2 weeks Ago By ABMN Staff
Townsquare Capital LLC lifted its stake in International Flavors & Fragrances Inc. ( NYSE:IFF – Free Report ) by 54.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor owned 3,678 shares of the specialty chemicals company’s stock after purchasing an additional 1,298 shares during the period. Townsquare Capital LLC’s holdings in International Flavors & Fragrances were worth $311,000 at the end of the most recent quarter. Several other institutional investors have also recently bought and sold shares of the stock.
SBI Securities Co. Ltd. acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at $32,000.
Fairway Wealth LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter worth about $34,000. Rialto Wealth Management LLC bought a new stake in International Flavors & Fragrances during the 4th quarter worth about $42,000. Principal Securities Inc.
lifted its position in International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc.
now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 171 shares during the period. Finally, Sugar Maple Asset Management LLC bought a new position in shares of International Flavors & Fragrances in the 4th quarter valued at about $78,000. Institutional investors own 96.
02% of the company’s stock. Wall Street Analyst Weigh In Several equities analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of International Flavors & Fragrances from $106.
00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Barclays reduced their price target on International Flavors & Fragrances from $82.
00 to $76.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Cfra lowered International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.
00 target price on the stock. in a research note on Thursday, February 20th. Wells Fargo & Company decreased their target price on International Flavors & Fragrances from $105.
00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Finally, Mizuho reduced their price objective on shares of International Flavors & Fragrances from $95.
00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company.
According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.69. International Flavors & Fragrances Stock Up 0.
4 % NYSE:IFF opened at $72.78 on Tuesday. The company has a market cap of $18.
61 billion, a PE ratio of 77.43, a PEG ratio of 1.45 and a beta of 1.
21. The stock has a 50-day simple moving average of $77.94 and a 200 day simple moving average of $86.
06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.
93 and a current ratio of 1.84. International Flavors & Fragrances Inc.
has a 52-week low of $65.85 and a 52-week high of $106.77.
International Flavors & Fragrances ( NYSE:IFF – Get Free Report ) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
83 by $0.14. International Flavors & Fragrances had a net margin of 2.
12% and a return on equity of 7.72%. The company had revenue of $2.
77 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, sell-side analysts expect that International Flavors & Fragrances Inc.
will post 4.32 EPS for the current fiscal year. International Flavors & Fragrances Announces Dividend The business also recently announced a quarterly dividend, which was paid on Friday, April 11th.
Investors of record on Friday, March 21st were given a $0.40 dividend. This represents a $1.
60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, March 21st.
International Flavors & Fragrances’s dividend payout ratio is currently 170.21%. Insider Buying and Selling In related news, Director Kevin O’byrne acquired 6,500 shares of the company’s stock in a transaction dated Wednesday, March 5th.
The shares were bought at an average price of $80.44 per share, for a total transaction of $522,860.00.
Following the purchase, the director now directly owns 6,500 shares in the company, valued at approximately $522,860. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .
0.20% of the stock is currently owned by corporate insiders. International Flavors & Fragrances Profile ( Free Report ) 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. Read More 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 ..
