International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Peoples Bank KS

Peoples Bank KS trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,714 shares of the specialty chemicals company’s stock after selling 400 shares during the period. Peoples Bank KS’s holdings in International Flavors & Fragrances were worth $809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new position in shares of International Flavors & Fragrances in the first quarter worth about $27,000. Quent Capital LLC lifted its position in International Flavors & Fragrances by 183.2% during the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 240 shares during the period. Family Firm Inc. purchased a new stake in International Flavors & Fragrances in the second quarter valued at $38,000. Fidelis Capital Partners LLC purchased a new position in shares of International Flavors & Fragrances during the 1st quarter valued at about $44,000. Finally, Larson Financial Group LLC boosted its stake in shares of International Flavors & Fragrances by 5,050.0% in the first quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 505 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Down 0.2 %

International Flavors & Fragrances stock traded down $0.16 during mid-day trading on Friday, hitting $100.47. The company’s stock had a trading volume of 786,897 shares, compared to its average volume of 1,714,066. The stock’s fifty day moving average is $100.96 and its two-hundred day moving average is $95.08. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $25.66 billion, a PE ratio of -10.30, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22. International Flavors & Fragrances Inc. has a 1 year low of $62.28 and a 1 year high of $105.96.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the firm earned $0.86 EPS. International Flavors & Fragrances’s revenue was down 1.4% on a year-over-year basis. On average, analysts anticipate that International Flavors & Fragrances Inc. will post 4.23 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 20th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -16.38%.

Analyst Ratings Changes

Several equities research analysts have commented on IFF shares. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Citigroup increased their target price on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Stifel Nicolaus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their price target for the stock from $95.00 to $115.00 in a report on Monday, July 22nd. Wells Fargo & Company raised their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, Oppenheimer lifted their target price on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances presently has an average rating of “Hold” and a consensus target price of $103.87.

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.