International Flavors & Fragrances Inc. (NYSE:IFF) Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc grew its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 1,409.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 634 shares of the specialty chemicals company’s stock after acquiring an additional 592 shares during the quarter. Versant Capital Management Inc’s holdings in International Flavors & Fragrances were worth $60,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IFF. Blue Bell Private Wealth Management LLC raised its stake in shares of International Flavors & Fragrances by 3,000.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 300 shares during the last quarter. Riverview Trust Co purchased a new position in International Flavors & Fragrances during the first quarter valued at approximately $27,000. Quent Capital LLC raised its position in International Flavors & Fragrances by 183.2% during the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 240 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in International Flavors & Fragrances during the fourth quarter valued at approximately $41,000. Finally, Fidelis Capital Partners LLC purchased a new position in International Flavors & Fragrances during the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on IFF shares. Citigroup lifted their price target on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. raised International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $75.00 to $100.00 in a report on Wednesday, May 8th. UBS Group raised their price objective on International Flavors & Fragrances from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Barclays raised their price objective on International Flavors & Fragrances from $82.00 to $93.00 and gave the company an “equal weight” rating in a report on Wednesday, May 8th. Finally, Wells Fargo & Company raised their price objective on International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $98.33.

International Flavors & Fragrances Trading Up 2.0 %

Shares of IFF traded up $1.87 during trading on Tuesday, reaching $96.48. 2,019,419 shares of the company traded hands, compared to its average volume of 1,840,679. International Flavors & Fragrances Inc. has a twelve month low of $62.11 and a twelve month high of $101.89. The stock has a market cap of $24.64 billion, a PE ratio of -9.88, a price-to-earnings-growth ratio of 1.95 and a beta of 1.26. The stock has a 50-day simple moving average of $96.63 and a 200-day simple moving average of $88.72. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 0.64.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the business earned $0.86 earnings per share. On average, analysts anticipate that International Flavors & Fragrances Inc. will post 3.98 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 20th will be paid a $0.40 dividend. The ex-dividend date is Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.66%. International Flavors & Fragrances’s dividend payout ratio is currently -16.38%.

Insider Buying and Selling

In related news, insider Angela Strzelecki sold 2,588 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $95.66, for a total value of $247,568.08. Following the completion of the transaction, the insider now owns 8,539 shares in the company, valued at $816,840.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.

About International Flavors & Fragrances

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.