Spire Wealth Management Has $406,000 Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Spire Wealth Management lifted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,106 shares of the specialty chemicals company’s stock after acquiring an additional 253 shares during the quarter. Spire Wealth Management’s holdings in International Flavors & Fragrances were worth $406,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of IFF. Price T Rowe Associates Inc. MD boosted its holdings in shares of International Flavors & Fragrances by 59.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,772,700 shares of the specialty chemicals company’s stock worth $814,890,000 after acquiring an additional 2,890,737 shares in the last quarter. State Street Corp boosted its holdings in shares of International Flavors & Fragrances by 26.9% in the 1st quarter. State Street Corp now owns 13,374,991 shares of the specialty chemicals company’s stock worth $1,240,654,000 after acquiring an additional 2,835,689 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in International Flavors & Fragrances by 98,160.5% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,184,039 shares of the specialty chemicals company’s stock worth $94,238,000 after buying an additional 1,182,834 shares in the last quarter. Norges Bank acquired a new position in International Flavors & Fragrances during the 4th quarter worth $108,968,000. Finally, Van ECK Associates Corp lifted its holdings in International Flavors & Fragrances by 42.3% during the 2nd quarter. Van ECK Associates Corp now owns 2,930,479 shares of the specialty chemicals company’s stock worth $233,237,000 after buying an additional 870,797 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Performance

IFF opened at $73.94 on Friday. The business’s 50-day moving average price is $68.10 and its two-hundred day moving average price is $74.61. International Flavors & Fragrances Inc. has a 1 year low of $62.11 and a 1 year high of $118.34. The company has a market capitalization of $18.88 billion, a price-to-earnings ratio of 410.78, a P/E/G ratio of 5.78 and a beta of 1.16. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.74 and a quick ratio of 1.04.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Monday, November 6th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.14. International Flavors & Fragrances had a return on equity of 5.22% and a net margin of 0.40%. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the business posted $1.36 EPS. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. Equities analysts expect that International Flavors & Fragrances Inc. will post 3.35 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Thursday, December 28th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date is Wednesday, December 27th. International Flavors & Fragrances’s dividend payout ratio is currently 1,800.00%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Societe Generale lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research report on Tuesday, August 8th. Credit Suisse Group dropped their price objective on International Flavors & Fragrances from $110.00 to $95.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 8th. Mizuho dropped their price objective on International Flavors & Fragrances from $105.00 to $70.00 in a research note on Thursday, August 10th. Finally, JPMorgan Chase & Co. dropped their price objective on International Flavors & Fragrances from $83.00 to $67.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Hold” and an average target price of $76.27.

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 Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through four segments: Nourish, Scent, Health & Biosciences, and Pharma Solutions.