Orca Investment Management LLC Has $2.01 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Orca Investment Management LLC grew its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,144 shares of the specialty chemicals company’s stock after purchasing an additional 158 shares during the period. International Flavors & Fragrances makes up 1.9% of Orca Investment Management LLC’s investment portfolio, making the stock its 17th biggest holding. Orca Investment Management LLC’s holdings in International Flavors & Fragrances were worth $2,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IFF. Riverview Trust Co acquired a new position in International Flavors & Fragrances during the 1st quarter worth approximately $27,000. Quent Capital LLC increased its holdings in shares of 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. Family Firm Inc. acquired a new position in shares of International Flavors & Fragrances during the second quarter worth approximately $38,000. MCF Advisors LLC lifted its holdings in shares of International Flavors & Fragrances by 1,856.0% in the 2nd quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 464 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in International Flavors & Fragrances in the 1st quarter valued at $44,000. Institutional investors own 96.02% of the company’s stock.

Insider Activity

In related news, insider Angela Strzelecki sold 2,588 shares of International Flavors & Fragrances stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $95.66, for a total value of $247,568.08. Following the completion of the sale, the insider now owns 8,539 shares of the company’s stock, valued at approximately $816,840.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Stifel Nicolaus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their price objective for the stock from $95.00 to $115.00 in a report on Monday, July 22nd. Citigroup raised their price target on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $109.00 to $120.00 in a report on Tuesday, September 3rd. UBS Group lowered 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. Finally, Oppenheimer began coverage on International Flavors & Fragrances in a research report on Friday, June 7th. They set an “outperform” rating and a $116.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $103.80.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $103.01 on Friday. International Flavors & Fragrances Inc. has a fifty-two week low of $62.28 and a fifty-two week high of $105.30. The company’s 50-day moving average is $98.32 and its 200 day moving average is $91.84. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38. The company has a market capitalization of $26.30 billion, a P/E ratio of -10.54, a price-to-earnings-growth ratio of 1.87 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last released its 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 firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 EPS. On average, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.21 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders 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 annualized dividend and a dividend yield of 1.55%. International Flavors & Fragrances’s payout ratio 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.