GM Advisory Group LLC Raises Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

GM Advisory Group LLC lifted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,750 shares of the specialty chemicals company’s stock after purchasing an additional 718 shares during the quarter. GM Advisory Group LLC’s holdings in International Flavors & Fragrances were worth $655,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in International Flavors & Fragrances during the fourth quarter valued at approximately $32,000. Fairway Wealth LLC bought a new position in shares of International Flavors & Fragrances during the 4th quarter valued at approximately $34,000. Point72 Hong Kong Ltd purchased a new stake in International Flavors & Fragrances during the 3rd quarter valued at $42,000. Rialto Wealth Management LLC bought a new stake in International Flavors & Fragrances in the fourth quarter worth $42,000. Finally, Principal Securities Inc. boosted its stake in International Flavors & Fragrances by 36.6% during the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 171 shares during the period. Institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Barclays dropped their target price on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased 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. Oppenheimer cut their price objective on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, Bank of America lowered their target price on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.50.

International Flavors & Fragrances Trading Down 0.2 %

NYSE:IFF opened at $80.62 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The firm has a 50-day simple moving average of $83.35 and a 200-day simple moving average of $91.13. International Flavors & Fragrances Inc. has a one year low of $78.91 and a one year high of $106.77. The firm has a market cap of $20.62 billion, a P/E ratio of 85.77, a P/E/G ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be issued a $0.40 dividend. The ex-dividend date is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.98%. International Flavors & Fragrances’s dividend payout ratio is presently 170.21%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Kevin O’byrne bought 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares of the company’s stock, valued at approximately $522,860. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Profile

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.