Atria Investments Inc reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF – Free Report) by 6.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,480 shares of the specialty chemicals company’s stock after selling 791 shares during the quarter. Atria Investments Inc’s holdings in International Flavors & Fragrances were worth $1,148,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in IFF. Clear Street Markets LLC bought a new position in shares of International Flavors & Fragrances in the fourth quarter worth $27,000. Penserra Capital Management LLC bought a new position in shares of International Flavors & Fragrances in the fourth quarter worth $31,000. Covestor Ltd grew its stake in shares of International Flavors & Fragrances by 48.8% in the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 80 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of International Flavors & Fragrances by 395.7% in the fourth quarter. First Horizon Advisors Inc. now owns 347 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 277 shares during the period. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of International Flavors & Fragrances in the first quarter valued at $41,000. 89.52% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages have recently weighed in on IFF. The Goldman Sachs Group lowered International Flavors & Fragrances from a “buy” rating to a “neutral” rating and cut their price objective for the company from $120.00 to $78.00 in a report on Wednesday, August 9th. StockNews.com began coverage on International Flavors & Fragrances in a report on Thursday, August 17th. They issued a “sell” rating for the company. Societe Generale lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a report on Tuesday, August 8th. Mizuho cut their price objective on International Flavors & Fragrances from $105.00 to $70.00 in a report on Thursday, August 10th. Finally, Morgan Stanley lowered International Flavors & Fragrances from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $112.00 to $75.00 in a report on Thursday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $79.86.
International Flavors & Fragrances Stock Performance
NYSE:IFF opened at $66.04 on Monday. The stock’s 50-day moving average is $76.28 and its two-hundred day moving average is $84.39. The company has a quick ratio of 0.93, a current ratio of 1.64 and a debt-to-equity ratio of 0.52. International Flavors & Fragrances Inc. has a fifty-two week low of $62.11 and a fifty-two week high of $119.41.
International Flavors & Fragrances (NYSE:IFF – Get Free Report) last posted its quarterly earnings results on Monday, August 7th. The specialty chemicals company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.24). The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $3.07 billion. International Flavors & Fragrances had a positive return on equity of 5.91% and a negative net margin of 18.34%. International Flavors & Fragrances’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same period last year, the company earned $1.54 earnings per share. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 3.3 earnings per share for the current year.
International Flavors & Fragrances Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 22nd will be given a $0.81 dividend. The ex-dividend date is Thursday, September 21st. This represents a $3.24 annualized dividend and a yield of 4.91%. International Flavors & Fragrances’s dividend payout ratio is -37.94%.
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 Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through four segments: Nourish, Scent, Health & Biosciences, and Pharma Solutions.
Featured Stories
- Five stocks we like better than International Flavors & Fragrances
- What is Put Option Volume?
- 2 Stocks to Get You Ready for the Holiday Season
- The How and Why of Investing in Gold Stocks
- Profit Potential: 5 Undervalued Stocks With High Dividend Yields
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- MarketBeat Week in Review – 8/21 – 8/25
Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.
