Peoples Bank KS Has $612,000 Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Peoples Bank KS lowered its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,242 shares of the specialty chemicals company’s stock after selling 472 shares during the quarter. Peoples Bank KS’s holdings in International Flavors & Fragrances were worth $612,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of IFF. Northwest Investment Counselors LLC bought a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $27,000. Point72 Hong Kong Ltd acquired a new position in International Flavors & Fragrances during the third quarter worth $42,000. Oakworth Capital Inc. bought a new stake in International Flavors & Fragrances during the third quarter worth $44,000. Eastern Bank acquired a new stake in International Flavors & Fragrances in the third quarter valued at $46,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at about $48,000. Institutional investors own 96.02% of the company’s stock.

Insider Activity

In other news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the sale, the insider now directly owns 3,238 shares in the company, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $82.44 on Wednesday. The company has a market cap of $21.08 billion, a price-to-earnings ratio of -9.07, a PEG ratio of 1.54 and a beta of 1.18. International Flavors & Fragrances Inc. has a fifty-two week low of $72.94 and a fifty-two week high of $106.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The stock has a fifty day moving average price of $88.85 and a 200-day moving average price of $96.22.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. As a group, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is presently -17.60%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group raised their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Thursday, November 7th. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.21.

International Flavors & Fragrances Profile

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.