Creative Financial Designs Inc. ADV acquired a new stake in shares of International Flavors & Fragrances Inc (NYSE:IFF) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,838 shares of the specialty chemicals company’s stock, valued at approximately $494,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JOYN Advisors Inc. raised its stake in shares of International Flavors & Fragrances by 65.5% during the fourth quarter. JOYN Advisors Inc. now owns 187 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 74 shares during the period. Massey Quick Simon & CO. LLC purchased a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $27,000. Fort L.P. raised its stake in shares of International Flavors & Fragrances by 365.3% during the fourth quarter. Fort L.P. now owns 228 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 179 shares during the period. Kaizen Advisory LLC raised its stake in shares of International Flavors & Fragrances by 50.3% during the fourth quarter. Kaizen Advisory LLC now owns 272 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 91 shares during the period. Finally, Penserra Capital Management LLC purchased a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $37,000. Institutional investors own 83.19% of the company’s stock.

Shares of NYSE:IFF traded up $1.13 during midday trading on Tuesday, reaching $136.38. The company had a trading volume of 694,985 shares, compared to its average volume of 930,083. The company has a current ratio of 2.61, a quick ratio of 1.65 and a debt-to-equity ratio of 0.75. The firm has a market cap of $14.50 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.38 and a beta of 0.75. International Flavors & Fragrances Inc has a one year low of $121.85 and a one year high of $150.57.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Wednesday, February 13th. The specialty chemicals company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.07). The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. International Flavors & Fragrances had a return on equity of 15.56% and a net margin of 8.48%. The firm’s quarterly revenue was up 42.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 EPS. As a group, equities research analysts forecast that International Flavors & Fragrances Inc will post 6.36 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Monday, March 25th were paid a dividend of $0.73 per share. The ex-dividend date was Friday, March 22nd. This represents a $2.92 annualized dividend and a yield of 2.14%. International Flavors & Fragrances’s payout ratio is 46.50%.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd bought 29,642 shares of the stock in a transaction on Thursday, February 21st. The stock was purchased at an average price of $128.74 per share, for a total transaction of $3,816,111.08. Following the completion of the purchase, the insider now directly owns 20,300,000 shares in the company, valued at $2,613,422,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have acquired 165,588 shares of company stock valued at $21,637,048. 0.39% of the stock is owned by insiders.

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Barclays restated a “sell” rating on shares of International Flavors & Fragrances in a research note on Monday, February 18th. Citigroup dropped their price target on shares of International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, February 21st. Finally, KeyCorp dropped their price target on shares of International Flavors & Fragrances from $160.00 to $143.00 and set an “overweight” rating for the company in a research note on Monday, February 25th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $144.33.

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International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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