HF Advisory Group LLC Has $3.01 Million Holdings in International Flavors & Fragrances Inc. $IFF

HF Advisory Group LLC increased its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 204.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,653 shares of the specialty chemicals company’s stock after purchasing an additional 30,009 shares during the period. HF Advisory Group LLC’s holdings in International Flavors & Fragrances were worth $3,009,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rafferty Asset Management LLC boosted its stake in shares of International Flavors & Fragrances by 0.7% during the 3rd quarter. Rafferty Asset Management LLC now owns 21,837 shares of the specialty chemicals company’s stock worth $1,344,000 after acquiring an additional 158 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of International Flavors & Fragrances by 6.1% in the 3rd quarter. Clearstead Advisors LLC now owns 3,021 shares of the specialty chemicals company’s stock valued at $186,000 after acquiring an additional 173 shares in the last quarter. Parr Mcknight Wealth Management Group LLC lifted its holdings in International Flavors & Fragrances by 0.9% in the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 23,129 shares of the specialty chemicals company’s stock worth $1,423,000 after purchasing an additional 199 shares during the last quarter. Central Pacific Bank Trust Division boosted its position in International Flavors & Fragrances by 1.9% during the third quarter. Central Pacific Bank Trust Division now owns 10,900 shares of the specialty chemicals company’s stock worth $671,000 after purchasing an additional 200 shares during the period. Finally, Truist Financial Corp grew its holdings in International Flavors & Fragrances by 2.3% during the third quarter. Truist Financial Corp now owns 9,090 shares of the specialty chemicals company’s stock valued at $559,000 after purchasing an additional 203 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Trading Up 0.1%

Shares of IFF stock opened at $72.64 on Thursday. The firm has a fifty day moving average of $74.59 and a 200-day moving average of $68.53. The stock has a market cap of $18.56 billion, a price-to-earnings ratio of -53.02, a P/E/G ratio of 1.90 and a beta of 0.99. International Flavors & Fragrances Inc. has a 52-week low of $59.14 and a 52-week high of $84.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 EPS. On average, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 20th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. International Flavors & Fragrances’s dividend payout ratio is presently -116.79%.

Insider Activity at International Flavors & Fragrances

In related news, Director Paul J. Fribourg bought 142,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average price of $70.13 per share, for a total transaction of $9,958,460.00. Following the transaction, the director directly owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. This represents a 6.23% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Argus boosted their price objective on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Monday, December 29th. UBS Group lifted their target price on shares of International Flavors & Fragrances from $71.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. Wells Fargo & Company upped their price target on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Finally, Barclays upped their price target on shares of International Flavors & Fragrances from $78.00 to $91.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and an average target price of $90.09.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.