Venturi Wealth Management LLC Raises Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Venturi Wealth Management LLC lifted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 40.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 989 shares of the specialty chemicals company’s stock after buying an additional 287 shares during the period. Venturi Wealth Management LLC’s holdings in International Flavors & Fragrances were worth $104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC purchased a new stake in International Flavors & Fragrances in the third quarter valued at $27,000. Family Firm Inc. purchased a new stake in International Flavors & Fragrances during the second quarter worth about $38,000. Oakworth Capital Inc. acquired a new stake in International Flavors & Fragrances during the 3rd quarter worth approximately $44,000. Eastern Bank purchased a new position in International Flavors & Fragrances in the third quarter valued at $46,000. Finally, MCF Advisors LLC grew its stake in International Flavors & Fragrances by 1,856.0% during the 2nd quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 464 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IFF has been the subject of several recent research reports. Oppenheimer lifted their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Stifel Nicolaus boosted their price target on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $111.00 to $110.00 in a research report on Tuesday. Wells Fargo & Company increased their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $109.27.

Insider Buying and Selling at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the sale, the insider now directly owns 3,238 shares in the company, valued at $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $89.37 on Friday. International Flavors & Fragrances Inc. has a 52-week low of $72.89 and a 52-week high of $106.77. The stock’s 50-day moving average price is $101.09 and its 200 day moving average price is $98.23. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $22.85 billion, a PE ratio of -9.83, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.46). The company had revenue of $2.93 billion for the quarter, compared to analyst estimates 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 for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 earnings per share. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.19 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, December 20th. This represents a $1.60 annualized dividend and a yield of 1.79%. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

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.