Sugar Maple Asset Management LLC Makes New $78,000 Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

Sugar Maple Asset Management LLC bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) during the 4th quarter, HoldingsChannel reports. The fund bought 924 shares of the specialty chemicals company’s stock, valued at approximately $78,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IFF. American Century Companies Inc. boosted its holdings in shares of International Flavors & Fragrances by 14.1% in the second quarter. American Century Companies Inc. now owns 40,507 shares of the specialty chemicals company’s stock valued at $3,857,000 after acquiring an additional 5,008 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of International Flavors & Fragrances by 33.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 5,425 shares of the specialty chemicals company’s stock valued at $517,000 after purchasing an additional 1,356 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of International Flavors & Fragrances by 23.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,361 shares of the specialty chemicals company’s stock valued at $1,430,000 after purchasing an additional 2,889 shares during the period. Intech Investment Management LLC lifted its stake in shares of International Flavors & Fragrances by 41.1% in the second quarter. Intech Investment Management LLC now owns 16,136 shares of the specialty chemicals company’s stock valued at $1,536,000 after purchasing an additional 4,702 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of International Flavors & Fragrances by 4.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,232 shares of the specialty chemicals company’s stock valued at $879,000 after purchasing an additional 409 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IFF. Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. UBS Group upped their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. reduced their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Bank of America raised 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 report on Friday, November 8th. Finally, Barclays reduced their price target on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Friday. One investment 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, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average price target of $109.23.

Insider Transactions at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.09% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $84.87 on Tuesday. 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 quick ratio of 1.93 and a current ratio of 2.62. The company has a 50 day moving average price of $86.67 and a 200 day moving average price of $95.46. The firm has a market capitalization of $21.70 billion, a price-to-earnings ratio of -9.34, a price-to-earnings-growth ratio of 1.45 and a beta of 1.18.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 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 company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company posted $0.89 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.15 EPS for the current 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -17.60%.

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.