Atria Investments LLC raised its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) by 0.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,423 shares of the specialty chemicals company's stock after purchasing an additional 83 shares during the quarter. Atria Investments LLC's holdings in International Flavors & Fragrances were worth $1,894,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in IFF. Covestor Ltd purchased a new position in International Flavors & Fragrances in the 4th quarter worth approximately $25,000. Atwood & Palmer Inc. lifted its holdings in International Flavors & Fragrances by 1,718.2% in the 1st quarter. Atwood & Palmer Inc. now owns 200 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 189 shares in the last quarter. JJJ Advisors Inc. lifted its holdings in International Flavors & Fragrances by 74.3% in the 4th quarter. JJJ Advisors Inc. now owns 176 shares of the specialty chemicals company's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. First Personal Financial Services purchased a new position in International Flavors & Fragrances in the 4th quarter worth approximately $30,000. Finally, Steward Financial Group LLC purchased a new position in International Flavors & Fragrances in the 4th quarter worth approximately $31,000. 90.67% of the stock is owned by hedge funds and other institutional investors.
Get International Flavors & Fragrances alerts:International Flavors & Fragrances Stock Performance
Shares of International Flavors & Fragrances stock opened at $123.06 on Tuesday. The stock's fifty day moving average is $122.22 and its two-hundred day moving average is $127.01. The company has a market capitalization of $31.36 billion, a PE ratio of 56.45, a price-to-earnings-growth ratio of 2.13 and a beta of 1.02. The company has a quick ratio of 1.17, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. International Flavors & Fragrances Inc. has a 52 week low of $105.38 and a 52 week high of $157.08.
International Flavors & Fragrances (NYSE:IFF – Get Rating) last announced its quarterly earnings data on Monday, May 9th. The specialty chemicals company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.31 by $0.38. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.09 billion. International Flavors & Fragrances had a return on equity of 6.89% and a net margin of 4.48%. International Flavors & Fragrances's quarterly revenue was up 30.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.60 EPS. As a group, analysts expect that International Flavors & Fragrances Inc. will post 5.76 earnings per share for the current year.International Flavors & Fragrances Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 6th. Stockholders of record on Friday, June 24th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Thursday, June 23rd. International Flavors & Fragrances's payout ratio is 144.95%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Credit Suisse Group started coverage on International Flavors & Fragrances in a report on Monday, June 27th. They issued an "outperform" rating and a $145.00 price target on the stock. Mizuho decreased their price objective on International Flavors & Fragrances from $147.00 to $145.00 in a report on Wednesday, May 11th. Bank of America decreased their price objective on International Flavors & Fragrances from $169.00 to $161.00 and set a "buy" rating on the stock in a report on Wednesday, July 13th. Deutsche Bank Aktiengesellschaft decreased their price objective on International Flavors & Fragrances from $165.00 to $145.00 in a report on Thursday, May 12th. Finally, Jefferies Financial Group cut International Flavors & Fragrances from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $170.00 to $101.00 in a report on Thursday, June 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of "Moderate Buy" and a consensus target price of $148.92.
Insider Transactions at International Flavors & Fragrances
In other news, insider De Villeplee Christoph Fauchon sold 629 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $132.59, for a total transaction of $83,399.11. Following the transaction, the insider now owns 8,180 shares of the company's stock, valued at approximately $1,084,586.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.20% of the company's stock.
About International Flavors & Fragrances
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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 Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.
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