Pathway Financial Advisers LLC Purchases 9,835 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Pathway Financial Advisers LLC raised its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 57.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,016 shares of the specialty chemicals company’s stock after purchasing an additional 9,835 shares during the period. Pathway Financial Advisers LLC’s holdings in International Flavors & Fragrances were worth $2,835,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new position in International Flavors & Fragrances during the third quarter worth about $27,000. Quent Capital LLC increased its position in shares of International Flavors & Fragrances by 183.2% in the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 240 shares during the last quarter. Family Firm Inc. purchased a new stake in International Flavors & Fragrances in the second quarter valued at approximately $38,000. Fidelis Capital Partners LLC purchased a new position in International Flavors & Fragrances in the 1st quarter worth approximately $44,000. Finally, Larson Financial Group LLC increased its holdings in shares of International Flavors & Fragrances by 5,050.0% in the 1st quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 505 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IFF has been the subject of several research analyst reports. Stifel Nicolaus lifted their price target on International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays increased their price target on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. upped their price objective on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Finally, Oppenheimer raised their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.86.

International Flavors & Fragrances Trading Down 1.0 %

NYSE IFF traded down $1.00 during trading on Friday, hitting $101.45. The company had a trading volume of 961,523 shares, compared to its average volume of 1,105,681. The company’s fifty day moving average is $102.89 and its 200-day moving average is $97.20. The company has a market cap of $25.94 billion, a price-to-earnings ratio of -11.00, a price-to-earnings-growth ratio of 1.86 and a beta of 1.22. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60. International Flavors & Fragrances Inc. has a one year low of $63.21 and a one year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the previous year, the firm posted $0.86 EPS. The business’s revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.58%. International Flavors & Fragrances’s dividend payout ratio is currently -17.35%.

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.