Moss Adams Wealth Advisors LLC Takes Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Moss Adams Wealth Advisors LLC purchased a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,223 shares of the specialty chemicals company’s stock, valued at approximately $213,000.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of International Flavors & Fragrances in the fourth quarter worth about $79,812,000. Nomura Holdings Inc. boosted its position in International Flavors & Fragrances by 139.3% in the 4th quarter. Nomura Holdings Inc. now owns 1,372,685 shares of the specialty chemicals company’s stock valued at $111,146,000 after buying an additional 798,946 shares during the last quarter. Ilex Capital Partners UK LLP increased its stake in shares of International Flavors & Fragrances by 344.5% in the 1st quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock valued at $72,877,000 after buying an additional 656,820 shares during the period. Van ECK Associates Corp raised its position in shares of International Flavors & Fragrances by 12.9% during the fourth quarter. Van ECK Associates Corp now owns 4,434,301 shares of the specialty chemicals company’s stock worth $359,045,000 after acquiring an additional 507,193 shares during the last quarter. Finally, Clearfield Capital Management LP acquired a new position in shares of International Flavors & Fragrances during the fourth quarter valued at $28,771,000. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Up 0.4 %

Shares of IFF stock traded up $0.36 during trading on Thursday, reaching $100.61. The company’s stock had a trading volume of 713,831 shares, compared to its average volume of 1,807,938. The business has a fifty day moving average price of $96.70 and a 200-day moving average price of $89.97. International Flavors & Fragrances Inc. has a one year low of $62.28 and a one year high of $101.89. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. The company has a market cap of $25.69 billion, a price-to-earnings ratio of -10.26, a price-to-earnings-growth ratio of 1.95 and a beta of 1.26.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. International Flavors & Fragrances’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. Analysts anticipate that International Flavors & Fragrances Inc. will post 3.98 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 Wednesday, October 9th. Shareholders of record on Friday, September 20th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -16.38%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider Angela Strzelecki sold 2,588 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $95.66, for a total value of $247,568.08. Following the sale, the insider now directly 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 can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on IFF. Wells Fargo & Company upped their target price on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Morgan Stanley lifted their target price on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 3rd. Stifel Nicolaus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their price objective for the company from $95.00 to $115.00 in a report on Monday, July 22nd. JPMorgan Chase & Co. raised their target price on International Flavors & Fragrances from $100.00 to $102.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Finally, Barclays upped their price target on International Flavors & Fragrances from $82.00 to $93.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $101.80.

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.