Premier Path Wealth Partners LLC Buys 1,858 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Premier Path Wealth Partners LLC boosted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,759 shares of the specialty chemicals company’s stock after purchasing an additional 1,858 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in International Flavors & Fragrances were worth $1,332,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of IFF. Pictet North America Advisors SA grew its position in shares of International Flavors & Fragrances by 3.1% in the 3rd quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock worth $344,000 after buying an additional 99 shares during the last quarter. Integrated Advisors Network LLC grew its holdings in International Flavors & Fragrances by 1.9% in the third quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock worth $600,000 after purchasing an additional 107 shares during the last quarter. CWM LLC increased its position in shares of International Flavors & Fragrances by 1.7% during the third quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock worth $686,000 after purchasing an additional 109 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of International Flavors & Fragrances by 5.0% during the 2nd quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company’s stock valued at $236,000 after purchasing an additional 117 shares during the last quarter. Finally, Orca Investment Management LLC grew its stake in International Flavors & Fragrances by 0.6% during the 3rd quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company’s stock worth $2,231,000 after buying an additional 122 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Up 0.5 %

Shares of IFF opened at $84.87 on Friday. The company has a market capitalization of $21.70 billion, a price-to-earnings ratio of -9.34, a PEG ratio of 1.35 and a beta of 1.18. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. The stock’s 50-day moving average price is $86.80 and its 200-day moving average price is $95.52. 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 (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. International Flavors & Fragrances’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 EPS. On average, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.89%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -17.60%.

Wall Street Analysts Forecast Growth

IFF has been the subject of a number of research analyst reports. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. Citigroup lowered their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Barclays cut their price target on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday. UBS Group lifted their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.23.

Insider Transactions at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction that occurred on 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 owns 3,238 shares in the company, valued at $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 available at the SEC website. Corporate insiders own 0.09% of the company’s stock.

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.