SageView Advisory Group LLC Purchases Shares of 10,145 International Flavors & Fragrances Inc. (NYSE:IFF)

SageView Advisory Group LLC acquired a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,145 shares of the specialty chemicals company’s stock, valued at approximately $872,000.

A number of other large investors have also recently made changes to their positions in IFF. Van ECK Associates Corp lifted its position in International Flavors & Fragrances by 7.8% during the 1st quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock worth $410,919,000 after acquiring an additional 344,377 shares during the period. First Pacific Advisors LP increased its holdings in International Flavors & Fragrances by 2.2% in the 4th quarter. First Pacific Advisors LP now owns 3,980,310 shares of the specialty chemicals company’s stock worth $322,286,000 after buying an additional 87,183 shares during the period. Capital International Investors raised its position in International Flavors & Fragrances by 1.4% during the 4th quarter. Capital International Investors now owns 2,375,699 shares of the specialty chemicals company’s stock worth $192,360,000 after buying an additional 33,548 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in International Flavors & Fragrances by 19.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,733,402 shares of the specialty chemicals company’s stock valued at $140,355,000 after acquiring an additional 280,069 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of International Flavors & Fragrances by 3.7% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,455,140 shares of the specialty chemicals company’s stock valued at $117,823,000 after acquiring an additional 52,584 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of International Flavors & Fragrances stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $95.66, for a total transaction of $247,568.08. Following the transaction, the insider now directly owns 8,539 shares of the company’s stock, valued at $816,840.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF traded down $0.62 during trading on Friday, hitting $96.00. The company had a trading volume of 391,366 shares, compared to its average volume of 1,880,172. The stock has a fifty day simple moving average of $96.40 and a two-hundred day simple moving average of $87.11. International Flavors & Fragrances Inc. has a fifty-two week low of $62.11 and a fifty-two week high of $99.91. The firm has a market capitalization of $24.51 billion, a price-to-earnings ratio of -9.83, a price-to-earnings-growth ratio of 1.91 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 (NYSE:IFF) last posted its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.27. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.78 billion. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the firm posted $0.87 earnings per share. On average, research analysts expect that International Flavors & Fragrances Inc. will post 3.97 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio is currently -16.38%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on IFF shares. Mizuho boosted their target price on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. UBS Group boosted their price objective on International Flavors & Fragrances from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Wells Fargo & Company raised their target price on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. upgraded International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $75.00 to $100.00 in a research report on Wednesday, May 8th. Finally, Barclays lifted their target price on shares of International Flavors & Fragrances from $82.00 to $93.00 and gave the company an “equal weight” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $97.22.

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.