Janney Montgomery Scott LLC Acquires New Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Janney Montgomery Scott LLC purchased a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,840 shares of the specialty chemicals company’s stock, valued at approximately $2,292,000.

Several other institutional investors have also modified their holdings of IFF. Envestnet Portfolio Solutions Inc. lifted its stake in International Flavors & Fragrances by 2.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 17,247 shares of the specialty chemicals company’s stock worth $1,483,000 after acquiring an additional 409 shares during the last quarter. Empowered Funds LLC raised its stake in International Flavors & Fragrances by 29.0% in the first quarter. Empowered Funds LLC now owns 3,453 shares of the specialty chemicals company’s stock valued at $297,000 after buying an additional 776 shares in the last quarter. Sei Investments Co. lifted its holdings in International Flavors & Fragrances by 55.4% during the 1st quarter. Sei Investments Co. now owns 101,015 shares of the specialty chemicals company’s stock worth $8,686,000 after buying an additional 36,026 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of International Flavors & Fragrances by 81.2% during the 1st quarter. Russell Investments Group Ltd. now owns 201,111 shares of the specialty chemicals company’s stock worth $17,290,000 after acquiring an additional 90,110 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of International Flavors & Fragrances by 15.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 415,469 shares of the specialty chemicals company’s stock valued at $35,726,000 after acquiring an additional 56,091 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $89.43 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $101.62 and a 200 day moving average price of $98.36. International Flavors & Fragrances Inc. has a 52 week low of $69.73 and a 52 week high of $106.77. The company has a market cap of $22.87 billion, a P/E ratio of -9.84, a PEG ratio of 1.65 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 earnings per share. Research analysts predict that International Flavors & Fragrances Inc. will post 4.22 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 annualized dividend and a yield of 1.79%. International Flavors & Fragrances’s payout ratio is currently -17.60%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on IFF shares. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a report on Thursday, November 7th. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $111.00 to $110.00 in a research report on Tuesday. Stifel Nicolaus upped their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Barclays boosted their target price on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Finally, Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average price target of $109.27.

Insider Buying and Selling at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the sale, the insider now owns 3,238 shares in the company, valued at $297,086.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

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.