3,014 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Bought by Global View Capital Management LLC

Global View Capital Management LLC acquired a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the fourth quarter, HoldingsChannel reports. The firm acquired 3,014 shares of the specialty chemicals company’s stock, valued at approximately $250,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. increased its stake in International Flavors & Fragrances by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock valued at $64,533,000 after buying an additional 7,553 shares during the last quarter. Compagnie Lombard Odier SCmA increased its stake in International Flavors & Fragrances by 11.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock valued at $9,654,000 after buying an additional 11,406 shares during the last quarter. Choreo LLC increased its stake in International Flavors & Fragrances by 55.7% in the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock valued at $2,055,000 after buying an additional 8,728 shares during the last quarter. Covea Finance increased its stake in shares of International Flavors & Fragrances by 79.0% during the 4th quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock worth $10,407,000 after purchasing an additional 54,340 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth about $7,508,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at International Flavors & Fragrances

In other news, Director Kevin O’byrne purchased 6,500 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $80.44 per share, with a total value of $522,860.00. Following the acquisition, the director now owns 6,500 shares in the company, valued at approximately $522,860. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $80.41 on Tuesday. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $20.56 billion, a P/E ratio of 85.54, a P/E/G ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a 12-month low of $78.64 and a 12-month high of $106.77. The firm has a 50-day moving average price of $83.73 and a two-hundred day moving average price of $92.12.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. Analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 170.21%.

Analyst Ratings Changes

IFF has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Barclays lowered their price objective on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Bank of America lowered their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, Oppenheimer lowered their price objective on shares of 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

About International Flavors & Fragrances

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.