InTrack Investment Management Inc Purchases 11,459 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

InTrack Investment Management Inc grew its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 98.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,139 shares of the specialty chemicals company’s stock after buying an additional 11,459 shares during the quarter. International Flavors & Fragrances accounts for about 1.3% of InTrack Investment Management Inc’s investment portfolio, making the stock its 21st biggest position. InTrack Investment Management Inc’s holdings in International Flavors & Fragrances were worth $1,936,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of IFF. Northwest Investment Counselors LLC purchased a new stake in shares of International Flavors & Fragrances during the third quarter valued at $27,000. Point72 Hong Kong Ltd purchased a new stake in International Flavors & Fragrances in the 3rd quarter valued at about $42,000. Oakworth Capital Inc. bought a new position in International Flavors & Fragrances in the 3rd quarter worth about $44,000. Eastern Bank purchased a new position in shares of International Flavors & Fragrances during the third quarter worth approximately $46,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of International Flavors & Fragrances during the third quarter valued at approximately $48,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the sale, the insider now owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IFF. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective on the stock in a research note on Friday, November 8th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. UBS Group upped their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Stifel Nicolaus raised their target price on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $109.23.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $84.87 on Friday. International Flavors & Fragrances Inc. has a 12-month low of $72.94 and a 12-month high of $106.77. The business’s fifty day simple moving average is $86.80 and its 200-day simple moving average is $95.52. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. The company has a market cap of $21.70 billion, a PE ratio of -9.34, a PEG ratio of 1.35 and a beta of 1.18.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 earnings per share. Analysts expect that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.89%. The ex-dividend date was Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is presently -17.60%.

International Flavors & Fragrances Company 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.