14,578 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Purchased by Camelot Portfolios LLC

Camelot Portfolios LLC bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,578 shares of the specialty chemicals company's stock, valued at approximately $1,180,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clear Street Markets LLC bought a new stake in International Flavors & Fragrances during the fourth quarter worth about $27,000. Penserra Capital Management LLC acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $31,000. Covestor Ltd lifted its position in shares of International Flavors & Fragrances by 48.8% in the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company's stock valued at $32,000 after buying an additional 80 shares during the last quarter. West Tower Group LLC acquired a new stake in shares of International Flavors & Fragrances in the second quarter valued at approximately $35,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of International Flavors & Fragrances by 241.3% in the third quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company's stock valued at $51,000 after buying an additional 526 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Trading Up 1.5 %

Shares of IFF traded up $1.27 during midday trading on Wednesday, hitting $85.52. The company's stock had a trading volume of 1,694,265 shares, compared to its average volume of 2,343,696. International Flavors & Fragrances Inc. has a one year low of $62.11 and a one year high of $97.49. The company's fifty day simple moving average is $80.78 and its two-hundred day simple moving average is $75.99. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the business earned $0.97 EPS. The company's revenue was down 5.0% compared to the same quarter last year. Equities analysts predict that International Flavors & Fragrances Inc. will post 3.69 EPS for the current year.

International Flavors & Fragrances Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Friday, March 22nd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, March 21st. International Flavors & Fragrances's dividend payout ratio (DPR) is -15.94%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on IFF shares. Stifel Nicolaus lowered their target price on International Flavors & Fragrances from $87.00 to $80.00 and set a "hold" rating on the stock in a research note on Wednesday, February 21st. Morgan Stanley increased their target price on International Flavors & Fragrances from $89.00 to $96.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 27th. Citigroup lowered their target price on International Flavors & Fragrances from $85.00 to $81.00 and set a "neutral" rating on the stock in a research note on Friday, February 23rd. Deutsche Bank Aktiengesellschaft increased their target price on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Finally, Mizuho increased their target price on International Flavors & Fragrances from $83.00 to $91.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 20th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of "Hold" and an average target price of $84.29.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.

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