Moody National Bank Trust Division Invests $283,000 in International Flavors & Fragrances Inc. (NYSE:IFF)

Moody National Bank Trust Division purchased a new position in International Flavors & Fragrances Inc. (NYSE:IFFGet Rating) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,378 shares of the specialty chemicals company’s stock, valued at approximately $283,000.

Several other large investors also recently bought and sold shares of the business. Covestor Ltd bought a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at about $25,000. Atwood & Palmer Inc. lifted its holdings in International Flavors & Fragrances by 1,718.2% in the 1st quarter. Atwood & Palmer Inc. now owns 200 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 189 shares in the last quarter. CVA Family Office LLC lifted its holdings in International Flavors & Fragrances by 512.5% in the 1st quarter. CVA Family Office LLC now owns 245 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 205 shares in the last quarter. Nauset Wealth Management. LLC purchased a new position in International Flavors & Fragrances in the 1st quarter worth approximately $37,000. Finally, Allworth Financial LP raised its holdings in shares of International Flavors & Fragrances by 330.6% during the 1st quarter. Allworth Financial LP now owns 310 shares of the specialty chemicals company’s stock worth $41,000 after acquiring an additional 238 shares in the last quarter. 89.74% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Trading Down 1.3 %

NYSE:IFF opened at $101.56 on Wednesday. The stock has a 50-day simple moving average of $117.06 and a 200-day simple moving average of $121.81. The stock has a market cap of $25.89 billion, a P/E ratio of 40.62, a P/E/G ratio of 1.93 and a beta of 1.02. International Flavors & Fragrances Inc. has a 1 year low of $100.83 and a 1 year high of $155.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.64.

International Flavors & Fragrances (NYSE:IFFGet Rating) last posted its quarterly earnings data on Monday, August 8th. The specialty chemicals company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.42 by $0.12. The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.25 billion. International Flavors & Fragrances had a return on equity of 7.05% and a net margin of 5.03%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 EPS. As a group, analysts anticipate that International Flavors & Fragrances Inc. will post 5.76 earnings per share for the current fiscal year.

International Flavors & Fragrances Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Friday, September 23rd will be issued a $0.81 dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.19%. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.79. International Flavors & Fragrances’s dividend payout ratio is currently 126.40%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Bank of America decreased their price objective on International Flavors & Fragrances from $169.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday, July 13th. Wells Fargo & Company cut their price objective on International Flavors & Fragrances from $150.00 to $147.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 10th. Robert W. Baird dropped their price target on International Flavors & Fragrances from $160.00 to $140.00 in a research report on Wednesday, August 10th. Citigroup restated a “neutral” rating and set a $126.00 price objective on shares of International Flavors & Fragrances in a research note on Thursday, August 11th. Finally, Jefferies Financial Group cut International Flavors & Fragrances from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $170.00 to $101.00 in a research note on Thursday, June 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus target price of $144.14.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, EVP Francisco Fortanet sold 10,000 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $125.00, for a total transaction of $1,250,000.00. Following the transaction, the executive vice president now owns 17,237 shares of the company’s stock, valued at approximately $2,154,625. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is owned by insiders.

International Flavors & Fragrances Profile

(Get Rating)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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