Kingswood Wealth Advisors LLC Sells 410 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Kingswood Wealth Advisors LLC trimmed its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 5.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,512 shares of the specialty chemicals company’s stock after selling 410 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in International Flavors & Fragrances were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of IFF. Kestra Advisory Services LLC bought a new position in International Flavors & Fragrances in the 3rd quarter valued at $231,000. FMR LLC increased its stake in shares of International Flavors & Fragrances by 13.5% in the third quarter. FMR LLC now owns 363,492 shares of the specialty chemicals company’s stock valued at $24,779,000 after buying an additional 43,348 shares in the last quarter. LPL Financial LLC raised its holdings in shares of International Flavors & Fragrances by 24.2% in the third quarter. LPL Financial LLC now owns 137,415 shares of the specialty chemicals company’s stock valued at $9,368,000 after buying an additional 26,785 shares during the last quarter. Federated Hermes Inc. lifted its position in International Flavors & Fragrances by 9.7% during the 3rd quarter. Federated Hermes Inc. now owns 1,712 shares of the specialty chemicals company’s stock worth $117,000 after buying an additional 152 shares in the last quarter. Finally, Natixis Advisors L.P. increased its position in International Flavors & Fragrances by 137.8% in the 3rd quarter. Natixis Advisors L.P. now owns 97,913 shares of the specialty chemicals company’s stock valued at $6,675,000 after acquiring an additional 56,732 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider Angela Strzelecki sold 2,588 shares of the business’s stock in a transaction on 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 owns 8,539 shares of the company’s stock, valued at $816,840.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IFF. Wells Fargo & Company increased their price target on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. Oppenheimer initiated coverage on International Flavors & Fragrances in a research note on Friday, June 7th. They issued an “outperform” rating and a $116.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their price target on International Flavors & Fragrances from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Argus cut International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Finally, Stifel Nicolaus raised their target price on shares of International Flavors & Fragrances from $87.00 to $95.00 and gave the company a “hold” rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $95.61.

International Flavors & Fragrances Price Performance

NYSE IFF opened at $96.19 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.05. The business has a 50 day simple moving average of $93.58 and a 200 day simple moving average of $85.34. International Flavors & Fragrances Inc. has a 52-week low of $62.11 and a 52-week high of $99.91.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.27. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.78 billion. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the business posted $0.87 earnings per share. As a group, analysts forecast that International Flavors & Fragrances Inc. will post 3.97 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 21st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio is presently -16.38%.

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.