Townsquare Capital LLC Has $311,000 Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Townsquare Capital LLC boosted its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 54.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,678 shares of the specialty chemicals company’s stock after buying an additional 1,298 shares during the period. Townsquare Capital LLC’s holdings in International Flavors & Fragrances were worth $311,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in International Flavors & Fragrances in the 4th quarter valued at $32,000. Fairway Wealth LLC acquired a new stake in International Flavors & Fragrances in the 4th quarter worth about $34,000. Rialto Wealth Management LLC acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth approximately $42,000. Principal Securities Inc. raised its position in shares of International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 171 shares in the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new stake in International Flavors & Fragrances during the fourth quarter worth approximately $78,000. 96.02% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Kevin O’byrne bought 6,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the purchase, the director now directly owns 6,500 shares of the company’s stock, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.20% of the stock is owned by insiders.

International Flavors & Fragrances Stock Up 0.4 %

NYSE:IFF opened at $72.78 on Tuesday. 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 company has a market cap of $18.61 billion, a PE ratio of 77.43, a P/E/G ratio of 1.45 and a beta of 1.21. The firm’s 50 day simple moving average is $77.94 and its 200 day simple moving average is $86.06.

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

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders 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 dividend yield of 2.20%. International Flavors & Fragrances’s dividend payout ratio (DPR) is 170.21%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on IFF shares. Bank of America cut their target price on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Barclays decreased their target price on shares of International Flavors & Fragrances from $82.00 to $76.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Mizuho reduced their price target on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Morgan Stanley lowered their price objective on shares of International Flavors & Fragrances from $106.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Finally, Wells Fargo & Company reduced their target price on International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.69.

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.