Financial Advocates Investment Management Has $293,000 Position in International Flavors & Fragrances Inc (NYSE:IFF)

Financial Advocates Investment Management grew its position in International Flavors & Fragrances Inc (NYSE:IFF) by 9,773.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,491 shares of the specialty chemicals company’s stock after buying an additional 8,405 shares during the period. Financial Advocates Investment Management’s holdings in International Flavors & Fragrances were worth $293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JOYN Advisors Inc. grew its stake in shares of International Flavors & Fragrances by 65.5% during the fourth quarter. JOYN Advisors Inc. now owns 187 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 74 shares during the period. Massey Quick Simon & CO. LLC acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $27,000. Fort L.P. grew its stake in shares of International Flavors & Fragrances by 365.3% during the fourth quarter. Fort L.P. now owns 228 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 179 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $37,000. Finally, Kaizen Advisory LLC grew its stake in shares of International Flavors & Fragrances by 50.3% during the fourth quarter. Kaizen Advisory LLC now owns 272 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 91 shares during the period. 83.19% of the stock is owned by institutional investors.

In other news, major shareholder Winder Investment Pte Ltd purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were bought at an average cost of $129.04 per share, for a total transaction of $6,452,000.00. Following the completion of the acquisition, the insider now directly owns 20,210,193 shares in the company, valued at approximately $2,607,923,304.72. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders bought 165,588 shares of company stock worth $21,637,048. Corporate insiders own 0.39% of the company’s stock.

IFF has been the subject of a number of analyst reports. Zacks Investment Research cut International Flavors & Fragrances from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 8th. ValuEngine cut International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Barclays reissued a “sell” rating on shares of International Flavors & Fragrances in a research note on Monday, February 18th. Citigroup decreased their target price on International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, February 21st. Finally, Seaport Global Securities started coverage on International Flavors & Fragrances in a research note on Thursday, February 21st. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $144.33.

NYSE:IFF traded down $0.09 on Wednesday, reaching $136.29. The company’s stock had a trading volume of 545,931 shares, compared to its average volume of 925,639. International Flavors & Fragrances Inc has a 1-year low of $121.85 and a 1-year high of $150.57. The company has a current ratio of 2.61, a quick ratio of 1.65 and a debt-to-equity ratio of 0.75. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 2.38 and a beta of 0.75.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Wednesday, February 13th. The specialty chemicals company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.07). The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. International Flavors & Fragrances had a net margin of 8.48% and a return on equity of 15.56%. The business’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.40 earnings per share. Sell-side analysts forecast that International Flavors & Fragrances Inc will post 6.36 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 25th were issued a $0.73 dividend. The ex-dividend date was Friday, March 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.14%. International Flavors & Fragrances’s dividend payout ratio (DPR) is 46.50%.

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International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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