2,713 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Acquired by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,713 shares of the specialty chemicals company’s stock, valued at approximately $219,000.

Several other hedge funds have also added to or reduced their stakes in IFF. Blue Bell Private Wealth Management LLC lifted its holdings in International Flavors & Fragrances by 3,000.0% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 300 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in International Flavors & Fragrances during the 4th quarter worth approximately $41,000. Parkside Financial Bank & Trust lifted its holdings in International Flavors & Fragrances by 241.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 526 shares during the last quarter. Janiczek Wealth Management LLC raised its holdings in International Flavors & Fragrances by 466.7% in the 4th quarter. Janiczek Wealth Management LLC now owns 918 shares of the specialty chemicals company’s stock valued at $74,000 after acquiring an additional 756 shares in the last quarter. Finally, Roble Belko & Company Inc acquired a new position in International Flavors & Fragrances in the 4th quarter valued at $89,000. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Down 1.0 %

Shares of NYSE:IFF opened at $84.33 on Friday. The company has a market capitalization of $21.53 billion, a price-to-earnings ratio of -8.40, a P/E/G ratio of 1.90 and a beta of 1.23. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02. The business’s 50-day moving average is $81.99 and its 200-day moving average is $77.93. International Flavors & Fragrances Inc. has a 1 year low of $62.11 and a 1 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 analysts’ consensus estimates of $0.75 by ($0.03). International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. Equities research analysts predict that International Flavors & Fragrances Inc. will post 3.69 earnings per share for the current year.

International Flavors & Fragrances Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Thursday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -15.94%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Mizuho lifted their price objective on International Flavors & Fragrances from $83.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Stifel Nicolaus dropped their price objective on International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating for the company in a report on Wednesday, February 21st. Argus lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. Robert W. Baird lifted their price target on International Flavors & Fragrances from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, Wells Fargo & Company lifted their price target on International Flavors & Fragrances from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Hold” and an average target price of $86.35.

International Flavors & Fragrances 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.