FORA Capital LLC Takes Position in International Flavors & Fragrances Inc. (NYSE:IFF)

FORA Capital LLC acquired a new stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,504 shares of the specialty chemicals company's stock, valued at approximately $296,000.

Several other hedge funds have also recently added to or reduced their stakes in IFF. UMB Bank n.a. raised its stake in International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company's stock worth $123,000 after buying an additional 119 shares during the period. Truist Financial Corp increased its position in shares of International Flavors & Fragrances by 0.7% during the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company's stock valued at $1,683,000 after acquiring an additional 129 shares during the last quarter. Wahed Invest LLC increased its position in shares of International Flavors & Fragrances by 2.1% during the fourth quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company's stock valued at $536,000 after acquiring an additional 130 shares during the last quarter. United Community Bank increased its position 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 during the last quarter. Finally, Commerce Bank grew its holdings in International Flavors & Fragrances by 3.8% during the fourth quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company's stock valued at $350,000 after purchasing an additional 152 shares during the period. Institutional investors own 96.02% of the company's stock.

Wall Street Analysts Forecast Growth

IFF has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. UBS Group lifted their price objective on International Flavors & Fragrances from $82.00 to $83.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price target on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Robert W. Baird decreased their price target on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Finally, Stifel Nicolaus cut their price objective on International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $92.54.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Kevin O'byrne acquired 6,500 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the acquisition, the director now owns 6,500 shares of the company's stock, valued at $522,860. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO J Erik Fyrwald acquired 700 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average price of $74.00 per share, for a total transaction of $51,800.00. Following 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 disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Trading Up 0.2%

Shares of NYSE IFF traded up $0.14 during trading hours on Tuesday, reaching $76.49. The stock had a trading volume of 1,918,396 shares, compared to its average volume of 1,523,368. 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 firm has a market cap of $19.57 billion, a price-to-earnings ratio of 81.37, a P/E/G ratio of 1.45 and a beta of 1.08. The business's fifty day moving average price is $76.18 and its two-hundred day moving average price is $83.19. International Flavors & Fragrances Inc. has a 52-week low of $65.85 and a 52-week high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share 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 during the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the prior year, the business posted $1.13 EPS. The firm's quarterly revenue was down 1.9% on a year-over-year basis. Analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.09%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's payout ratio is currently -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.