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

SVB Wealth LLC bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,791 shares of the specialty chemicals company’s stock, valued at approximately $712,000.

A number of other hedge funds also recently modified their holdings of the business. Vontobel Holding Ltd. lifted its holdings in shares of International Flavors & Fragrances by 3.7% in the fourth quarter. Vontobel Holding Ltd. now owns 9,360 shares of the specialty chemicals company’s stock valued at $758,000 after purchasing an additional 338 shares in the last quarter. Crumly & Associates Inc. lifted its holdings in shares of International Flavors & Fragrances by 30.0% in the fourth quarter. Crumly & Associates Inc. now owns 6,814 shares of the specialty chemicals company’s stock valued at $552,000 after purchasing an additional 1,571 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at $1,247,000. WCM Investment Management LLC lifted its holdings in shares of International Flavors & Fragrances by 5.0% in the fourth quarter. WCM Investment Management LLC now owns 31,135 shares of the specialty chemicals company’s stock valued at $2,548,000 after purchasing an additional 1,496 shares in the last quarter. Finally, Graypoint LLC purchased a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $249,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

IFF has been the subject of several recent research reports. StockNews.com upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Barclays upgraded International Flavors & Fragrances from an “underweight” rating to an “equal weight” rating in a report on Thursday. Citigroup upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $81.00 to $100.00 in a report on Wednesday, April 10th. Wolfe Research initiated coverage on International Flavors & Fragrances in a report on Friday, March 1st. They set an “underperform” rating for the company. Finally, UBS Group increased their price objective on International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $86.35.

International Flavors & Fragrances Price Performance

IFF stock opened at $83.97 on Friday. International Flavors & Fragrances Inc. has a twelve month low of $62.11 and a twelve month high of $97.49. The business’s 50-day simple moving average is $81.62 and its 200 day simple moving average is $77.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the business earned $0.97 earnings per share. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 3.69 EPS for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Thursday, March 21st. International Flavors & Fragrances’s dividend payout ratio is -15.94%.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.