20,097 Shares in International Flavors & Fragrances Inc. $IFF Bought by VCI Wealth Management LLC

VCI Wealth Management LLC purchased a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 20,097 shares of the specialty chemicals company’s stock, valued at approximately $1,678,000.

Several other institutional investors have also added to or reduced their stakes in the company. GRIMES & Co WEALTH MANAGEMENT LLC bought a new position in International Flavors & Fragrances during the 3rd quarter worth $838,000. Greenleaf Trust lifted its holdings in shares of International Flavors & Fragrances by 1.7% during the third quarter. Greenleaf Trust now owns 14,320 shares of the specialty chemicals company’s stock worth $1,195,000 after buying an additional 236 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of International Flavors & Fragrances in the third quarter valued at about $5,337,000. ProShare Advisors LLC boosted its position in shares of International Flavors & Fragrances by 1.9% in the third quarter. ProShare Advisors LLC now owns 51,135 shares of the specialty chemicals company’s stock valued at $4,269,000 after acquiring an additional 946 shares during the period. Finally, Moss Adams Wealth Advisors LLC acquired a new position in shares of International Flavors & Fragrances in the third quarter valued at about $277,000. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IFF has been the subject of several analyst reports. Wall Street Zen upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, October 25th. Oppenheimer boosted their price objective on shares of International Flavors & Fragrances from $95.00 to $108.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. Zacks Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 20th. Barclays raised their target price on shares of International Flavors & Fragrances from $96.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, October 16th. Finally, UBS Group lifted their price target on shares of International Flavors & Fragrances from $84.00 to $91.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.28.

Insider Activity

In related news, insider De Mendonca Ana Paula Teles sold 5,718 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $83.19, for a total transaction of $475,680.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Marc Birenkrant sold 1,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $85.00, for a total transaction of $85,000.00. Following the completion of the transaction, the chief accounting officer directly owned 3,446 shares in the company, valued at $292,910. This trade represents a 22.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 15,543 shares of company stock worth $1,315,659. 1.07% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Stock Performance

IFF opened at $94.64 on Tuesday. The firm has a market cap of $24.15 billion, a P/E ratio of 86.82, a price-to-earnings-growth ratio of 3.89 and a beta of 0.91. International Flavors & Fragrances Inc. has a 52-week low of $61.29 and a 52-week high of $95.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 2.06. The business’s fifty day moving average is $87.06 and its 200-day moving average is $78.65.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.25). International Flavors & Fragrances had a return on equity of 7.11% and a net margin of 2.78%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the business posted $1.15 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 3.24 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Saturday, December 19th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, December 18th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 146.79%.

International Flavors & Fragrances announced that its board has authorized a stock repurchase program on Tuesday, August 4th that allows the company to repurchase $2.50 billion in shares. This buyback authorization allows the specialty chemicals company to purchase up to 12.1% of its shares through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) develops and manufactures ingredients, flavor systems, fragrances and specialty solutions used in consumer and industrial products. Its offerings support food and beverage manufacturers, fragrance and personal care companies, household-product makers, pharmaceutical businesses and other customers.

The company’s portfolio includes flavors for beverages, dairy products, sweet goods, savory foods and other applications; fragrances for fine fragrance, personal care and home care products; and functional ingredients, enzymes, cultures, natural extracts and other specialty materials.