Haverford Trust Co Purchases 381 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Financial News Live · Jul 30, 2022 02:22

Haverford Trust Co lifted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,344 shares of the specialty chemicals company's stock after purchasing an additional 381 shares during the period. Haverford Trust Co's holdings in International Flavors & Fragrances were worth $2,278,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Kestra Advisory Services LLC raised its position in International Flavors & Fragrances by 15.7% during the 4th quarter. Kestra Advisory Services LLC now owns 2,483 shares of the specialty chemicals company's stock worth $374,000 after purchasing an additional 337 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of International Flavors & Fragrances by 4.8% in the 4th quarter. Brown Advisory Inc. now owns 50,492 shares of the specialty chemicals company's stock worth $7,607,000 after buying an additional 2,321 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of International Flavors & Fragrances by 2.4% in the 4th quarter. State of Michigan Retirement System now owns 64,045 shares of the specialty chemicals company's stock worth $9,648,000 after buying an additional 1,500 shares during the last quarter. Bessemer Group Inc. lifted its stake in International Flavors & Fragrances by 65.4% in the fourth quarter. Bessemer Group Inc. now owns 2,469 shares of the specialty chemicals company's stock valued at $372,000 after purchasing an additional 976 shares during the last quarter. Finally, National Asset Management Inc. bought a new stake in International Flavors & Fragrances during the 4th quarter valued at $221,000. Institutional investors own 90.67% of the company's stock.

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Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider De Villeplee Christoph Fauchon sold 629 shares of the company's stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $132.59, for a total value of $83,399.11. Following the transaction, the insider now directly owns 8,180 shares in the company, valued at approximately $1,084,586.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.20% of the company's stock.

International Flavors & Fragrances Stock Up 2.5 %

IFF stock opened at $124.31 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 1.86. The firm has a market cap of $31.68 billion, a PE ratio of 57.02, a P/E/G ratio of 2.15 and a beta of 1.02. International Flavors & Fragrances Inc. has a one year low of $105.38 and a one year high of $157.08. The firm's fifty day moving average is $121.84 and its 200 day moving average is $126.81.

International Flavors & Fragrances (NYSE:IFF – Get Rating) last issued its earnings results on Monday, May 9th. The specialty chemicals company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.38. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.09 billion. International Flavors & Fragrances had a net margin of 4.48% and a return on equity of 6.89%. International Flavors & Fragrances's quarterly revenue was up 30.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.60 earnings per share. On average, research analysts forecast that International Flavors & Fragrances Inc. will post 5.76 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Shareholders of record on Friday, June 24th were paid a $0.79 dividend. The ex-dividend date was Thursday, June 23rd. This represents a $3.16 annualized dividend and a yield of 2.54%. International Flavors & Fragrances's dividend payout ratio is currently 144.95%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IFF. Bank of America decreased their price target on shares of International Flavors & Fragrances from $169.00 to $161.00 and set a "buy" rating on the stock in a report on Wednesday, July 13th. Jefferies Financial Group lowered shares of International Flavors & Fragrances from a "buy" rating to a "hold" rating and dropped their target price for the stock from $170.00 to $101.00 in a report on Thursday, June 16th. StockNews.com raised shares of International Flavors & Fragrances from a "sell" rating to a "hold" rating in a research note on Wednesday, May 18th. Mizuho decreased their price target on shares of International Flavors & Fragrances from $147.00 to $145.00 in a research note on Wednesday, May 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of International Flavors & Fragrances from $165.00 to $145.00 in a research note on Thursday, May 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $148.92.

International Flavors & Fragrances Profile

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International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.