OFI Invest Asset Management Buys New Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

OFI Invest Asset Management acquired a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 196,409 shares of the specialty chemicals company’s stock, valued at approximately $16,037,000. OFI Invest Asset Management owned 0.08% of International Flavors & Fragrances as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. United Community Bank increased its position in International Flavors & Fragrances by 19.4% in the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock valued at $78,000 after acquiring an additional 150 shares during the period. Rialto Wealth Management LLC bought a new position in International Flavors & Fragrances during the fourth quarter worth $42,000. Larson Financial Group LLC boosted its stake in International Flavors & Fragrances by 18.5% during the fourth quarter. Larson Financial Group LLC now owns 3,831 shares of the specialty chemicals company’s stock worth $324,000 after acquiring an additional 599 shares in the last quarter. River Global Investors LLP bought a new position in International Flavors & Fragrances during the fourth quarter worth $1,026,000. Finally, PNC Financial Services Group Inc. boosted its stake in International Flavors & Fragrances by 0.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 38,935 shares of the specialty chemicals company’s stock worth $3,292,000 after acquiring an additional 230 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Insider Activity

In related news, Director Kevin O’byrne bought 6,500 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the purchase, the director now directly owns 6,500 shares of the company’s stock, valued at approximately $522,860. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective on the stock. in a research note on Thursday, February 20th. JPMorgan Chase & Co. lowered their price objective on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Wells Fargo & Company decreased their target price on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Citigroup reduced their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Finally, Stifel Nicolaus lowered their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.50.

International Flavors & Fragrances Stock Up 0.7 %

NYSE IFF opened at $82.60 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The company has a market capitalization of $21.12 billion, a P/E ratio of 87.88, a P/E/G ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a one year low of $78.64 and a one year high of $106.77. The stock has a 50 day moving average price of $83.80 and a 200-day moving average price of $92.31.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. As a group, equities analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.94%. International Flavors & Fragrances’s dividend payout ratio is currently 170.21%.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.