Janney Montgomery Scott LLC Acquires 21,119 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Janney Montgomery Scott LLC grew its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 327,361 shares of the specialty chemicals company's stock after acquiring an additional 21,119 shares during the quarter. Janney Montgomery Scott LLC owned about 0.13% of International Flavors & Fragrances worth $26,506,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Alliance Wealth Advisors LLC UT boosted its stake in International Flavors & Fragrances by 3.2% in the third quarter. Alliance Wealth Advisors LLC UT now owns 4,840 shares of the specialty chemicals company's stock worth $330,000 after buying an additional 148 shares in the last quarter. Federated Hermes Inc. increased its position in shares of International Flavors & Fragrances by 9.7% in the third quarter. Federated Hermes Inc. now owns 1,712 shares of the specialty chemicals company's stock valued at $117,000 after acquiring an additional 152 shares during the period. IFG Advisory LLC grew its position in shares of International Flavors & Fragrances by 4.0% in the 4th quarter. IFG Advisory LLC now owns 4,000 shares of the specialty chemicals company's stock worth $324,000 after buying an additional 155 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in International Flavors & Fragrances by 21.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 901 shares of the specialty chemicals company's stock valued at $73,000 after acquiring an additional 157 shares in the last quarter. Finally, Crumly & Associates Inc. raised its stake in International Flavors & Fragrances by 3.6% in the third quarter. Crumly & Associates Inc. now owns 5,243 shares of the specialty chemicals company's stock worth $357,000 after buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Stock Performance

IFF traded down $0.12 during trading on Wednesday, reaching $96.51. The company's stock had a trading volume of 1,455,342 shares, compared to its average volume of 2,102,873. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.68. International Flavors & Fragrances Inc. has a 52-week low of $62.11 and a 52-week high of $98.24. The company has a market capitalization of $24.64 billion, a price-to-earnings ratio of -9.88, a price-to-earnings-growth ratio of 1.98 and a beta of 1.21. The company's fifty day moving average price is $85.78 and its 200-day moving average price is $80.49.

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

International Flavors & Fragrances Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have commented on IFF. Deutsche Bank Aktiengesellschaft raised their price objective on International Flavors & Fragrances from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. Argus downgraded International Flavors & Fragrances from a "buy" rating to a "hold" rating in a report on Friday, March 8th. StockNews.com upgraded shares of International Flavors & Fragrances from a "sell" rating to a "hold" rating in a research report on Monday, March 25th. Bank of America raised their target price on International Flavors & Fragrances from $87.00 to $99.00 and gave the stock a "neutral" rating in a research report on Friday, May 10th. Finally, Wells Fargo & Company lifted their target price on International Flavors & Fragrances from $100.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $94.18.

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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