NBC Securities Inc. Raises Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

NBC Securities Inc. grew its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 10.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,444 shares of the specialty chemicals company’s stock after purchasing an additional 135 shares during the quarter. NBC Securities Inc.’s holdings in International Flavors & Fragrances were worth $151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IFF. Riverview Trust Co acquired a new stake in International Flavors & Fragrances in the 1st quarter worth about $27,000. Quent Capital LLC increased its position in shares of International Flavors & Fragrances by 183.2% during the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 240 shares in the last quarter. Family Firm Inc. acquired a new position in International Flavors & Fragrances in the 2nd quarter valued at $38,000. MCF Advisors LLC lifted its holdings in International Flavors & Fragrances by 1,856.0% in the 2nd quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock valued at $47,000 after purchasing an additional 464 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of International Flavors & Fragrances during the third quarter worth $52,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IFF shares. Stifel Nicolaus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their price target for the stock from $95.00 to $115.00 in a research note on Monday, July 22nd. JPMorgan Chase & Co. boosted their target price on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Wells Fargo & Company lifted their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Oppenheimer upped their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Finally, UBS Group lowered their price target on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average target price of $107.43.

International Flavors & Fragrances Price Performance

IFF opened at $104.50 on Friday. The stock’s 50-day moving average price is $102.31 and its 200 day moving average price is $96.64. International Flavors & Fragrances Inc. has a 12-month low of $63.21 and a 12-month high of $106.77. The firm has a market cap of $26.68 billion, a price-to-earnings ratio of -10.70, a PEG ratio of 1.82 and a beta of 1.22. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The business’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is currently -16.38%.

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.