Parvin Asset Management LLC Purchases Shares of 2,365 International Flavors & Fragrances Inc. (NYSE:IFF)

Parvin Asset Management LLC bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,365 shares of the specialty chemicals company’s stock, valued at approximately $200,000.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of International Flavors & Fragrances during the 3rd quarter worth $406,000. Tidal Investments LLC boosted its holdings in shares of International Flavors & Fragrances by 9.3% in the third quarter. Tidal Investments LLC now owns 8,809 shares of the specialty chemicals company’s stock valued at $924,000 after acquiring an additional 750 shares during the period. Principal Financial Group Inc. raised its position in International Flavors & Fragrances by 2.1% in the 3rd quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company’s stock valued at $49,388,000 after purchasing an additional 9,555 shares during the last quarter. Versant Capital Management Inc raised its position in International Flavors & Fragrances by 46.8% in the 4th quarter. Versant Capital Management Inc now owns 1,041 shares of the specialty chemicals company’s stock valued at $88,000 after purchasing an additional 332 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its position in International Flavors & Fragrances by 8.2% during the 4th quarter. Central Pacific Bank Trust Division now owns 10,600 shares of the specialty chemicals company’s stock worth $896,000 after buying an additional 800 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity at International Flavors & Fragrances

In related news, Director Kevin O’byrne bought 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the purchase, the director now owns 6,500 shares of the company’s stock, valued at approximately $522,860. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is owned by insiders.

International Flavors & Fragrances Stock Up 1.6 %

Shares of International Flavors & Fragrances stock opened at $77.49 on Wednesday. International Flavors & Fragrances Inc. has a one year low of $65.85 and a one year high of $106.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The stock’s 50-day moving average is $76.97 and its 200 day moving average is $85.09. The firm has a market cap of $19.82 billion, a price-to-earnings ratio of 82.44, a PEG ratio of 1.45 and a beta of 1.21.

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

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 21st were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 2.06%. International Flavors & Fragrances’s dividend payout ratio (DPR) is 170.21%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Argus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Oppenheimer decreased their price target on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, April 22nd. Barclays reduced their price target on shares of International Flavors & Fragrances from $82.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Citigroup dropped their price target on shares of International Flavors & Fragrances from $99.00 to $84.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America lowered their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and a consensus target price of $94.54.

International Flavors & Fragrances Profile

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.