S.E.E.D. Planning Group LLC Acquires 8,043 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

S.E.E.D. Planning Group LLC boosted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,147 shares of the specialty chemicals company's stock after acquiring an additional 8,043 shares during the quarter. International Flavors & Fragrances comprises about 1.9% of S.E.E.D. Planning Group LLC's investment portfolio, making the stock its 24th biggest holding. S.E.E.D. Planning Group LLC's holdings in International Flavors & Fragrances were worth $5,522,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in International Flavors & Fragrances during the 4th quarter worth about $32,000. Fairway Wealth LLC acquired a new stake in International Flavors & Fragrances during the 4th quarter worth about $34,000. Rialto Wealth Management LLC acquired a new stake in International Flavors & Fragrances during the 4th quarter worth about $42,000. Principal Securities Inc. raised its holdings 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 worth $54,000 after buying an additional 171 shares during the period. Finally, United Community Bank raised its holdings in International Flavors & Fragrances by 19.4% during the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock worth $78,000 after buying an additional 150 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Bank of America decreased their target price on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Morgan Stanley decreased their target price on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Stifel Nicolaus decreased their target price on International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Barclays upgraded International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $76.00 to $84.00 in a report on Thursday, May 8th. Finally, UBS Group upped their target price on International Flavors & Fragrances from $82.00 to $83.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.54.

International Flavors & Fragrances Stock Up 0.6%

NYSE:IFF traded up $0.46 during mid-day trading on Friday, reaching $76.54. The stock had a trading volume of 2,754,559 shares, compared to its average volume of 1,522,848. The business's 50 day moving average is $75.27 and its 200 day moving average is $81.45. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77. The stock has a market cap of $19.58 billion, a P/E ratio of 81.43, a PEG ratio of 1.45 and a beta of 1.08. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93.

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

International Flavors & Fragrances Announces Dividend

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 $0.40 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. International Flavors & Fragrances's dividend payout ratio is currently -48.93%.

Insider Buying and Selling

In related news, EVP Stephen N. Landsman bought 12,000 shares of the firm's stock in a transaction on Monday, May 19th. The stock was 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 directly owns 12,000 shares of the company's stock, valued at $927,360. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kevin O'byrne bought 6,500 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $80.44 per share, with a total value of $522,860.00. Following the transaction, the director now directly owns 6,500 shares of the company's stock, valued at approximately $522,860. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 28,550 shares of company stock worth $2,211,372. Insiders own 0.20% of the company's stock.

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.