First Hawaiian Bank Boosts Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

First Hawaiian Bank boosted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,330 shares of the specialty chemicals company’s stock after purchasing an additional 3,202 shares during the period. First Hawaiian Bank’s holdings in International Flavors & Fragrances were worth $2,311,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of IFF. 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 International Flavors & Fragrances during the third quarter valued at approximately $42,000. Oakworth Capital Inc. bought a new position in shares of International Flavors & Fragrances in the third quarter worth approximately $44,000. Eastern Bank purchased a new stake in shares of International Flavors & Fragrances in the third quarter worth $46,000. Finally, Headlands Technologies LLC bought a new stake in shares of International Flavors & Fragrances during the 2nd quarter valued at $48,000. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

IFF has been the subject of a number of analyst reports. UBS Group increased their price target on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday. Citigroup dropped their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective on the stock in a research report on Friday, November 8th. Finally, Oppenheimer raised their target price on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.21.

Insider Transactions at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction dated Monday, November 11th. The shares were 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. This represents a 60.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Trading Down 0.6 %

IFF opened at $82.05 on Thursday. The stock has a 50-day moving average of $88.47 and a 200 day moving average of $96.12. 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. The firm has a market cap of $20.98 billion, a P/E ratio of -9.03, a P/E/G ratio of 1.54 and a beta of 1.18.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the firm posted $0.89 EPS. International Flavors & Fragrances’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, research analysts forecast that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

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.