International Flavors & Fragrances Inc. (NYSE:IFF) Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC increased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 25.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,545 shares of the specialty chemicals company’s stock after acquiring an additional 929 shares during the period. HB Wealth Management LLC’s holdings in International Flavors & Fragrances were worth $368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IFF. Premier Path Wealth Partners LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at $1,151,000. SG Americas Securities LLC grew its holdings in International Flavors & Fragrances by 399.4% in the fourth quarter. SG Americas Securities LLC now owns 17,128 shares of the specialty chemicals company’s stock valued at $1,387,000 after purchasing an additional 13,698 shares during the last quarter. BKM Wealth Management LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at $216,000. Raymond James Trust N.A. grew its holdings in International Flavors & Fragrances by 35.4% in the fourth quarter. Raymond James Trust N.A. now owns 6,872 shares of the specialty chemicals company’s stock valued at $556,000 after purchasing an additional 1,798 shares during the last quarter. Finally, Diligent Investors LLC grew its holdings in International Flavors & Fragrances by 15.6% in the fourth quarter. Diligent Investors LLC now owns 6,535 shares of the specialty chemicals company’s stock valued at $529,000 after purchasing an additional 884 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Up 5.2 %

Shares of International Flavors & Fragrances stock opened at $85.64 on Thursday. International Flavors & Fragrances Inc. has a 1-year low of $62.11 and a 1-year high of $97.49. The company has a market capitalization of $21.87 billion, a P/E ratio of -8.53, a PEG ratio of 1.82 and a beta of 1.22. The business’s fifty day moving average price is $80.27 and its two-hundred day moving average price is $75.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.03). International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the business posted $0.97 earnings per share. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, research analysts forecast that International Flavors & Fragrances Inc. will post 3.71 EPS for the current year.

International Flavors & Fragrances Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Friday, March 22nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, March 21st. International Flavors & Fragrances’s payout ratio is -15.94%.

Wall Street Analyst Weigh In

Several research firms have weighed in on IFF. Barclays upped their target price on International Flavors & Fragrances from $64.00 to $69.00 and gave the company an “underweight” rating in a report on Friday, January 12th. Stifel Nicolaus reduced their price objective on International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, February 21st. Robert W. Baird upped their price objective on International Flavors & Fragrances from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. UBS Group upped their price objective on International Flavors & Fragrances from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, January 11th. Finally, StockNews.com upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Hold” and an average target price of $84.29.

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.