Larson Financial Group LLC Buys 933 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Larson Financial Group LLC lifted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 40.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,232 shares of the specialty chemicals company’s stock after acquiring an additional 933 shares during the quarter. Larson Financial Group LLC’s holdings in International Flavors & Fragrances were worth $339,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cerity Partners LLC grew its position in International Flavors & Fragrances by 75.4% in the 3rd quarter. Cerity Partners LLC now owns 18,820 shares of the specialty chemicals company’s stock worth $1,975,000 after purchasing an additional 8,089 shares in the last quarter. Waddell & Associates LLC boosted its stake in shares of International Flavors & Fragrances by 23.9% in the 3rd quarter. Waddell & Associates LLC now owns 4,526 shares of the specialty chemicals company’s stock worth $475,000 after buying an additional 872 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of International Flavors & Fragrances by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock valued at $157,271,000 after acquiring an additional 16,590 shares in the last quarter. Intech Investment Management LLC increased its position in shares of International Flavors & Fragrances by 113.0% during the third quarter. Intech Investment Management LLC now owns 34,375 shares of the specialty chemicals company’s stock valued at $3,607,000 after acquiring an additional 18,239 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its holdings in International Flavors & Fragrances by 167.1% during the third quarter. Ontario Teachers Pension Plan Board now owns 20,641 shares of the specialty chemicals company’s stock worth $2,166,000 after acquiring an additional 12,913 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IFF. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research report on Thursday, November 7th. Morgan Stanley upgraded 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 note on Tuesday, November 12th. JPMorgan Chase & Co. decreased their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Oppenheimer upped their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Finally, Bank of America upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and a consensus price target of $109.27.

International Flavors & Fragrances Trading Down 0.0 %

Shares of IFF stock opened at $90.88 on Wednesday. The company has a market capitalization of $23.24 billion, a PE ratio of -10.00, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. International Flavors & Fragrances Inc. has a 52-week low of $72.94 and a 52-week high of $106.77. The business’s fifty day moving average is $99.07 and its 200 day moving average is $98.33. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate 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 business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS. On average, equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -17.60%.

Insider Transactions at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the transaction, the insider now directly owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by 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.