Patriot Financial Group Insurance Agency LLC Trims Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Patriot Financial Group Insurance Agency LLC decreased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 27.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,483 shares of the specialty chemicals company’s stock after selling 1,299 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in International Flavors & Fragrances were worth $332,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Riverview Trust Co purchased a new position in shares of International Flavors & Fragrances during the 1st quarter valued at approximately $27,000. Quent Capital LLC lifted its holdings in International Flavors & Fragrances by 183.2% during the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of International Flavors & Fragrances in the second quarter valued at about $38,000. Principal Securities Inc. acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth about $43,000. Finally, Fidelis Capital Partners LLC purchased a new position in International Flavors & Fragrances in the 1st quarter valued at about $44,000. 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 several research reports. Barclays boosted their price target on International Flavors & Fragrances from $82.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. UBS Group decreased their target price on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Citigroup increased their price target on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a report on Friday, July 12th. JPMorgan Chase & Co. upped their target price on International Flavors & Fragrances from $100.00 to $102.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, Mizuho upped their price objective on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $101.80.

Insider Buying and Selling at International Flavors & Fragrances

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

International Flavors & Fragrances Stock Up 0.2 %

Shares of IFF traded up $0.19 during midday trading on Tuesday, hitting $100.82. The company had a trading volume of 822,880 shares, compared to its average volume of 1,793,825. The company’s 50-day simple moving average is $97.10 and its 200-day simple moving average is $90.51. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.68. International Flavors & Fragrances Inc. has a 1 year low of $62.28 and a 1 year high of $101.89. The firm has a market capitalization of $25.74 billion, a P/E ratio of -10.30, a P/E/G ratio of 1.95 and a beta of 1.26.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data 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. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the previous year, the company earned $0.86 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts expect that International Flavors & Fragrances Inc. will post 3.98 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -16.38%.

International Flavors & Fragrances Profile

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.