International Flavors & Fragrances Inc. (NYSE:IFF) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 278.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,783 shares of the specialty chemicals company’s stock after purchasing an additional 1,312 shares during the period. EverSource Wealth Advisors LLC’s holdings in International Flavors & Fragrances were worth $151,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of IFF. UMB Bank n.a. raised its stake in International Flavors & Fragrances by 8.9% in the fourth 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 in the last quarter. Arete Wealth Advisors LLC raised its position in shares of International Flavors & Fragrances by 4.2% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock worth $321,000 after acquiring an additional 124 shares in the last quarter. Truist Financial Corp boosted its holdings in International Flavors & Fragrances by 0.7% in 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. United Community Bank increased its stake in International Flavors & Fragrances by 19.4% in the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock valued at $78,000 after purchasing an additional 150 shares during the last quarter. Finally, Principal Securities Inc. raised its holdings in International Flavors & Fragrances by 36.6% during the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 171 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at International Flavors & Fragrances

In related news, Director Kevin O’byrne acquired 6,500 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the purchase, the director now directly owns 6,500 shares of the company’s stock, valued at approximately $522,860. This trade represents a ∞ increase in their ownership of the stock. The purchase 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 corporate insiders.

International Flavors & Fragrances Stock Up 3.0 %

IFF stock opened at $82.07 on Tuesday. International Flavors & Fragrances Inc. has a one year low of $78.91 and a one year high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The company has a fifty day moving average of $83.41 and a 200-day moving average of $91.37. The stock has a market capitalization of $20.99 billion, a PE ratio of 87.31, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

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

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances’s payout ratio is 170.21%.

Analyst Upgrades and Downgrades

IFF has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. 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 research report on Thursday, February 20th. Finally, Citigroup decreased their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.