Everett Harris & Co. CA Acquires 5,915 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Everett Harris & Co. CA lifted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 30.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,140 shares of the specialty chemicals company’s stock after purchasing an additional 5,915 shares during the quarter. Everett Harris & Co. CA’s holdings in International Flavors & Fragrances were worth $2,162,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC grew its position in shares of International Flavors & Fragrances by 3,000.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. Riverview Trust Co bought a new position in shares of International Flavors & Fragrances in the first quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of International Flavors & Fragrances in the fourth quarter valued at about $41,000. Principal Securities Inc. bought a new position in International Flavors & Fragrances during the 4th quarter valued at approximately $43,000. Finally, Optiver Holding B.V. purchased a new stake in International Flavors & Fragrances in the fourth quarter worth $50,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Activity

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $95.66, for a total value of $247,568.08. Following the completion of the sale, the insider now owns 8,539 shares in the company, valued at approximately $816,840.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

International Flavors & Fragrances Stock Up 0.3 %

Shares of International Flavors & Fragrances stock traded up $0.28 on Thursday, hitting $95.02. 566,865 shares of the company’s stock traded hands, compared to its average volume of 1,456,459. The stock has a market cap of $24.26 billion, a P/E ratio of -9.73, a PEG ratio of 1.87 and a beta of 1.26. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. International Flavors & Fragrances Inc. has a 52-week low of $62.11 and a 52-week high of $99.91. The firm’s 50-day moving average is $94.81 and its 200 day moving average is $85.98.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.27. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. During the same period last year, the business posted $0.87 earnings per share. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 3.97 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -16.38%.

Analysts Set New Price Targets

IFF has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on International Flavors & Fragrances from $87.00 to $95.00 and gave the stock a “hold” rating in a report on Tuesday, May 7th. Citigroup increased their price objective on shares of International Flavors & Fragrances from $100.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Oppenheimer initiated coverage on shares of International Flavors & Fragrances in a research report on Friday, June 7th. They issued an “outperform” rating and a $116.00 target price for the company. Robert W. Baird increased their price target on International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Finally, Bank of America boosted their target price on shares of International Flavors & Fragrances from $87.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $95.78.

International Flavors & Fragrances Company 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.