International Flavors & Fragrances Inc. (NYSE:IFF) Shares Purchased by Versant Capital Management Inc

Versant Capital Management Inc increased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1,409.5% in the second quarter, Holdings Channel reports. The firm owned 634 shares of the specialty chemicals company’s stock after acquiring an additional 592 shares during the period. Versant Capital Management Inc’s holdings in International Flavors & Fragrances were worth $60,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. DNB Asset Management AS grew its position in International Flavors & Fragrances by 14.8% in the second quarter. DNB Asset Management AS now owns 373,518 shares of the specialty chemicals company’s stock valued at $35,563,000 after acquiring an additional 48,072 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in International Flavors & Fragrances by 18.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 863 shares of the specialty chemicals company’s stock valued at $82,000 after acquiring an additional 132 shares in the last quarter. GAMMA Investing LLC grew its position in International Flavors & Fragrances by 129.3% in the second quarter. GAMMA Investing LLC now owns 6,948 shares of the specialty chemicals company’s stock valued at $662,000 after acquiring an additional 3,918 shares in the last quarter. Centre Asset Management LLC grew its position in International Flavors & Fragrances by 2.3% in the second quarter. Centre Asset Management LLC now owns 133,233 shares of the specialty chemicals company’s stock valued at $12,685,000 after acquiring an additional 2,954 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in International Flavors & Fragrances by 7.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 63,004 shares of the specialty chemicals company’s stock valued at $5,370,000 after acquiring an additional 4,189 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

IFF stock traded up $1.87 during trading on Tuesday, hitting $96.48. The company had a trading volume of 2,019,419 shares, compared to its average volume of 1,840,679. The firm has a market capitalization of $24.64 billion, a price-to-earnings ratio of -9.88, a P/E/G ratio of 1.95 and a beta of 1.26. The business has a 50 day moving average of $96.63 and a 200 day moving average of $88.72. International Flavors & Fragrances Inc. has a fifty-two week low of $62.11 and a fifty-two week high of $101.89. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.15. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 earnings per share. As a group, research analysts predict that International Flavors & Fragrances Inc. will post 3.98 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s payout ratio is currently -16.38%.

Insider Buying and Selling

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $95.66, for a total value of $247,568.08. Following the sale, the insider now directly owns 8,539 shares in the company, valued at $816,840.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

IFF has been the subject of a number of recent analyst reports. Citigroup raised their price target on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Wells Fargo & Company raised their price target on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 8th. Morgan Stanley raised their price target on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 3rd. Oppenheimer initiated coverage on shares of International Flavors & Fragrances in a research report on Friday, June 7th. They set an “outperform” rating and a $116.00 price target for the company. Finally, JPMorgan Chase & Co. upgraded International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $75.00 to $100.00 in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $98.33.

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.