PARK CIRCLE Co Buys 300 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

PARK CIRCLE Co raised its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 300.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 400 shares of the specialty chemicals company’s stock after acquiring an additional 300 shares during the period. PARK CIRCLE Co’s holdings in International Flavors & Fragrances were worth $32,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Personal Financial Services increased its stake in shares of International Flavors & Fragrances by 59.5% during the second quarter. First Personal Financial Services now owns 319 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 119 shares during the period. Clear Street Markets LLC purchased a new position in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $27,000. Fiduciary Alliance LLC purchased a new stake in International Flavors & Fragrances in the second quarter worth $30,000. Penserra Capital Management LLC purchased a new stake in International Flavors & Fragrances in the fourth quarter worth $31,000. Finally, Covestor Ltd grew its stake in International Flavors & Fragrances by 48.8% in the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 80 shares during the period. Institutional investors own 89.52% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF traded down $0.30 during midday trading on Monday, reaching $73.64. 572,308 shares of the company’s stock traded hands, compared to its average volume of 2,144,670. The company has a market cap of $18.80 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 quick ratio of 1.04 and a current ratio of 1.74. International Flavors & Fragrances Inc. has a one year low of $62.11 and a one year high of $118.34. The stock has a 50 day moving average of $68.10 and a 200 day moving average of $74.32.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Monday, November 6th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company posted $1.36 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. As a group, equities research analysts anticipate that International Flavors & Fragrances Inc. will post 3.35 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Thursday, December 28th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Wednesday, December 27th. International Flavors & Fragrances’s dividend payout ratio is 1,800.00%.

Analysts Set New Price Targets

Several brokerages recently weighed in on IFF. JPMorgan Chase & Co. reduced their price target 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. Citigroup reduced their price target on International Flavors & Fragrances from $84.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 9th. Societe Generale downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a report on Tuesday, August 8th. Barclays dropped their target price on International Flavors & Fragrances from $60.00 to $57.00 and set an “underweight” rating on the stock in a report on Thursday, October 12th. Finally, Mizuho dropped their target price on International Flavors & Fragrances from $105.00 to $70.00 in a report on Thursday, August 10th. One 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $76.27.

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