GM Advisory Group LLC Buys 718 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

GM Advisory Group LLC increased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 10.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,750 shares of the specialty chemicals company’s stock after purchasing an additional 718 shares during the period. GM Advisory Group LLC’s holdings in International Flavors & Fragrances were worth $655,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of International Flavors & Fragrances in the fourth quarter worth $32,000. Fairway Wealth LLC purchased a new position in International Flavors & Fragrances in the 4th quarter worth about $34,000. Point72 Hong Kong Ltd bought a new position in International Flavors & Fragrances during the 3rd quarter valued at about $42,000. Rialto Wealth Management LLC purchased a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at about $42,000. Finally, Principal Securities Inc. raised its holdings in shares of International Flavors & Fragrances by 36.6% during the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 171 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Kevin O’byrne bought 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the purchase, the director now owns 6,500 shares of the company’s stock, valued at approximately $522,860. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

IFF has been the topic of several research reports. Barclays dropped their target price on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Citigroup cut their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Finally, Bank of America dropped their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.50.

International Flavors & Fragrances Stock Down 0.2 %

Shares of IFF stock opened at $80.62 on Thursday. The company has a market capitalization of $20.62 billion, a price-to-earnings ratio of 85.77, a PEG ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The company’s fifty day moving average price is $83.35 and its 200-day moving average price is $91.13. International Flavors & Fragrances Inc. has a one year low of $78.91 and a one year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.83 by $0.14. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 170.21%.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.