Panagora Asset Management Inc. lowered its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF – Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,509 shares of the specialty chemicals company’s stock after selling 300 shares during the quarter. Panagora Asset Management Inc.’s holdings in International Flavors & Fragrances were worth $1,094,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in IFF. Alliance Wealth Advisors LLC UT raised its position in shares of International Flavors & Fragrances by 3.2% in the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 4,840 shares of the specialty chemicals company’s stock worth $330,000 after purchasing an additional 148 shares during the last quarter. Federated Hermes Inc. raised its position in shares of International Flavors & Fragrances by 9.7% in the 3rd quarter. Federated Hermes Inc. now owns 1,712 shares of the specialty chemicals company’s stock worth $117,000 after purchasing an additional 152 shares during the last quarter. IFG Advisory LLC raised its position in shares of International Flavors & Fragrances by 4.0% in the 4th quarter. IFG Advisory LLC now owns 4,000 shares of the specialty chemicals company’s stock worth $324,000 after purchasing an additional 155 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of International Flavors & Fragrances by 21.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 901 shares of the specialty chemicals company’s stock worth $73,000 after purchasing an additional 157 shares during the last quarter. Finally, Delta Asset Management LLC TN raised its position in shares of International Flavors & Fragrances by 5.8% in the 3rd quarter. Delta Asset Management LLC TN now owns 3,650 shares of the specialty chemicals company’s stock worth $249,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.
Wall Street Analysts Forecast Growth
IFF has been the subject of several recent analyst reports. Robert W. Baird lifted their price target on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Morgan Stanley reissued an “equal weight” rating and issued a $100.00 target price on shares of International Flavors & Fragrances in a research report on Tuesday. Wells Fargo & Company boosted their target price on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. Stifel Nicolaus boosted their target price on International Flavors & Fragrances from $87.00 to $95.00 and gave the stock a “hold” rating in a research report on Tuesday, May 7th. Finally, StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, International Flavors & Fragrances currently has an average rating of “Hold” and an average price target of $94.41.
Get Our Latest Research Report on International Flavors & Fragrances
International Flavors & Fragrances Price Performance
IFF stock opened at $95.94 on Thursday. International Flavors & Fragrances Inc. has a 1-year low of $62.11 and a 1-year high of $99.91. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.68. The business has a 50 day simple moving average of $87.53 and a two-hundred day simple moving average of $81.51.
International Flavors & Fragrances (NYSE:IFF – Get Free Report) last posted its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.27. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the prior year, the company posted $0.87 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that International Flavors & Fragrances Inc. will post 3.85 earnings per share for the current fiscal year.
International Flavors & Fragrances Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, June 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.67%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -16.38%.
About International Flavors & Fragrances
(Free Report)
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.
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