Avanza Fonder AB Makes New Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

Avanza Fonder AB bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,315 shares of the specialty chemicals company's stock, valued at approximately $2,309,000.

A number of other large investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in International Flavors & Fragrances in the third quarter valued at approximately $27,000. Point72 Hong Kong Ltd purchased a new stake in International Flavors & Fragrances in the 3rd quarter valued at $42,000. Oakworth Capital Inc. acquired a new stake in International Flavors & Fragrances during the 3rd quarter worth $44,000. Eastern Bank purchased a new position in International Flavors & Fragrances during the 3rd quarter worth $46,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of International Flavors & Fragrances during the third quarter worth about $48,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Trading Up 0.5 %

NYSE IFF traded up $0.43 during mid-day trading on Friday, reaching $84.87. 1,116,952 shares of the stock were exchanged, compared to its average volume of 1,175,701. The business's fifty day simple moving average is $86.80 and its 200 day simple moving average is $95.53. The stock has a market capitalization of $21.70 billion, a PE ratio of -9.34, a PEG ratio of 1.35 and a beta of 1.18. International Flavors & Fragrances Inc. has a 1-year low of $72.94 and a 1-year high of $106.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the company earned $0.89 EPS. International Flavors & Fragrances's revenue was up 3.7% on a year-over-year basis. On average, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.89%. International Flavors & Fragrances's payout ratio is currently -17.60%.

Analysts Set New Price Targets

IFF has been the subject of several recent research reports. Citigroup decreased their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating for the company in a report 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 target for the company in a report on Friday, November 8th. Morgan Stanley raised shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $111.00 to $110.00 in a report on Tuesday, November 12th. UBS Group lifted their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lowered their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $109.23.

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.