Advisor Group Holdings Inc. lifted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) by 13.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 48,584 shares of the specialty chemicals company’s stock after acquiring an additional 5,626 shares during the period. Advisor Group Holdings Inc.’s holdings in International Flavors & Fragrances were worth $5,095,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Fosun International Ltd lifted its holdings in shares of International Flavors & Fragrances by 0.5% during the 4th quarter. Fosun International Ltd now owns 100,047 shares of the specialty chemicals company’s stock worth $10,489,000 after acquiring an additional 500 shares during the last quarter. PNC Financial Services Group Inc. raised its position in International Flavors & Fragrances by 0.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 34,469 shares of the specialty chemicals company’s stock worth $3,614,000 after purchasing an additional 159 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in International Flavors & Fragrances by 4.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 146,047 shares of the specialty chemicals company’s stock worth $15,312,000 after purchasing an additional 5,961 shares during the period. Tredje AP fonden raised its position in International Flavors & Fragrances by 11.0% in the 4th quarter. Tredje AP fonden now owns 12,107 shares of the specialty chemicals company’s stock worth $1,269,000 after purchasing an additional 1,200 shares during the period. Finally, Bahl & Gaynor Inc. raised its position in International Flavors & Fragrances by 4.5% in the 4th quarter. Bahl & Gaynor Inc. now owns 5,538 shares of the specialty chemicals company’s stock worth $581,000 after purchasing an additional 236 shares during the period. 88.86% of the stock is owned by institutional investors.
International Flavors & Fragrances Stock Down 1.2 %
Shares of NYSE IFF opened at $77.27 on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average is $89.47 and its two-hundred day moving average is $97.54. International Flavors & Fragrances Inc. has a 52-week low of $76.83 and a 52-week high of $135.17.
International Flavors & Fragrances Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Stockholders of record on Friday, June 23rd will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Thursday, June 22nd. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -39.42%.
Insider Activity
In other International Flavors & Fragrances news, insider De Villeplee Christoph Fauchon sold 1,972 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $86.35, for a total transaction of $170,282.20. Following the completion of the transaction, the insider now directly owns 9,093 shares in the company, valued at $785,180.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently commented on IFF. Barclays decreased their target price on shares of International Flavors & Fragrances from $81.00 to $75.00 in a research report on Thursday, May 11th. Mizuho lowered their price objective on shares of International Flavors & Fragrances from $119.00 to $105.00 and set a “neutral” rating for the company in a research note on Friday, February 10th. Credit Suisse Group lowered their price objective on shares of International Flavors & Fragrances from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, February 9th. Wells Fargo & Company decreased their price target on shares of International Flavors & Fragrances from $123.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, February 10th. Finally, Robert W. Baird decreased their price target on shares of International Flavors & Fragrances from $120.00 to $106.00 and set an “outperform” rating for the company in a research note on Friday, February 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $114.13.
International Flavors & Fragrances Company Profile
International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.
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