Quotient Wealth Partners LLC Takes $922,000 Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Quotient Wealth Partners LLC acquired a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,389 shares of the specialty chemicals company's stock, valued at approximately $922,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Winder Pte. Ltd. purchased a new position in International Flavors & Fragrances in the 3rd quarter worth approximately $1,728,544,000. Nordea Investment Management AB boosted its holdings in International Flavors & Fragrances by 16.3% in the third quarter. Nordea Investment Management AB now owns 5,672,776 shares of the specialty chemicals company's stock valued at $388,358,000 after acquiring an additional 795,797 shares in the last quarter. Van ECK Associates Corp increased its position in International Flavors & Fragrances by 12.9% during the 4th quarter. Van ECK Associates Corp now owns 4,434,301 shares of the specialty chemicals company's stock valued at $359,045,000 after purchasing an additional 507,193 shares during the period. First Pacific Advisors LP boosted its position in International Flavors & Fragrances by 15.8% during the 3rd quarter. First Pacific Advisors LP now owns 3,893,127 shares of the specialty chemicals company's stock valued at $265,394,000 after acquiring an additional 530,595 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of International Flavors & Fragrances by 6.1% during the 3rd quarter. Northern Trust Corp now owns 3,119,754 shares of the specialty chemicals company's stock worth $212,674,000 after acquiring an additional 179,894 shares during the period. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Stock Up 0.1 %

Shares of IFF traded up $0.11 during midday trading on Tuesday, hitting $96.63. The stock had a trading volume of 1,547,806 shares, compared to its average volume of 2,109,823. International Flavors & Fragrances Inc. has a twelve month low of $62.11 and a twelve month high of $98.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.05. The company has a 50 day simple moving average of $84.99 and a two-hundred day simple moving average of $80.17. The firm has a market cap of $24.67 billion, a price-to-earnings ratio of -9.96, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.86 by $0.27. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. International Flavors & Fragrances's revenue was down 4.2% compared to the same quarter last year. On average, analysts anticipate that International Flavors & Fragrances Inc. will post 3.83 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances's dividend payout ratio is currently -16.38%.

Analyst Upgrades and Downgrades

IFF has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target 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. Robert W. Baird lifted their price target on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. raised shares of International Flavors & Fragrances from a "neutral" rating to an "overweight" rating and raised their target price for the company from $75.00 to $100.00 in a research note on Wednesday, May 8th. Bank of America raised their price objective on shares of International Flavors & Fragrances from $87.00 to $99.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Morgan Stanley boosted their price target 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $94.18.

About International Flavors & Fragrances

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.