2,349 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Bought by Burney Co.

Burney Co. acquired a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) in the 1st quarter, Holdings Channel reports. The firm acquired 2,349 shares of the specialty chemicals company’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Van ECK Associates Corp increased its position in International Flavors & Fragrances by 7.8% during the first quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock valued at $410,919,000 after acquiring an additional 344,377 shares during the last quarter. First Pacific Advisors LP lifted its stake in International Flavors & Fragrances by 2.2% in the fourth quarter. First Pacific Advisors LP now owns 3,980,310 shares of the specialty chemicals company’s stock worth $322,286,000 after purchasing an additional 87,183 shares during the last quarter. Capital International Investors boosted its position in shares of International Flavors & Fragrances by 1.4% during the fourth quarter. Capital International Investors now owns 2,375,699 shares of the specialty chemicals company’s stock valued at $192,360,000 after buying an additional 33,548 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of International Flavors & Fragrances by 9.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,895,581 shares of the specialty chemicals company’s stock valued at $163,003,000 after buying an additional 162,179 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of International Flavors & Fragrances by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,414,582 shares of the specialty chemicals company’s stock worth $114,539,000 after buying an additional 51,143 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IFF has been the subject of a number of recent analyst reports. Stifel Nicolaus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their price objective for the company from $95.00 to $115.00 in a research report on Monday, July 22nd. Robert W. Baird upped their price target on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Barclays lifted their price objective 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. Citigroup upped their target price on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, UBS Group lifted their price target on shares of International Flavors & Fragrances from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $98.33.

Insider Transactions at International Flavors & Fragrances

In related news, insider Angela Strzelecki sold 2,588 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total value of $247,568.08. Following the sale, the insider now owns 8,539 shares in the company, valued at $816,840.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of IFF stock opened at $96.14 on Friday. International Flavors & Fragrances Inc. has a fifty-two week low of $62.11 and a fifty-two week high of $101.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.68. The firm has a market capitalization of $24.55 billion, a price-to-earnings ratio of -9.84, a PEG ratio of 1.95 and a beta of 1.26. The stock’s 50-day simple moving average is $96.66 and its 200-day simple moving average is $88.54.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly 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 business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.78 billion. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. International Flavors & Fragrances’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 EPS. As a group, equities analysts forecast that International Flavors & Fragrances Inc. will post 3.98 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is presently -16.38%.

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.