UMB Bank n.a. increased its stake in International Flavors & Fragrances Inc. (NYSE:IFF – Free Report) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,458 shares of the specialty chemicals company’s stock after acquiring an additional 119 shares during the period. UMB Bank n.a.’s holdings in International Flavors & Fragrances were worth $123,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in International Flavors & Fragrances in the 3rd quarter valued at about $27,000. Point72 Hong Kong Ltd acquired a new stake in International Flavors & Fragrances in the third quarter valued at approximately $42,000. Oakworth Capital Inc. purchased a new position in International Flavors & Fragrances in the third quarter worth approximately $44,000. Eastern Bank purchased a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $46,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at $48,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms recently commented on IFF. Barclays dropped their target price on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. UBS Group raised their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price objective on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Finally, Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $109.23.
International Flavors & Fragrances Price Performance
International Flavors & Fragrances stock opened at $86.42 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The business has a 50 day simple moving average of $86.45 and a 200-day simple moving average of $95.26. International Flavors & Fragrances Inc. has a 12 month low of $72.94 and a 12 month high of $106.77. The stock has a market capitalization of $22.09 billion, a PE ratio of -9.51, a price-to-earnings-growth ratio of 1.46 and a beta of 1.18.
International Flavors & Fragrances (NYSE:IFF – Get Free Report) last released its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46). The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. Equities analysts predict that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current year.
International Flavors & Fragrances Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.
Insider Buying and Selling
In related news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by corporate insiders.
International Flavors & Fragrances Company Profile
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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