International Flavors & Fragrances Inc (IFF) Shares Bought by Heritage Way Advisors LLC

Heritage Way Advisors LLC raised its stake in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 103.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 26,490 shares of the specialty chemicals company’s stock after buying an additional 13,495 shares during the quarter. Heritage Way Advisors LLC’s holdings in International Flavors & Fragrances were worth $4,043,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. YorkBridge Wealth Partners LLC increased its position in International Flavors & Fragrances by 5.7% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 764 shares of the specialty chemicals company’s stock valued at $103,000 after purchasing an additional 41 shares during the period. Bank of Nova Scotia Trust Co. purchased a new position in International Flavors & Fragrances during the 3rd quarter valued at $118,000. D.A. Davidson & CO. increased its position in International Flavors & Fragrances by 0.5% during the 2nd quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock valued at $144,000 after purchasing an additional 5 shares during the period. HL Financial Services LLC purchased a new position in International Flavors & Fragrances during the 3rd quarter valued at $207,000. Finally, Highlander Capital Management LLC increased its position in International Flavors & Fragrances by 50.0% during the 2nd quarter. Highlander Capital Management LLC now owns 1,500 shares of the specialty chemicals company’s stock valued at $202,000 after purchasing an additional 500 shares during the period. 82.75% of the stock is currently owned by institutional investors and hedge funds.

IFF has been the topic of a number of research analyst reports. KeyCorp reissued a “buy” rating and set a $148.00 price objective on shares of International Flavors & Fragrances in a research report on Wednesday, October 4th. UBS Group reissued a “buy” rating and set a $166.00 price objective (up from $151.00) on shares of International Flavors & Fragrances in a research report on Tuesday, November 7th. Zacks Investment Research downgraded shares of International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Berenberg Bank reaffirmed a “buy” rating and issued a $160.00 target price on shares of International Flavors & Fragrances in a research report on Friday, November 10th. Finally, Evercore ISI raised shares of International Flavors & Fragrances from an “in-line” rating to an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $147.50.

In other news, EVP Anne Chwat sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $149.61, for a total value of $448,830.00. Following the sale, the executive vice president now directly owns 39,157 shares of the company’s stock, valued at approximately $5,858,278.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.48% of the stock is owned by corporate insiders.

International Flavors & Fragrances Inc (NYSE IFF) traded up $4.01 during trading hours on Thursday, hitting $156.55. 789,000 shares of the stock were exchanged, compared to its average volume of 329,364. The stock has a market cap of $12,047.17, a P/E ratio of 29.99, a PEG ratio of 2.79 and a beta of 1.19. The company has a quick ratio of 1.77, a current ratio of 2.66 and a debt-to-equity ratio of 0.92. International Flavors & Fragrances Inc has a 12-month low of $114.81 and a 12-month high of $157.40.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Monday, November 6th. The specialty chemicals company reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.05. The firm had revenue of $872.90 million for the quarter, compared to the consensus estimate of $847.63 million. International Flavors & Fragrances had a net margin of 12.57% and a return on equity of 27.13%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 EPS. analysts expect that International Flavors & Fragrances Inc will post 5.78 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Friday, December 29th were given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Thursday, December 28th. International Flavors & Fragrances’s dividend payout ratio is presently 52.87%.

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International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold 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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