International Flavors & Fragrances Inc. (NYSE:IFF) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lifted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 21.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 901 shares of the specialty chemicals company’s stock after acquiring an additional 157 shares during the period. Parkside Financial Bank & Trust’s holdings in International Flavors & Fragrances were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IFF. CWM LLC raised its holdings in International Flavors & Fragrances by 195.8% during the third quarter. CWM LLC now owns 4,972 shares of the specialty chemicals company’s stock worth $339,000 after purchasing an additional 3,291 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in International Flavors & Fragrances by 13.2% during the third quarter. DAVENPORT & Co LLC now owns 6,943 shares of the specialty chemicals company’s stock worth $473,000 after purchasing an additional 809 shares in the last quarter. Oak Thistle LLC raised its holdings in International Flavors & Fragrances by 14.8% during the third quarter. Oak Thistle LLC now owns 4,340 shares of the specialty chemicals company’s stock worth $296,000 after purchasing an additional 561 shares in the last quarter. Czech National Bank raised its holdings in International Flavors & Fragrances by 47.7% during the third quarter. Czech National Bank now owns 44,613 shares of the specialty chemicals company’s stock worth $3,041,000 after purchasing an additional 14,416 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of International Flavors & Fragrances by 9.8% in the third quarter. Asset Management One Co. Ltd. now owns 117,198 shares of the specialty chemicals company’s stock valued at $7,989,000 after buying an additional 10,501 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Mizuho boosted their target price on shares of International Flavors & Fragrances from $83.00 to $91.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. UBS Group boosted their target price on shares of International Flavors & Fragrances from $78.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. Argus downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. StockNews.com upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Finally, Robert W. Baird boosted their price target on shares of International Flavors & Fragrances from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. One investment 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $86.35.

International Flavors & Fragrances Trading Down 1.0 %

Shares of NYSE:IFF opened at $84.33 on Friday. The stock has a market capitalization of $21.53 billion, a PE ratio of -8.40, a P/E/G ratio of 1.90 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 firm has a fifty day moving average price of $81.99 and a 200 day moving average price of $77.93.

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 firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.70 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The firm’s revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Analysts expect that International Flavors & Fragrances Inc. will post 3.69 EPS for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

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

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.