Charles Schwab Investment Management Inc. Acquires 46,903 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Charles Schwab Investment Management Inc. grew its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,545,718 shares of the specialty chemicals company’s stock after purchasing an additional 46,903 shares during the period. Charles Schwab Investment Management Inc.’s holdings in International Flavors & Fragrances were worth $130,690,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IFF. UMB Bank n.a. grew its holdings in International Flavors & Fragrances by 8.9% during the fourth quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after buying an additional 119 shares in the last quarter. Huntington National Bank grew its stake in shares of International Flavors & Fragrances by 3.1% in the 3rd quarter. Huntington National Bank now owns 4,095 shares of the specialty chemicals company’s stock worth $430,000 after acquiring an additional 124 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of International Flavors & Fragrances by 4.2% in the third quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock valued at $321,000 after purchasing an additional 124 shares during the last quarter. Truist Financial Corp lifted its position in shares of International Flavors & Fragrances by 0.7% during the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock valued at $1,683,000 after purchasing an additional 129 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in International Flavors & Fragrances by 15.6% during the third quarter. Farther Finance Advisors LLC now owns 1,155 shares of the specialty chemicals company’s stock worth $121,000 after purchasing an additional 156 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Up 0.7 %

International Flavors & Fragrances stock opened at $82.60 on Friday. The firm has a 50 day simple moving average of $83.80 and a 200 day simple moving average of $92.31. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances Inc. has a 1-year low of $78.64 and a 1-year high of $106.77. The firm has a market capitalization of $21.12 billion, a price-to-earnings ratio of 87.88, a P/E/G ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.14. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. On average, analysts predict that International Flavors & Fragrances Inc. will post 4.32 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 Friday, April 11th. Stockholders of record on Friday, March 21st will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances’s payout ratio is 170.21%.

Insider Activity

In other news, Director Kevin O’byrne bought 6,500 shares of the stock in a transaction on Wednesday, March 5th. The shares were acquired 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on IFF. Bank of America decreased their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Cfra lowered International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a report on Thursday, February 20th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Oppenheimer lowered their target price on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Stifel Nicolaus reduced their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $103.50.

International Flavors & Fragrances Company Profile

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.