Avanza Fonder AB Makes New $2.31 Million Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

Avanza Fonder AB acquired a new position in International Flavors & Fragrances Inc. (NYSE:IFF) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 27,315 shares of the specialty chemicals company’s stock, valued at approximately $2,309,000.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in International Flavors & Fragrances by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 40,507 shares of the specialty chemicals company’s stock worth $3,857,000 after purchasing an additional 5,008 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of International Flavors & Fragrances by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company’s stock worth $167,244,000 after buying an additional 123,693 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in International Flavors & Fragrances by 17.7% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,399 shares of the specialty chemicals company’s stock valued at $419,000 after buying an additional 660 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in International Flavors & Fragrances by 33.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,425 shares of the specialty chemicals company’s stock valued at $517,000 after buying an additional 1,356 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in International Flavors & Fragrances by 23.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,361 shares of the specialty chemicals company’s stock worth $1,430,000 after acquiring an additional 2,889 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on IFF shares. JPMorgan Chase & Co. cut their target price on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Citigroup dropped their price objective on shares of 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. UBS Group upped their target price 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. Barclays reduced their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Stifel Nicolaus raised their price objective on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus target price of $109.23.

Insider Buying and Selling

In other news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction dated 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 approximately $297,086.50. The trade was a 60.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by insiders.

International Flavors & Fragrances Trading Up 0.5 %

Shares of IFF opened at $84.87 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The firm has a market capitalization of $21.70 billion, a price-to-earnings ratio of -9.34, a PEG ratio of 1.35 and a beta of 1.18. The company has a 50-day moving average of $86.80 and a 200 day moving average of $95.53. International Flavors & Fragrances Inc. has a 1-year low of $72.94 and a 1-year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS. On average, research analysts expect that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a $0.40 dividend. The ex-dividend date 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%.

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.