Everhart Financial Group Inc. Takes $234,000 Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Everhart Financial Group Inc. acquired a new position in International Flavors & Fragrances Inc. (NYSE:IFFFree Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,456 shares of the specialty chemicals company’s stock, valued at approximately $234,000.

Several other large investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of International Flavors & Fragrances during the fourth quarter valued at $79,812,000. Nomura Holdings Inc. raised its position in shares of International Flavors & Fragrances by 139.3% during the 4th quarter. Nomura Holdings Inc. now owns 1,372,685 shares of the specialty chemicals company’s stock worth $111,146,000 after buying an additional 798,946 shares in the last quarter. Ilex Capital Partners UK LLP lifted its stake in shares of International Flavors & Fragrances by 344.5% in the 1st quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock worth $72,877,000 after acquiring an additional 656,820 shares during the period. Van ECK Associates Corp boosted its holdings in shares of International Flavors & Fragrances by 12.9% in the fourth quarter. Van ECK Associates Corp now owns 4,434,301 shares of the specialty chemicals company’s stock valued at $359,045,000 after acquiring an additional 507,193 shares in the last quarter. Finally, Clearfield Capital Management LP acquired a new position in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $28,771,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at International Flavors & Fragrances

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

Analyst Ratings Changes

A number of research firms have weighed in on IFF. Wells Fargo & Company upped their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. UBS Group decreased their target price on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Barclays lifted their target price on International Flavors & Fragrances from $82.00 to $93.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. Citigroup upped their price target on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of International Flavors & Fragrances from $100.00 to $102.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $101.80.

Check Out Our Latest Report on International Flavors & Fragrances

International Flavors & Fragrances Trading Down 0.3 %

NYSE IFF traded down $0.31 on Friday, hitting $100.08. 1,080,267 shares of the stock were exchanged, compared to its average volume of 1,805,837. The company’s 50-day moving average price is $96.87 and its two-hundred day moving average price is $90.11. The company has a market capitalization of $25.56 billion, a price-to-earnings ratio of -10.33, a P/E/G ratio of 1.95 and a beta of 1.26. International Flavors & Fragrances Inc. has a 52-week low of $62.28 and a 52-week 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.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. International Flavors & Fragrances’s revenue for the quarter was down 1.4% compared to the same quarter last year. Research analysts predict that International Flavors & Fragrances Inc. will post 3.98 EPS for the current year.

International Flavors & Fragrances Announces Dividend

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 issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is currently -16.38%.

About International Flavors & Fragrances

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Flavors & Fragrances Inc. (NYSE:IFFFree Report).

Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.