International Flavors & Fragrances Inc. (NYSE:IFF) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC boosted its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 36.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,660 shares of the specialty chemicals company’s stock after acquiring an additional 1,768 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in International Flavors & Fragrances were worth $539,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Alliance Wealth Advisors LLC UT increased its stake in shares of International Flavors & Fragrances by 3.2% during the third quarter. Alliance Wealth Advisors LLC UT now owns 4,840 shares of the specialty chemicals company’s stock worth $330,000 after purchasing an additional 148 shares in the last quarter. Federated Hermes Inc. increased its stake in International Flavors & Fragrances by 9.7% during the 3rd quarter. Federated Hermes Inc. now owns 1,712 shares of the specialty chemicals company’s stock worth $117,000 after buying an additional 152 shares in the last quarter. IFG Advisory LLC raised its holdings in shares of International Flavors & Fragrances by 4.0% during the fourth quarter. IFG Advisory LLC now owns 4,000 shares of the specialty chemicals company’s stock valued at $324,000 after acquiring an additional 155 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of International Flavors & Fragrances by 21.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 901 shares of the specialty chemicals company’s stock valued at $73,000 after acquiring an additional 157 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of International Flavors & Fragrances by 3.8% in the third quarter. Stratos Wealth Partners LTD. now owns 4,388 shares of the specialty chemicals company’s stock worth $299,000 after acquiring an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

IFF has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on International Flavors & Fragrances from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Argus cut International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Friday, March 8th. StockNews.com raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Citigroup upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $81.00 to $100.00 in a research report on Wednesday, April 10th. Finally, Robert W. Baird boosted their target price on shares of International Flavors & Fragrances from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $86.35.

International Flavors & Fragrances Price Performance

IFF stock opened at $86.64 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. International Flavors & Fragrances Inc. has a fifty-two week low of $62.11 and a fifty-two week high of $97.49. The business has a 50 day moving average price of $82.62 and a 200 day moving average price of $78.86. The stock has a market cap of $22.12 billion, a price-to-earnings ratio of -8.63, a PEG ratio of 1.94 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.03). The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.70 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. International Flavors & Fragrances’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 earnings per share. Equities research analysts anticipate that International Flavors & Fragrances Inc. will post 3.68 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, June 21st. International Flavors & Fragrances’s payout ratio is currently -15.94%.

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.