Parkside Financial Bank & Trust Boosts Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Parkside Financial Bank & Trust lifted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 21.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 901 shares of the specialty chemicals company’s stock after buying an additional 157 shares during the quarter. Parkside Financial Bank & Trust’s holdings in International Flavors & Fragrances were worth $73,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Roble Belko & Company Inc purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at $89,000. Cohen Capital Management Inc. purchased a new stake in International Flavors & Fragrances during the 4th quarter worth about $226,000. New York State Common Retirement Fund increased its holdings in International Flavors & Fragrances by 1.4% during the 4th quarter. New York State Common Retirement Fund now owns 351,490 shares of the specialty chemicals company’s stock worth $28,460,000 after purchasing an additional 4,932 shares during the period. OLD National Bancorp IN purchased a new stake in International Flavors & Fragrances during the 4th quarter worth about $207,000. Finally, Handelsbanken Fonder AB increased its holdings in International Flavors & Fragrances by 105.1% during the 4th quarter. Handelsbanken Fonder AB now owns 127,187 shares of the specialty chemicals company’s stock worth $10,298,000 after purchasing an additional 65,187 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on IFF. Argus downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Morgan Stanley upped their price objective on International Flavors & Fragrances from $89.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. Jefferies Financial Group raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their price objective for the stock from $73.00 to $112.00 in a research report on Friday, January 12th. Wells Fargo & Company upped their price objective on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. One 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $86.35.

International Flavors & Fragrances Stock Down 1.0 %

International Flavors & Fragrances stock opened at $84.33 on Friday. International Flavors & Fragrances Inc. has a twelve month low of $62.11 and a twelve month high of $97.49. The stock has a 50 day moving average of $81.99 and a two-hundred day moving average of $77.93. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $21.53 billion, a price-to-earnings ratio of -8.40, a PEG ratio of 1.90 and a beta of 1.23.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the business posted $0.97 earnings per share. The firm’s revenue was down 5.0% compared to the same quarter last year. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.90%. International Flavors & Fragrances’s payout ratio is -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.