World Investment Advisors Buys New Position in International Flavors & Fragrances Inc. (NYSE:IFF)

World Investment Advisors bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 4,602 shares of the specialty chemicals company's stock, valued at approximately $357,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in International Flavors & Fragrances during the 4th quarter worth approximately $32,000. Mather Group LLC. increased its position in shares of International Flavors & Fragrances by 179.9% during the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock worth $51,000 after acquiring an additional 421 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of International Flavors & Fragrances during the first quarter worth $77,000. Quarry LP acquired a new position in International Flavors & Fragrances in the 4th quarter worth $78,000. Finally, Farther Finance Advisors LLC increased its holdings in International Flavors & Fragrances by 48.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,534 shares of the specialty chemicals company's stock worth $119,000 after purchasing an additional 501 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IFF shares. Tigress Financial started coverage on International Flavors & Fragrances in a research report on Wednesday, June 4th. They set a "buy" rating and a $105.00 price objective for the company. Mizuho decreased their price target 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. Wells Fargo & Company cut their price objective 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. Citigroup raised their target price on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Barclays upgraded International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $76.00 to $84.00 in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $93.43.

Insider Buying and Selling

In related news, CAO Beril Yildiz sold 2,400 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $77.33, for a total value of $185,592.00. Following the completion of the transaction, the chief accounting officer owned 3,321 shares of the company's stock, valued at $256,812.93. This represents a 41.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen N. Landsman bought 12,000 shares of the firm's stock in a transaction on Monday, May 19th. The shares were bought at an average cost of $77.28 per share, for a total transaction of $927,360.00. Following the purchase, the executive vice president owned 12,000 shares of the company's stock, valued at approximately $927,360. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 22,050 shares of company stock worth $1,688,512. 0.20% of the stock is owned by company insiders.

International Flavors & Fragrances Stock Performance

IFF stock traded down $0.63 during trading hours on Friday, hitting $75.99. 1,099,346 shares of the stock were exchanged, compared to its average volume of 1,534,220. International Flavors & Fragrances Inc. has a 12 month low of $65.85 and a 12 month high of $106.77. The company has a current ratio of 1.87, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58. The company has a 50-day simple moving average of $76.05 and a two-hundred day simple moving average of $78.91. The firm has a market capitalization of $19.44 billion, a P/E ratio of -23.24, a P/E/G ratio of 3.41 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly 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. International Flavors & Fragrances had a negative net margin of 7.31% and a positive return on equity of 7.99%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the business earned $1.13 earnings per share. The firm's quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 20th were given a dividend of $0.40 per share. The ex-dividend date was Friday, June 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.11%. 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.