NEOS Investment Management LLC Boosts Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

NEOS Investment Management LLC boosted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 28.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,184 shares of the specialty chemicals company’s stock after acquiring an additional 2,483 shares during the period. NEOS Investment Management LLC’s holdings in International Flavors & Fragrances were worth $946,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of International Flavors & Fragrances in the fourth quarter worth about $32,000. Point72 Hong Kong Ltd bought a new position in International Flavors & Fragrances in the 3rd quarter worth approximately $42,000. Fairway Wealth LLC purchased a new stake in International Flavors & Fragrances during the 4th quarter valued at approximately $34,000. Rialto Wealth Management LLC bought a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $42,000. Finally, Principal Securities Inc. lifted its holdings in shares of International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $76.41 on Monday. International Flavors & Fragrances Inc. has a 12-month low of $76.38 and a 12-month high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $82.56 and a 200-day moving average price of $89.79. The firm has a market capitalization of $19.54 billion, a PE ratio of 81.28, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. International Flavors & Fragrances’s payout ratio is 170.21%.

Insider Transactions at International Flavors & Fragrances

In related news, Director Kevin O’byrne acquired 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the acquisition, the director now directly owns 6,500 shares of the company’s stock, valued at $522,860. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IFF. Barclays reduced their price target on shares of International Flavors & Fragrances from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Thursday. Cfra downgraded International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price on the stock. in a research report on Thursday, February 20th. Oppenheimer cut their price target on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Stifel Nicolaus decreased their price objective on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, Bank of America cut their target price on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.31.

International Flavors & Fragrances Company 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.