Albion Financial Group UT Buys 389 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Albion Financial Group UT increased its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,400 shares of the specialty chemicals company’s stock after acquiring an additional 389 shares during the period. Albion Financial Group UT’s holdings in International Flavors & Fragrances were worth $2,486,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in shares of International Flavors & Fragrances during the 3rd quarter valued at about $27,000. Point72 Hong Kong Ltd bought a new position in International Flavors & Fragrances during the third quarter valued at approximately $42,000. Oakworth Capital Inc. purchased a new position in shares of International Flavors & Fragrances during the third quarter worth approximately $44,000. Eastern Bank bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $46,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at $48,000. Institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. UBS Group boosted their price target 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. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Barclays lowered their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a report on Thursday, November 7th. Finally, Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $111.00 to $110.00 in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $109.23.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now directly owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. This represents a 60.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.

International Flavors & Fragrances Trading Up 0.8 %

IFF opened at $85.55 on Wednesday. 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 52 week low of $72.94 and a 52 week high of $106.77. The stock has a market cap of $21.87 billion, a PE ratio of -9.41, a PEG ratio of 1.45 and a beta of 1.18. The business has a 50 day moving average of $86.60 and a 200-day moving average of $95.39.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results 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). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the firm posted $0.89 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts predict that International Flavors & Fragrances Inc. will post 4.15 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a $0.40 dividend. The ex-dividend date was Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.87%. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

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.