Victory Capital Management Inc. Buys 3,400 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Victory Capital Management Inc. boosted its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,419 shares of the specialty chemicals company's stock after purchasing an additional 3,400 shares during the quarter. Victory Capital Management Inc.'s holdings in International Flavors & Fragrances were worth $9,843,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. grew its stake in shares of International Flavors & Fragrances by 6.4% in the third quarter. Assetmark Inc. now owns 11,839 shares of the specialty chemicals company's stock worth $1,242,000 after acquiring an additional 710 shares during the period. Axxcess Wealth Management LLC purchased a new position in shares of International Flavors & Fragrances in the third quarter worth $215,000. Ashton Thomas Securities LLC purchased a new stake in International Flavors & Fragrances in the 3rd quarter worth $48,000. Venturi Wealth Management LLC lifted its position in shares of International Flavors & Fragrances by 40.9% in the third quarter. Venturi Wealth Management LLC now owns 989 shares of the specialty chemicals company's stock worth $104,000 after buying an additional 287 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its position in shares of International Flavors & Fragrances by 31.1% in the third quarter. Apollon Wealth Management LLC now owns 5,397 shares of the specialty chemicals company's stock worth $566,000 after buying an additional 1,281 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IFF. Citigroup decreased their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, December 18th. Barclays decreased their price target on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Cfra cut shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 target price on the stock. in a research report on Thursday, February 20th. Wells Fargo & Company decreased their target price 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, Bank of America decreased their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.50.

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Insider Transactions at International Flavors & Fragrances

In related news, Director Kevin O'byrne acquired 6,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the purchase, the director now directly owns 6,500 shares of the company's stock, valued at $522,860. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company's stock.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $79.16 on Friday. The stock has a market cap of $20.24 billion, a price-to-earnings ratio of 84.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a 1 year low of $78.91 and a 1 year high of $106.77. The firm has a 50-day moving average of $83.54 and a two-hundred day moving average of $91.89.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. On average, research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 2.02%. International Flavors & Fragrances's payout ratio is presently 170.21%.

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.

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