Premier Path Wealth Partners LLC Increases Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Premier Path Wealth Partners LLC grew its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,759 shares of the specialty chemicals company’s stock after purchasing an additional 1,858 shares during the period. Premier Path Wealth Partners LLC’s holdings in International Flavors & Fragrances were worth $1,332,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new position in International Flavors & Fragrances during the 3rd quarter valued at approximately $27,000. Point72 Hong Kong Ltd bought a new position in shares of International Flavors & Fragrances during the 3rd quarter valued at approximately $42,000. Oakworth Capital Inc. bought a new stake in International Flavors & Fragrances in the third quarter worth $44,000. Eastern Bank purchased a new stake in International Flavors & Fragrances during the third quarter valued at $46,000. Finally, Ashton Thomas Securities LLC bought a new position in International Flavors & Fragrances during the third quarter valued at $48,000. 96.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IFF. Citigroup reduced their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. Stifel Nicolaus boosted their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, UBS Group raised their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $109.23.

International Flavors & Fragrances Price Performance

Shares of IFF stock opened at $84.87 on Friday. The company has a market capitalization of $21.70 billion, a P/E ratio of -9.34, a P/E/G ratio of 1.35 and a beta of 1.18. The company’s 50-day simple moving average is $86.80 and its two-hundred day simple moving average is $95.52. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.89 EPS. As a group, equities analysts anticipate 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 of this dividend 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%.

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.

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.