Novem Group Takes $600,000 Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Novem Group acquired a new position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,100 shares of the specialty chemicals company's stock, valued at approximately $600,000.

Several other large investors have also recently added to or reduced their stakes in IFF. Compagnie Lombard Odier SCmA grew its stake in shares of International Flavors & Fragrances by 11.1% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company's stock worth $9,654,000 after purchasing an additional 11,406 shares in the last quarter. Choreo LLC grew its position in International Flavors & Fragrances by 55.7% in the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company's stock valued at $2,055,000 after buying an additional 8,728 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in International Flavors & Fragrances during the 4th quarter valued at about $7,508,000. Regents Gate Capital LLP bought a new stake in shares of International Flavors & Fragrances during the 4th quarter worth about $6,044,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter worth approximately $8,099,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, EVP Stephen N. Landsman acquired 12,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average price of $77.28 per share, with a total value of $927,360.00. Following the completion of the transaction, the executive vice president now owns 12,000 shares in the company, valued at $927,360. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Beril Yildiz sold 2,400 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $77.33, for a total transaction of $185,592.00. Following the completion of the sale, the chief accounting officer now directly owns 3,321 shares of the company's stock, valued at $256,812.93. This represents a 41.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 24,050 shares of company stock valued at $1,869,147. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on IFF shares. Morgan Stanley dropped their price objective on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company dropped their price target on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Bank of America cut their price target on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Robert W. Baird lowered their price objective on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Finally, Mizuho cut their target price on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances has an average rating of "Moderate Buy" and a consensus price target of $92.54.

International Flavors & Fragrances Price Performance

IFF opened at $77.11 on Thursday. International Flavors & Fragrances Inc. has a 12-month low of $65.85 and a 12-month high of $106.77. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $19.72 billion, a P/E ratio of 82.03, a PEG ratio of 1.45 and a beta of 1.08. The stock has a fifty day moving average of $75.76 and a 200-day moving average of $82.33.

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 for the quarter, beating analysts' consensus estimates of $1.12 by $0.08. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The firm's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 EPS. Equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, June 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.08%. International Flavors & Fragrances's dividend payout ratio is -48.93%.

International Flavors & Fragrances Company Profile

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.

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