GAMMA Investing LLC Invests $219,000 in International Flavors & Fragrances Inc. (NYSE:IFF)

GAMMA Investing LLC acquired a new position in International Flavors & Fragrances Inc. (NYSE:IFF) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,713 shares of the specialty chemicals company’s stock, valued at approximately $219,000.

Other large investors have also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC increased its stake in International Flavors & Fragrances by 3,000.0% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 300 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in International Flavors & Fragrances during the 4th quarter worth approximately $41,000. Parkside Financial Bank & Trust increased its stake in International Flavors & Fragrances by 241.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company’s stock worth $51,000 after buying an additional 526 shares during the period. Janiczek Wealth Management LLC increased 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 worth $74,000 after buying an additional 756 shares during the period. Finally, Roble Belko & Company Inc purchased a new stake in International Flavors & Fragrances during the 4th quarter worth approximately $89,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Down 1.0 %

Shares of NYSE:IFF opened at $84.33 on Friday. The stock has a market cap of $21.53 billion, a P/E ratio of -8.40, a P/E/G ratio of 1.90 and a beta of 1.23. The firm has a fifty day moving average price of $81.99 and a 200 day moving average price of $77.93. 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 Inc. has a 1-year low of $62.11 and a 1-year high of $97.49.

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 for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 3.69 EPS for the current year.

International Flavors & Fragrances Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -15.94%.

Analyst Ratings Changes

Several brokerages recently weighed in on IFF. Barclays raised shares of International Flavors & Fragrances from an “underweight” rating to an “equal weight” rating in a research note on Thursday, April 18th. Citigroup raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and increased their price objective for the company from $81.00 to $100.00 in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Stifel Nicolaus dropped their price objective on shares of 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. Finally, Mizuho increased their price objective on shares of International Flavors & Fragrances from $83.00 to $91.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Hold” and an average target price of $86.35.

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.