Fairway Wealth LLC Takes Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Fairway Wealth LLC purchased a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 400 shares of the specialty chemicals company’s stock, valued at approximately $34,000.

Other large investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of International Flavors & Fragrances by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock valued at $64,533,000 after acquiring an additional 7,553 shares during the period. Compagnie Lombard Odier SCmA increased its stake in International Flavors & Fragrances by 11.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock valued at $9,654,000 after buying an additional 11,406 shares during the period. Choreo LLC lifted its position in International Flavors & Fragrances by 55.7% in the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock worth $2,055,000 after buying an additional 8,728 shares in the last quarter. Covea Finance lifted its position in International Flavors & Fragrances by 79.0% in the 4th quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock worth $10,407,000 after buying an additional 54,340 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in International Flavors & Fragrances in the 4th quarter worth approximately $7,508,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $80.41 on Tuesday. International Flavors & Fragrances Inc. has a 1 year low of $78.64 and a 1 year high of $106.77. The firm’s fifty day simple moving average is $83.73 and its 200 day simple moving average is $92.12. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $20.56 billion, a PE ratio of 85.54, a PEG ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. On average, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be given a $0.40 dividend. The ex-dividend date is Friday, March 21st. This represents a $1.60 annualized dividend and a yield of 1.99%. International Flavors & Fragrances’s dividend payout ratio is 170.21%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Cfra downgraded shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price for the company. in a research report on Thursday, February 20th. JPMorgan Chase & Co. cut their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus cut their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Citigroup cut 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 report on Wednesday, December 18th. Finally, Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $103.50.

Insiders Place Their Bets

In related news, Director Kevin O’byrne purchased 6,500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the transaction, the director now directly owns 6,500 shares of the company’s stock, valued at approximately $522,860. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.