Focus Partners Wealth Invests $521,000 in International Flavors & Fragrances Inc. (NYSE:IFF)

Focus Partners Wealth acquired a new stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 5,997 shares of the specialty chemicals company's stock, valued at approximately $521,000.

A number of other institutional investors also recently made changes to their positions in the business. Freemont Capital Pte Ltd purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at $2,143,882,000. Ensign Peak Advisors Inc lifted its position in shares of International Flavors & Fragrances by 4.2% in the 4th quarter. Ensign Peak Advisors Inc now owns 418,350 shares of the specialty chemicals company's stock worth $35,371,000 after purchasing an additional 17,029 shares during the period. FORA Capital LLC purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter worth about $296,000. D. E. Shaw & Co. Inc. increased its stake in shares of International Flavors & Fragrances by 287.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 72,243 shares of the specialty chemicals company's stock worth $6,108,000 after acquiring an additional 53,620 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of International Flavors & Fragrances by 27.1% in the 4th quarter. Deutsche Bank AG now owns 984,579 shares of the specialty chemicals company's stock worth $83,246,000 after acquiring an additional 209,631 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Buying and Selling at International Flavors & Fragrances

In related news, EVP Stephen N. Landsman acquired 12,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was purchased at an average cost of $77.28 per share, with a total value of $927,360.00. Following the transaction, the executive vice president now directly owns 12,000 shares of the company's stock, valued at $927,360. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kevin O'byrne acquired 6,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares in the company, valued at $522,860. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 28,550 shares of company stock valued at $2,211,372. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Trading Down 0.9%

Shares of NYSE IFF traded down $0.69 during mid-day trading on Friday, reaching $75.03. The company had a trading volume of 1,402,520 shares, compared to its average volume of 1,524,695. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances Inc. has a 52 week low of $65.85 and a 52 week high of $106.77. The business's 50-day moving average is $75.52 and its 200-day moving average is $82.00. The stock has a market cap of $19.19 billion, a price-to-earnings ratio of 79.82, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the prior year, the business earned $1.13 EPS. The firm's quarterly revenue was down 1.9% on a year-over-year basis. Equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's payout ratio is -48.93%.

Wall Street Analyst Weigh In

IFF has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their price target on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Mizuho lowered their price target on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Cfra downgraded shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 target price on the stock. in a report on Thursday, February 20th. Finally, Oppenheimer decreased their price target on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $92.54.

About International Flavors & Fragrances

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.