By otakuyassine3@gmail.com 
Fort Washington Investment Advisors Inc. OH raised its position in International Flavors & Fragrances Inc. (NYSE:IFF – Free Report) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,366,218 shares of the specialty chemicals company’s stock after buying an additional 3,442 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.53% of International Flavors & Fragrances worth $115,514,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. State Street Corp boosted its stake in International Flavors & Fragrances by 1.9% during the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after purchasing an additional 196,696 shares during the period. Geode Capital Management LLC boosted its stake in shares of International Flavors & Fragrances by 1.3% during the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock worth $628,341,000 after buying an additional 77,521 shares during the period. Nordea Investment Management AB grew its holdings in shares of International Flavors & Fragrances by 25.7% during the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock worth $464,926,000 after buying an additional 1,121,414 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in International Flavors & Fragrances by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock valued at $157,271,000 after acquiring an additional 16,590 shares during the period. Finally, Albar Capital Ltd raised its stake in International Flavors & Fragrances by 73.5% during the 2nd quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock valued at $109,133,000 after acquiring an additional 485,433 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.
International Flavors & Fragrances Price Performance
Shares of NYSE IFF opened at $85.55 on Wednesday. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average price is $86.60 and its 200 day moving average price is $95.39. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. The stock has a market cap of $21.87 billion, a price-to-earnings ratio of -9.41, a PEG ratio of 1.45 and a beta of 1.18.
International Flavors & Fragrances (NYSE:IFF – Get Free Report) 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 business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share. As a group, research analysts forecast that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current fiscal year.
International Flavors & Fragrances Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.87%. International Flavors & Fragrances’s payout ratio is currently -17.60%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on IFF shares. JPMorgan Chase & Co. dropped their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Citigroup cut their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Barclays dropped their price target on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and an average target price of $109.23.
View Our Latest Analysis on International Flavors & Fragrances
Insider Buying and Selling
In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the transaction, the insider now owns 3,238 shares in the company, valued at $297,086.50. This trade represents a 60.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.09% of the company’s stock.
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.
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