International Flavors & Fragrances Inc. (NYSE:IFF) Shares Acquired by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC raised its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 14.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,384 shares of the specialty chemicals company’s stock after purchasing an additional 2,174 shares during the period. Prime Capital Investment Advisors LLC’s holdings in International Flavors & Fragrances were worth $1,655,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IFF. International Assets Investment Management LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at about $380,000. Principal Securities Inc. purchased a new stake in International Flavors & Fragrances during the fourth quarter worth approximately $43,000. Vanguard Personalized Indexing Management LLC increased its position in shares of International Flavors & Fragrances by 65.5% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 11,762 shares of the specialty chemicals company’s stock worth $952,000 after acquiring an additional 4,654 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of International Flavors & Fragrances by 26.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,854 shares of the specialty chemicals company’s stock valued at $150,000 after acquiring an additional 393 shares during the period. Finally, ING Groep NV lifted its holdings in shares of International Flavors & Fragrances by 9.1% during the 4th quarter. ING Groep NV now owns 34,948 shares of the specialty chemicals company’s stock valued at $2,830,000 after acquiring an additional 2,903 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Up 0.6 %

Shares of International Flavors & Fragrances stock opened at $104.22 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $99.32 and a 200 day moving average price of $93.08. International Flavors & Fragrances Inc. has a fifty-two week low of $62.28 and a fifty-two week high of $105.30. The firm has a market cap of $26.61 billion, a P/E ratio of -10.67, a P/E/G ratio of 1.85 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.15. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 EPS. On average, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 20th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is presently -16.38%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group lowered their price target on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Morgan Stanley upped their price target on International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 3rd. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. upped their target price on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Finally, Wells Fargo & Company lifted their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Hold” and a consensus target price of $103.87.

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.