International Flavors & Fragrances Inc. (NYSE:IFF) Shares Bought by Lindbrook Capital LLC

Lindbrook Capital LLC raised its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 212.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,919 shares of the specialty chemicals company’s stock after buying an additional 1,305 shares during the period. Lindbrook Capital LLC’s holdings in International Flavors & Fragrances were worth $155,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC boosted its holdings in International Flavors & Fragrances by 3,000.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 300 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth approximately $41,000. Parkside Financial Bank & Trust boosted its holdings in shares of International Flavors & Fragrances by 241.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 526 shares during the last quarter. Janiczek Wealth Management LLC boosted its holdings in shares of International Flavors & Fragrances by 466.7% during the 4th quarter. Janiczek Wealth Management LLC now owns 918 shares of the specialty chemicals company’s stock worth $74,000 after purchasing an additional 756 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $103,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $85.44 on Wednesday. International Flavors & Fragrances Inc. has a twelve month low of $62.11 and a twelve month high of $97.49. The stock’s fifty day simple moving average is $81.81 and its 200-day simple moving average is $77.83. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data 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 company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the company posted $0.97 EPS. The firm’s revenue was down 5.0% compared to the same quarter last year. On average, analysts expect that International Flavors & Fragrances Inc. will post 3.69 EPS for the current year.

International Flavors & Fragrances Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Thursday, March 21st. International Flavors & Fragrances’s dividend payout ratio is currently -15.94%.

Analysts Set New Price Targets

IFF has been the topic of several recent research reports. Jefferies Financial Group upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and boosted their target price for the stock from $73.00 to $112.00 in a report on Friday, January 12th. Barclays upgraded International Flavors & Fragrances from an “underweight” rating to an “equal weight” rating in a report on Thursday, April 18th. Stifel Nicolaus decreased their price objective on International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, February 21st. StockNews.com upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Finally, UBS Group upped their price objective on International Flavors & Fragrances from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Hold” and a consensus price target of $86.35.

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.