Lido Advisors LLC Increases Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Lido Advisors LLC raised its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 36.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,168 shares of the specialty chemicals company's stock after buying an additional 3,246 shares during the quarter. Lido Advisors LLC's holdings in International Flavors & Fragrances were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of International Flavors & Fragrances in the third quarter valued at approximately $406,000. Tidal Investments LLC increased its stake in International Flavors & Fragrances by 9.3% in the 3rd quarter. Tidal Investments LLC now owns 8,809 shares of the specialty chemicals company's stock valued at $924,000 after buying an additional 750 shares during the period. Principal Financial Group Inc. raised its position in International Flavors & Fragrances by 2.1% during the 3rd quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company's stock worth $49,388,000 after buying an additional 9,555 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of International Flavors & Fragrances by 46.8% in the 4th quarter. Versant Capital Management Inc now owns 1,041 shares of the specialty chemicals company's stock worth $88,000 after acquiring an additional 332 shares during the period. Finally, Central Pacific Bank Trust Division boosted its holdings in shares of International Flavors & Fragrances by 8.2% in the fourth quarter. Central Pacific Bank Trust Division now owns 10,600 shares of the specialty chemicals company's stock valued at $896,000 after acquiring an additional 800 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on IFF shares. Mizuho lowered their price objective on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Bank of America decreased their price target on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Barclays cut their price objective on International Flavors & Fragrances from $82.00 to $76.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Morgan Stanley lowered their price target on shares of International Flavors & Fragrances from $106.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. reduced 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 note on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of "Moderate Buy" and an average target price of $94.54.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne bought 6,500 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the transaction, the director now owns 6,500 shares of the company's stock, valued at $522,860. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company's stock.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF traded up $0.09 on Tuesday, hitting $79.24. The company had a trading volume of 1,734,541 shares, compared to its average volume of 1,528,928. The company has a market cap of $20.26 billion, a PE ratio of 84.30, a PEG ratio of 1.45 and a beta of 1.08. The business has a 50 day moving average of $76.86 and a 200 day moving average of $84.21. International Flavors & Fragrances Inc. has a 52-week low of $65.85 and a 52-week high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

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 (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.11. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. As a group, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio is presently 170.21%.

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.