S.E.E.D. Planning Group LLC Has $5.34 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

S.E.E.D. Planning Group LLC boosted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 372.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,104 shares of the specialty chemicals company's stock after acquiring an additional 49,761 shares during the quarter. International Flavors & Fragrances accounts for about 1.8% of S.E.E.D. Planning Group LLC's investment portfolio, making the stock its 22nd biggest position. S.E.E.D. Planning Group LLC's holdings in International Flavors & Fragrances were worth $5,335,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of International Flavors & Fragrances by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company's stock valued at $64,533,000 after purchasing an additional 7,553 shares in the last quarter. Kimelman & Baird LLC acquired a new position in International Flavors & Fragrances in the second quarter valued at about $868,000. GM Advisory Group LLC bought a new stake in International Flavors & Fragrances during the second quarter worth about $686,000. Appian Way Asset Management LP bought a new stake in International Flavors & Fragrances during the second quarter worth about $2,990,000. Finally, Soros Fund Management LLC acquired a new stake in shares of International Flavors & Fragrances during the third quarter worth approximately $2,369,000. Institutional investors and hedge funds own 96.02% of the company's stock.

Insider Activity

In related news, insider Yuvraj Arora sold 5,000 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the sale, the insider now owns 3,238 shares in the company, valued at $297,086.50. This represents a 60.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by company insiders.

International Flavors & Fragrances Trading Up 0.6 %

NYSE IFF traded up $0.53 during trading hours on Wednesday, hitting $84.20. The company's stock had a trading volume of 1,447,468 shares, compared to its average volume of 1,522,652. International Flavors & Fragrances Inc. has a twelve month low of $72.94 and a twelve month high of $106.77. The firm has a market capitalization of $21.53 billion, a P/E ratio of -9.26, a PEG ratio of 1.54 and a beta of 1.18. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average of $87.15 and a 200 day moving average of $95.74.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company earned $0.89 EPS. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts forecast 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. Stockholders of record on Friday, December 20th were given a dividend of $0.40 per share. The ex-dividend date was Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.90%. International Flavors & Fragrances's payout ratio is currently -17.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on IFF shares. Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. UBS Group boosted their price objective 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. 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. Barclays upped their price target on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Friday, October 11th. Finally, Morgan Stanley upgraded shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of "Moderate Buy" and an average price target of $110.08.

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.