International Flavors & Fragrances Inc. (NYSE:IFF) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1,109.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 774 shares of the specialty chemicals company’s stock after acquiring an additional 710 shares during the quarter. Exchange Traded Concepts LLC’s holdings in International Flavors & Fragrances were worth $81,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IFF. Park Avenue Securities LLC increased its stake in International Flavors & Fragrances by 6.7% in the first quarter. Park Avenue Securities LLC now owns 6,782 shares of the specialty chemicals company’s stock valued at $583,000 after purchasing an additional 428 shares during the period. Ballentine Partners LLC increased its stake in International Flavors & Fragrances by 4.1% in the first quarter. Ballentine Partners LLC now owns 4,755 shares of the specialty chemicals company’s stock valued at $409,000 after purchasing an additional 189 shares during the period. Riverview Trust Co acquired a new position in International Flavors & Fragrances in the first quarter valued at $27,000. Future Financial Wealth Managment LLC acquired a new position in International Flavors & Fragrances in the first quarter valued at $86,000. Finally, 180 Wealth Advisors LLC increased its stake in International Flavors & Fragrances by 14.0% in the first quarter. 180 Wealth Advisors LLC now owns 21,689 shares of the specialty chemicals company’s stock valued at $1,865,000 after purchasing an additional 2,656 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Down 0.2 %

Shares of NYSE IFF opened at $103.87 on Wednesday. International Flavors & Fragrances Inc. has a 12-month low of $63.21 and a 12-month high of $106.77. The company has a market capitalization of $26.52 billion, a PE ratio of -10.63, a price-to-earnings-growth ratio of 1.82 and a beta of 1.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75. The firm’s 50-day moving average is $102.48 and its two-hundred day moving average is $96.86.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results 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. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.23 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is presently -16.38%.

Wall Street Analysts Forecast Growth

IFF has been the topic of a number of recent research reports. UBS Group dropped their price objective on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Stifel Nicolaus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and boosted their price target for the stock from $95.00 to $115.00 in a research note on Monday, July 22nd. Morgan Stanley boosted their price target on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 3rd. Oppenheimer boosted their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.43.

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.