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

Grantvest Financial Group LLC acquired a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,146 shares of the specialty chemicals company's stock, valued at approximately $351,000.

A number of other hedge funds also recently made changes to their positions in IFF. Vanguard Group Inc. grew its position in International Flavors & Fragrances by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company's stock valued at $2,554,996,000 after acquiring an additional 164,945 shares during the last quarter. State Street Corp grew its holdings in shares of International Flavors & Fragrances by 1.9% during the 3rd quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company's stock valued at $1,102,363,000 after purchasing an additional 196,696 shares during the last quarter. Geode Capital Management LLC raised its position in International Flavors & Fragrances by 1.3% in the 3rd 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 period. Van ECK Associates Corp lifted its stake in International Flavors & Fragrances by 41.6% in the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock worth $478,912,000 after purchasing an additional 1,663,629 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in International Flavors & Fragrances by 25.7% during the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company's stock valued at $464,926,000 after buying an additional 1,121,414 shares during the period. 96.02% of the stock is owned by institutional investors.

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Insider Activity at International Flavors & Fragrances

In other news, Director Kevin O'byrne bought 6,500 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the purchase, the director now owns 6,500 shares in the company, valued at approximately $522,860. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on IFF shares. Citigroup lowered their target price 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. Stifel Nicolaus lowered their price objective on International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Oppenheimer cut their target price on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Cfra lowered shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target for the company. in a report on Thursday, February 20th. Finally, Argus raised shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $103.31.

International Flavors & Fragrances Stock Down 2.3 %

IFF traded down $1.77 during midday trading on Friday, reaching $76.41. The company's stock had a trading volume of 930,285 shares, compared to its average volume of 1,476,197. The stock's 50-day moving average is $82.56 and its 200-day moving average is $89.97. International Flavors & Fragrances Inc. has a 1 year low of $76.38 and a 1 year high of $106.77. The firm has a market capitalization of $19.54 billion, a price-to-earnings ratio of 81.28, a PEG ratio of 1.45 and a beta of 1.21. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. As a group, research analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances's payout ratio is 170.21%.

International Flavors & Fragrances Company Profile

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.