Simon Quick Advisors LLC Purchases New Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Simon Quick Advisors LLC purchased a new stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,652 shares of the specialty chemicals company's stock, valued at approximately $283,000.

Several other institutional investors have also recently added to or reduced their stakes in IFF. SBI Securities Co. Ltd. acquired a new position in International Flavors & Fragrances in the fourth quarter valued at approximately $32,000. Fairway Wealth LLC acquired a new position in International Flavors & Fragrances in the fourth quarter valued at approximately $34,000. Rialto Wealth Management LLC bought a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $42,000. Principal Securities Inc. increased its holdings in shares of International Flavors & Fragrances by 36.6% during the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock valued at $54,000 after acquiring an additional 171 shares in the last quarter. Finally, United Community Bank increased its holdings in shares of International Flavors & Fragrances by 19.4% during the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock valued at $78,000 after acquiring an additional 150 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IFF has been the subject of several recent research reports. Cfra downgraded International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective for the company. in a report on Thursday, February 20th. Morgan Stanley decreased their price objective on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Tigress Financial assumed coverage on International Flavors & Fragrances in a report on Wednesday, June 4th. They set a "buy" rating and a $105.00 price objective for the company. Citigroup upped their price target on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, UBS Group upped their price target on International Flavors & Fragrances from $82.00 to $83.00 and gave the stock 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 thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $93.43.

Insider Transactions at International Flavors & Fragrances

In other news, Director Kevin O'byrne purchased 4,500 shares of the stock in a transaction on Thursday, May 22nd. The stock was bought at an average price of $76.05 per share, with a total value of $342,225.00. Following the transaction, the director now owns 7,696 shares in the company, valued at $585,280.80. The trade was a 140.80% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen N. Landsman purchased 12,000 shares of the stock in a transaction on Monday, May 19th. The shares were 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 owns 12,000 shares in the company, valued at $927,360. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired 22,050 shares of company stock valued at $1,688,512 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Trading Down 3.0%

Shares of NYSE:IFF traded down $2.32 during trading on Friday, hitting $76.05. The company had a trading volume of 1,058,307 shares, compared to its average volume of 1,521,536. The stock has a market cap of $19.45 billion, a price-to-earnings ratio of 80.90, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05. International Flavors & Fragrances Inc. has a one year low of $65.85 and a one year high of $106.77. The company has a fifty day simple moving average of $75.68 and a two-hundred day simple moving average of $80.62. 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 issued its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.08. The firm 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 company's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 earnings per share. As a group, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be given 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 dividend yield of 2.10%. International Flavors & Fragrances's payout ratio is -48.93%.

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.