Graypoint LLC Takes $249,000 Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Graypoint LLC bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,081 shares of the specialty chemicals company’s stock, valued at approximately $249,000.

Several other institutional investors have also recently bought and sold shares of IFF. Blue Bell Private Wealth Management LLC lifted its stake in International Flavors & Fragrances by 3,000.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 300 shares in the last quarter. Clear Street Markets LLC bought a new stake in International Flavors & Fragrances in the 4th quarter valued at approximately $27,000. Penserra Capital Management LLC bought a new stake in International Flavors & Fragrances in the 4th quarter valued at approximately $31,000. Covestor Ltd lifted its stake in International Flavors & Fragrances by 48.8% in the 1st quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 80 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in International Flavors & Fragrances in the 4th quarter valued at approximately $41,000. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 1.2 %

IFF opened at $82.59 on Tuesday. The business has a fifty day simple moving average of $81.42 and a 200 day simple moving average of $77.05. International Flavors & Fragrances Inc. has a 1 year low of $62.11 and a 1 year high of $97.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.70 billion. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The business’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 3.69 earnings per share for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.94%. International Flavors & Fragrances’s payout ratio is -15.94%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on IFF shares. Mizuho boosted their price target on International Flavors & Fragrances from $83.00 to $91.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Robert W. Baird boosted their price target on International Flavors & Fragrances from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. UBS Group boosted their price target on International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Finally, Citigroup raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $81.00 to $100.00 in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $86.35.

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.