Wedmont Private Capital Boosts Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Wedmont Private Capital boosted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 43.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,414 shares of the specialty chemicals company’s stock after acquiring an additional 1,033 shares during the quarter. Wedmont Private Capital’s holdings in International Flavors & Fragrances were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in shares of International Flavors & Fragrances during the 3rd quarter valued at about $27,000. Point72 Hong Kong Ltd purchased a new position in shares of International Flavors & Fragrances during the third quarter worth approximately $42,000. Oakworth Capital Inc. bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $44,000. Eastern Bank purchased a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at $46,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of International Flavors & Fragrances during the 3rd quarter valued at $48,000. Institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on IFF shares. Barclays upped their price target on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Citigroup reduced their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a report on Thursday, November 7th. Finally, Stifel Nicolaus upped their price target on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.08.

Insider Activity

In other news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the sale, the insider now directly owns 3,238 shares of the company’s stock, valued at $297,086.50. The trade was a 60.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

International Flavors & Fragrances Trading Up 0.2 %

NYSE:IFF opened at $84.38 on Friday. The company has a 50-day moving average price of $87.08 and a 200-day moving average price of $95.66. The stock has a market cap of $21.57 billion, a price-to-earnings ratio of -9.28, a P/E/G ratio of 1.35 and a beta of 1.18. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a 12 month low of $72.94 and a 12 month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. Equities analysts predict that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.90%. The ex-dividend date was Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

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.