Waddell & Associates LLC Acquires 872 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Waddell & Associates LLC lifted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 23.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,526 shares of the specialty chemicals company’s stock after acquiring an additional 872 shares during the period. Waddell & Associates LLC’s holdings in International Flavors & Fragrances were worth $475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in shares of International Flavors & Fragrances during the third quarter valued at about $27,000. Family Firm Inc. bought a new position in shares of International Flavors & Fragrances in the second quarter valued at approximately $38,000. Oakworth Capital Inc. purchased a new stake in International Flavors & Fragrances in the 3rd quarter valued at $44,000. Eastern Bank bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth $46,000. Finally, MCF Advisors LLC lifted its position in shares of International Flavors & Fragrances by 1,856.0% during the 2nd quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock worth $47,000 after buying an additional 464 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Stock Up 1.1 %

Shares of NYSE IFF opened at $90.81 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The stock’s 50-day simple moving average is $99.33 and its two-hundred day simple moving average is $98.34. International Flavors & Fragrances Inc. has a twelve month low of $72.94 and a twelve month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly 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 positive return on equity of 7.16% and a negative net margin of 20.33%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the firm earned $0.89 EPS. International Flavors & Fragrances’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts predict that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -17.60%.

Insider Transactions at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the transaction, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on IFF shares. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Friday, November 8th. JPMorgan Chase & Co. dropped their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Thursday, November 7th. Wells Fargo & Company increased their target price on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, UBS Group boosted their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $109.27.

International Flavors & Fragrances Company 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.