Inscription Capital LLC Makes New $719,000 Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

Inscription Capital LLC purchased a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,810 shares of the specialty chemicals company’s stock, valued at approximately $719,000.

A number of other hedge funds have also modified their holdings of IFF. O Shaughnessy Asset Management LLC lifted its position in shares of International Flavors & Fragrances by 209.8% in the second quarter. O Shaughnessy Asset Management LLC now owns 189 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 128 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new position in shares of International Flavors & Fragrances in the first quarter valued at approximately $32,000. Advisors Asset Management Inc. purchased a new position in shares of International Flavors & Fragrances in the second quarter valued at approximately $35,000. Liberty Wealth Management LLC lifted its position in shares of International Flavors & Fragrances by 56,140.0% in the second quarter. Liberty Wealth Management LLC now owns 5,624 shares of the specialty chemicals company’s stock valued at $38,000 after acquiring an additional 5,614 shares in the last quarter. Finally, Rockbridge Investment Management LCC acquired a new stake in shares of International Flavors & Fragrances in the first quarter valued at approximately $39,000. Institutional investors own 90.85% of the company’s stock.

Several research firms recently commented on IFF. Mizuho began coverage on International Flavors & Fragrances in a report on Tuesday. They issued a “neutral” rating and a $154.00 price target for the company. Redburn Partners began coverage on International Flavors & Fragrances in a report on Tuesday, July 20th. They issued a “buy” rating and a $140.11 price target for the company. Finally, Wells Fargo & Company cut their price target on International Flavors & Fragrances from $170.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, September 20th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $148.56.

Shares of NYSE IFF opened at $144.35 on Thursday. International Flavors & Fragrances Inc. has a twelve month low of $99.54 and a twelve month high of $157.08. The company has a current ratio of 1.95, a quick ratio of 1.19 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $145.40 and a 200-day simple moving average of $144.73. The stock has a market capitalization of $35.95 billion, a PE ratio of 118.32, a PEG ratio of 2.37 and a beta of 0.96.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Thursday, August 5th. The specialty chemicals company reported $1.50 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.50. International Flavors & Fragrances had a return on equity of 7.32% and a net margin of 1.71%. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $2.99 billion. On average, equities analysts predict that International Flavors & Fragrances Inc. will post 5.94 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 5th. Investors of record on Friday, September 24th were issued a $0.79 dividend. The ex-dividend date was Thursday, September 23rd. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.77. This represents a $3.16 dividend on an annualized basis and a yield of 2.19%. International Flavors & Fragrances’s dividend payout ratio (DPR) is 55.44%.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products. It operates through the following segments: Taste and Scent. The Taste segment is sold to the food and beverage industries for use in consumer products such as prepared foods, beverages, dairy, food, and sweet products.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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