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

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

Several other institutional investors also recently bought and sold shares of IFF. SBI Securities Co. Ltd. acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $32,000. Mather Group LLC. grew its position in shares of International Flavors & Fragrances by 179.9% in the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock valued at $51,000 after purchasing an additional 421 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of International Flavors & Fragrances in the first quarter valued at about $77,000. Quarry LP acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $78,000. Finally, Farther Finance Advisors LLC grew its position in shares of International Flavors & Fragrances by 48.5% in the first quarter. Farther Finance Advisors LLC now owns 1,534 shares of the specialty chemicals company's stock valued at $119,000 after purchasing an additional 501 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, EVP Stephen N. Landsman purchased 12,000 shares of the company's stock in a transaction that occurred 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 $927,360. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hernandez Margarita Palau purchased 850 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was bought at an average cost of $77.42 per share, for a total transaction of $65,807.00. Following the acquisition, the director directly owned 2,393 shares in the company, valued at approximately $185,266.06. The trade was a 55.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 22,050 shares of company stock valued at $1,688,512 in the last quarter. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

IFF has been the topic of a number of recent research reports. Barclays raised International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $76.00 to $84.00 in a research report on Thursday, May 8th. Mizuho decreased their target price on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Tigress Financial initiated coverage on International Flavors & Fragrances in a research report on Wednesday, June 4th. They set a "buy" rating and a $105.00 target price on the stock. Robert W. Baird decreased their target price on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Finally, Oppenheimer cut their price target on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $93.43.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF traded down $1.27 during trading on Monday, reaching $74.68. The stock had a trading volume of 1,320,443 shares, compared to its average volume of 1,708,303. International Flavors & Fragrances Inc. has a 52 week low of $65.85 and a 52 week high of $106.77. The business's 50-day moving average price is $76.05 and its 200 day moving average price is $78.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.87 and a quick ratio of 1.39. The stock has a market capitalization of $19.10 billion, a PE ratio of -22.84, a P/E/G ratio of 3.38 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its earnings results 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. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 7.31% and a positive return on equity of 7.99%. The business's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.13 EPS. As a group, equities analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 20th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, June 20th. International Flavors & Fragrances's payout ratio is presently -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.