Albion Financial Group UT Acquires 389 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Albion Financial Group UT lifted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,400 shares of the specialty chemicals company’s stock after buying an additional 389 shares during the period. Albion Financial Group UT’s holdings in International Flavors & Fragrances were worth $2,486,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IFF. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of International Flavors & Fragrances by 0.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,366,218 shares of the specialty chemicals company’s stock valued at $115,514,000 after purchasing an additional 3,442 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new stake in International Flavors & Fragrances during the 4th quarter valued at $78,000. UMB Bank n.a. lifted its holdings in shares of International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock valued at $123,000 after buying an additional 119 shares during the period. HF Advisory Group LLC boosted its stake in shares of International Flavors & Fragrances by 8.3% in the 4th quarter. HF Advisory Group LLC now owns 7,282 shares of the specialty chemicals company’s stock worth $616,000 after buying an additional 561 shares during the last quarter. Finally, Premier Path Wealth Partners LLC grew its holdings in shares of International Flavors & Fragrances by 13.4% in the fourth quarter. Premier Path Wealth Partners LLC now owns 15,759 shares of the specialty chemicals company’s stock worth $1,332,000 after acquiring an additional 1,858 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on IFF shares. UBS Group raised their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Stifel Nicolaus boosted their target price 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. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a research report on Friday, November 8th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Thursday, November 7th. Finally, Barclays lowered their target price on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. One equities research 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $109.23.

Insiders Place Their Bets

In other news, insider Yuvraj Arora sold 5,000 shares of the firm’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. This trade represents a 60.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is currently owned by insiders.

International Flavors & Fragrances Stock Performance

IFF opened at $85.55 on Wednesday. The stock has a market capitalization of $21.87 billion, a price-to-earnings ratio of -9.41, a PEG ratio of 1.45 and a beta of 1.18. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The company has a fifty day moving average of $86.60 and a 200 day moving average of $95.39.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results 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). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the firm posted $0.89 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.60 annualized dividend and a yield of 1.87%. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

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.