MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Raises Position in International Flavors & Fragrances Inc. (NYSE:IFF)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 29.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 27,896 shares of the specialty chemicals company’s stock after buying an additional 6,277 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in International Flavors & Fragrances were worth $2,342,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth $27,000. Point72 Hong Kong Ltd purchased a new position in International Flavors & Fragrances during the third quarter worth about $42,000. Oakworth Capital Inc. bought a new stake in International Flavors & Fragrances in the 3rd quarter worth about $44,000. Eastern Bank purchased a new stake in International Flavors & Fragrances in the 3rd quarter valued at about $46,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $48,000. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $86.42 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. International Flavors & Fragrances Inc. has a 52-week low of $72.94 and a 52-week high of $106.77. The company’s 50 day moving average price is $86.45 and its 200-day moving average price is $95.26.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. International Flavors & Fragrances’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.89 EPS. On average, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.15 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -17.60%.

Insider Transactions at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the sale, the insider now directly owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on IFF shares. Barclays decreased their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. UBS Group increased their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a report on Thursday, November 7th. Finally, Citigroup lowered their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $109.23.

About International Flavors & Fragrances

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.