International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,583 shares of the specialty chemicals company’s stock after selling 1,515 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in International Flavors & Fragrances were worth $10,197,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IFF. Parallel Advisors LLC grew its holdings in International Flavors & Fragrances by 3.9% in the 4th quarter. Parallel Advisors LLC now owns 3,679 shares of the specialty chemicals company’s stock worth $298,000 after buying an additional 138 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of International Flavors & Fragrances by 9.7% during the third quarter. Federated Hermes Inc. now owns 1,712 shares of the specialty chemicals company’s stock valued at $117,000 after purchasing an additional 152 shares during the period. Pflug Koory LLC raised its stake in shares of International Flavors & Fragrances by 2.4% during the first quarter. Pflug Koory LLC now owns 6,522 shares of the specialty chemicals company’s stock valued at $561,000 after purchasing an additional 152 shares in the last quarter. IFG Advisory LLC grew its position in International Flavors & Fragrances by 4.0% in the 4th quarter. IFG Advisory LLC now owns 4,000 shares of the specialty chemicals company’s stock valued at $324,000 after buying an additional 155 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in International Flavors & Fragrances by 21.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 901 shares of the specialty chemicals company’s stock valued at $73,000 after buying an additional 157 shares during the period. Institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

IFF has been the topic of a number of research analyst reports. Argus lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. Wells Fargo & Company boosted their price objective on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. raised International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and raised their target price for the company from $75.00 to $100.00 in a research note on Wednesday, May 8th. Mizuho boosted their price target on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Finally, Citigroup lifted their price objective on shares of International Flavors & Fragrances from $100.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Hold” and a consensus target price of $95.61.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $95.21 on Friday. 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 company has a market capitalization of $24.31 billion, a price-to-earnings ratio of -9.75, a P/E/G ratio of 1.89 and a beta of 1.26. The business’s 50-day moving average is $94.05 and its 200-day moving average is $85.61. International Flavors & Fragrances Inc. has a fifty-two week low of $62.11 and a fifty-two week high of $99.91.

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

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.68%. International Flavors & Fragrances’s dividend payout ratio is -16.38%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of International Flavors & Fragrances stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 8,539 shares in the company, valued at $816,840.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

International Flavors & Fragrances 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.