Grantvest Financial Group LLC Makes New Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

Grantvest Financial Group LLC acquired a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,146 shares of the specialty chemicals company’s stock, valued at approximately $351,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in International Flavors & Fragrances by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company’s stock valued at $2,554,996,000 after buying an additional 164,945 shares during the period. State Street Corp boosted its holdings in shares of International Flavors & Fragrances by 1.9% during the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after purchasing an additional 196,696 shares during the period. Geode Capital Management LLC grew its stake in shares of International Flavors & Fragrances by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock worth $628,341,000 after purchasing an additional 77,521 shares during the last quarter. Van ECK Associates Corp increased its holdings in International Flavors & Fragrances by 41.6% during the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock valued at $478,912,000 after purchasing an additional 1,663,629 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in International Flavors & Fragrances by 25.7% in the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock worth $464,926,000 after buying an additional 1,121,414 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 2.3 %

NYSE:IFF opened at $77.93 on Monday. The firm has a 50-day simple moving average of $83.23 and a two-hundred day simple moving average of $90.70. The firm has a market cap of $19.93 billion, a P/E ratio of 82.90, a P/E/G ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a fifty-two week low of $75.46 and a fifty-two week high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data 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 net margin of 2.12% and a return on equity of 7.72%. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. Analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.05%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio is presently 170.21%.

Insiders Place Their Bets

In other news, Director Kevin O’byrne bought 6,500 shares of the company’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 acquisition, the director now owns 6,500 shares of the company’s stock, valued at approximately $522,860. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

IFF has been the topic of several research analyst reports. Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price on the stock. in a research note on Thursday, February 20th. Oppenheimer decreased their price objective on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Citigroup cut their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Wells Fargo & Company reduced their price target on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Finally, Barclays cut their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.77.

About International Flavors & Fragrances

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.