Toronto Dominion Bank boosted its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,779 shares of the specialty chemicals company's stock after acquiring an additional 10,522 shares during the period. Toronto Dominion Bank owned 0.05% of International Flavors & Fragrances worth $11,565,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $32,000. Fairway Wealth LLC acquired a new position in International Flavors & Fragrances in the fourth quarter worth $34,000. Rialto Wealth Management LLC bought a new stake in International Flavors & Fragrances during the fourth quarter valued at $42,000. Principal Securities Inc. raised 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 worth $54,000 after purchasing an additional 171 shares during the period. Finally, Sugar Maple Asset Management LLC bought a new position in shares of International Flavors & Fragrances in the 4th quarter worth about $78,000. 96.02% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on IFF shares. JPMorgan Chase & Co. lowered their price objective on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. Bank of America cut their price target on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. 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 research note on Thursday, February 20th. Citigroup increased their target price on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, UBS Group boosted their price target on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, International Flavors & Fragrances has an average rating of "Moderate Buy" and an average target price of $92.54.
Check Out Our Latest Report on International Flavors & Fragrances
International Flavors & Fragrances Price Performance
IFF traded down $0.69 on Monday, reaching $75.03. The company had a trading volume of 1,402,520 shares, compared to its average volume of 1,525,648. The company has a market capitalization of $19.19 billion, a P/E ratio of 79.82, a PEG ratio of 1.45 and a beta of 1.08. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $75.52 and a 200-day moving average of $81.90. International Flavors & Fragrances Inc. has a one year low of $65.85 and a one year high of $106.77.
International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS 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 analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 earnings per share. As a group, equities research analysts anticipate 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 announced 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. This represents a $1.60 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's payout ratio is currently -48.93%.
Insiders Place Their Bets
In related news, CEO J Erik Fyrwald bought 700 shares of International Flavors & Fragrances stock in a transaction dated Thursday, May 8th. The stock was acquired at an average cost of $74.00 per share, with a total value of $51,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 37,770 shares in the company, valued at approximately $2,794,980. This trade represents a 1.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Beril Yildiz sold 2,400 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $77.33, for a total value of $185,592.00. Following the sale, the chief accounting officer now owns 3,321 shares in the company, valued at approximately $256,812.93. The trade was a 41.95% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 28,550 shares of company stock worth $2,211,372. 0.20% of the stock is owned by corporate insiders.
About International Flavors & Fragrances
(
Free Report)
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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