Bfsg LLC Takes Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Bfsg LLC acquired a new position in International Flavors & Fragrances Inc. (NYSE:IFF) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,410 shares of the specialty chemicals company’s stock, valued at approximately $114,000.

Other large investors also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC grew its position 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 buying an additional 300 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in International Flavors & Fragrances during the fourth quarter worth approximately $41,000. Parkside Financial Bank & Trust lifted its position in International Flavors & Fragrances by 241.3% in the third quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 526 shares during the period. Janiczek Wealth Management LLC boosted its stake in International Flavors & Fragrances by 466.7% during the 4th quarter. Janiczek Wealth Management LLC now owns 918 shares of the specialty chemicals company’s stock valued at $74,000 after purchasing an additional 756 shares in the last quarter. Finally, Roble Belko & Company Inc bought a new stake in shares of International Flavors & Fragrances in the 4th quarter worth $89,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their target price on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Mizuho lifted their price target on shares of International Flavors & Fragrances from $83.00 to $91.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Argus lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Finally, Wolfe Research began coverage on International Flavors & Fragrances in a research note on Friday, March 1st. They issued an “underperform” rating on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.35.

International Flavors & Fragrances Stock Down 1.8 %

IFF stock traded down $1.53 during mid-day trading on Thursday, hitting $83.61. The stock had a trading volume of 188,163 shares, compared to its average volume of 2,110,872. The stock has a market capitalization of $21.35 billion, a price-to-earnings ratio of -8.48, a PEG ratio of 1.91 and a beta of 1.23. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63. International Flavors & Fragrances Inc. has a 1-year low of $62.11 and a 1-year high of $97.49. The company has a fifty day moving average of $81.92 and a 200 day moving average of $77.89.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the firm earned $0.97 earnings per share. International Flavors & Fragrances’s revenue was down 5.0% compared to the same quarter last year. On average, equities analysts expect that International Flavors & Fragrances Inc. will post 3.69 EPS for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, March 21st. International Flavors & Fragrances’s dividend payout ratio is currently -15.94%.

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 the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.