Creative Planning Lowers Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Creative Planning decreased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 51.3% in the third quarter, Holdings Channel reports. The institutional investor owned 24,746 shares of the specialty chemicals company’s stock after selling 26,048 shares during the period. Creative Planning’s holdings in International Flavors & Fragrances were worth $2,597,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of IFF. Quent Capital LLC increased its stake in shares of International Flavors & Fragrances by 183.2% in the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Family Firm Inc. purchased a new position in shares of International Flavors & Fragrances during the 2nd quarter valued at approximately $38,000. Fidelis Capital Partners LLC acquired a new stake in International Flavors & Fragrances in the 1st quarter valued at $44,000. Larson Financial Group LLC increased its holdings in International Flavors & Fragrances by 5,050.0% in the 1st quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 505 shares in the last quarter. Finally, MCF Advisors LLC raised its position in International Flavors & Fragrances by 1,856.0% during the second quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 464 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

IFF has been the topic of several research analyst reports. Wells Fargo & Company lifted their target price on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Oppenheimer boosted their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Stifel Nicolaus raised their target price on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group dropped their price target on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Finally, Citigroup raised their price objective on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average price target of $107.86.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $101.45 on Friday. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $102.89 and a 200 day moving average price of $97.28. International Flavors & Fragrances Inc. has a 12-month low of $63.21 and a 12-month high of $106.77. The stock has a market cap of $25.94 billion, a P/E ratio of -11.00, a PEG ratio of 1.86 and a beta of 1.22.

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

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is presently -17.35%.

International Flavors & Fragrances 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.