Ashton Thomas Securities LLC Makes New Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

Ashton Thomas Securities LLC purchased a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 461 shares of the specialty chemicals company’s stock, valued at approximately $48,000.

Several other hedge funds and other institutional investors have also modified their holdings of IFF. Northwest Investment Counselors LLC purchased a new position in International Flavors & Fragrances during the third quarter valued at approximately $27,000. Family Firm Inc. purchased a new position in shares of International Flavors & Fragrances during the 2nd quarter valued at $38,000. Oakworth Capital Inc. acquired a new position in shares of International Flavors & Fragrances in the third quarter worth $44,000. Eastern Bank purchased a new stake in shares of International Flavors & Fragrances during the third quarter worth $46,000. Finally, MCF Advisors LLC boosted its position in International Flavors & Fragrances by 1,856.0% during the second 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 during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Up 0.5 %

International Flavors & Fragrances stock opened at $89.86 on Thursday. The business has a 50 day moving average price of $101.36 and a two-hundred day moving average price of $98.30. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a 12 month low of $72.50 and a 12 month high of $106.77. The stock has a market cap of $22.98 billion, a price-to-earnings ratio of -9.89, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the business earned $0.89 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.19 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -17.60%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IFF. UBS Group raised their price target on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Barclays lifted their target price on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Friday, November 8th. Stifel Nicolaus upped their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $111.00 to $110.00 in a research report on Tuesday. One 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $109.27.

Insiders Place Their Bets

In other news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were 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 approximately $297,086.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

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.