000 after purchasing an additional 148 shares during the period. Federated Hermes Inc. grew its holdings in shares of International Flavors & Fragrances by 9.7% in the third quarter. Federated Hermes Inc. now owns 1,712 shares of the specialty chemicals company’s stock worth $117,000 after acquiring an additional 152 shares during the period. IFG Advisory LLC increased its position in International Flavors & Fragrances by 4.0% during the fourth quarter. IFG Advisory LLC now owns 4,000 shares of the specialty chemicals company’s stock valued at $324,000 after acquiring an additional 155 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in International Flavors & Fragrances by 21.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 901 shares of the specialty chemicals company’s stock worth $73,000 after purchasing an additional 157 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in shares of International Flavors & Fragrances by 3.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 4,388 shares of the specialty chemicals company’s stock valued at $299,000 after purchasing an additional 161 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on IFF shares. Morgan Stanley upped their target price on shares of International Flavors & Fragrances from $89.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. Jefferies Financial Group raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and boosted their price target for the company from $73.00 to $112.00 in a report on Friday, January 12th. Mizuho lifted their price objective on International Flavors & Fragrances from $83.00 to $91.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Robert W. Baird increased their target price on shares of International Flavors & Fragrances from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Finally, Barclays upgraded shares of International Flavors & Fragrances from an “underweight” rating to an “equal weight” rating in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $86.35.

International Flavors & Fragrances Trading Down 1.8 %

IFF traded down $1.53 on Thursday, reaching $83.61. 188,163 shares of the company traded hands, compared to its average volume of 2,110,872. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. The company has a market cap of $21.35 billion, a P/E ratio of -8.48, a price-to-earnings-growth ratio of 1.91 and a beta of 1.23. The firm has a fifty day simple moving average of $81.92 and a two-hundred day simple moving average of $77.89. International Flavors & Fragrances Inc. has a one year low of $62.11 and a one year high of $97.49.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.03). The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.70 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. As a group, equities research analysts expect that International Flavors & Fragrances Inc. will post 3.69 earnings per share for the current year.

International Flavors & Fragrances Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.91%. International Flavors & Fragrances’s payout ratio is presently -15.94%.

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.