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

GM Advisory Group LLC bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,200 shares of the specialty chemicals company's stock, valued at approximately $686,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Riverview Trust Co acquired a new position in shares of International Flavors & Fragrances in the 1st quarter valued at about $27,000. Quent Capital LLC lifted its stake in International Flavors & Fragrances by 183.2% in the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company's stock valued at $32,000 after buying an additional 240 shares during the period. Family Firm Inc. bought a new position in shares of International Flavors & Fragrances during the 2nd quarter worth approximately $38,000. MCF Advisors LLC grew its position in shares of International Flavors & Fragrances by 1,856.0% during the 2nd quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company's stock worth $47,000 after buying an additional 464 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of International Flavors & Fragrances in the 2nd quarter valued at $48,000. Institutional investors and hedge funds own 96.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on IFF shares. Mizuho upgraded shares of International Flavors & Fragrances from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $109.00 to $120.00 in a report on Tuesday, September 3rd. JPMorgan Chase & Co. upped their price target on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. UBS Group reduced their price objective on International Flavors & Fragrances from $107.00 to $103.00 and set a "neutral" rating for the company in a research note on Thursday, August 15th. Stifel Nicolaus raised International Flavors & Fragrances from a "hold" rating to a "buy" rating and upped their target price for the stock from $95.00 to $115.00 in a research report on Monday, July 22nd. Finally, Wells Fargo & Company lifted their price target 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $103.87.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock traded down $1.01 during mid-day trading on Friday, hitting $102.23. 3,871,269 shares of the stock were exchanged, compared to its average volume of 1,744,996. International Flavors & Fragrances Inc. has a 12 month low of $62.28 and a 12 month high of $105.30. The company has a 50-day simple moving average of $99.73 and a 200 day simple moving average of $93.42. The company has a market capitalization of $26.10 billion, a P/E ratio of -10.49, a P/E/G ratio of 1.85 and a beta of 1.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company posted $0.86 earnings per share. International Flavors & Fragrances's quarterly 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 fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 20th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.57%. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -16.38%.

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.