Great Valley Advisor Group Inc. Boosts Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Great Valley Advisor Group Inc. boosted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 7.3% during the second quarter, HoldingsChannel reports. The fund owned 39,388 shares of the specialty chemicals company’s stock after buying an additional 2,695 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in International Flavors & Fragrances were worth $3,750,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of IFF. International Assets Investment Management LLC purchased a new position in shares of International Flavors & Fragrances during the fourth quarter worth about $380,000. Mirae Asset Global Investments Co. Ltd. grew its position in International Flavors & Fragrances by 14.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,947 shares of the specialty chemicals company’s stock worth $4,854,000 after acquiring an additional 7,500 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in International Flavors & Fragrances by 25.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 18,313 shares of the specialty chemicals company’s stock valued at $1,483,000 after acquiring an additional 3,760 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of International Flavors & Fragrances by 13.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 15,672 shares of the specialty chemicals company’s stock worth $1,269,000 after purchasing an additional 1,890 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of International Flavors & Fragrances during the 4th quarter valued at about $274,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

IFF has been the topic of a number of analyst reports. Bank of America lifted their price target on International Flavors & Fragrances from $87.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, May 10th. Robert W. Baird raised their price objective 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. Citigroup boosted their price target on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, July 12th. UBS Group raised their target price on shares of International Flavors & Fragrances from $100.00 to $107.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Wells Fargo & Company boosted their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $102.07.

International Flavors & Fragrances Stock Down 0.7 %

Shares of NYSE:IFF traded down $0.68 during trading on Wednesday, hitting $95.93. 298,948 shares of the company were exchanged, compared to its average volume of 1,836,653. The firm’s 50 day moving average price is $96.64 and its 200-day moving average price is $89.37. International Flavors & Fragrances Inc. has a 12-month low of $62.11 and a 12-month high of $101.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.05. The stock has a market capitalization of $24.50 billion, a P/E ratio of -9.89, a PEG ratio of 1.95 and a beta of 1.26.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 EPS. On average, research analysts predict that International Flavors & Fragrances Inc. will post 3.98 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 20th will be paid a $0.40 dividend. The ex-dividend date is Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.67%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -16.38%.

Insider Buying and Selling

In other news, insider Angela Strzelecki sold 2,588 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $95.66, for a total transaction of $247,568.08. Following the completion of the transaction, the insider now owns 8,539 shares of the company’s stock, valued at $816,840.74. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by company insiders.

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.