Marco Investment Management LLC Acquires 452 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Marco Investment Management LLC boosted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,572 shares of the specialty chemicals company’s stock after buying an additional 452 shares during the period. Marco Investment Management LLC’s holdings in International Flavors & Fragrances were worth $1,909,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IFF. Blue Bell Private Wealth Management LLC lifted its stake in International Flavors & Fragrances by 3,000.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 300 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in International Flavors & Fragrances during the fourth quarter worth about $41,000. Parkside Financial Bank & Trust lifted its stake in International Flavors & Fragrances by 241.3% during the third quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 526 shares during the last quarter. Janiczek Wealth Management LLC lifted its stake in International Flavors & Fragrances by 466.7% during the fourth quarter. Janiczek Wealth Management LLC now owns 918 shares of the specialty chemicals company’s stock worth $74,000 after purchasing an additional 756 shares during the last quarter. Finally, Roble Belko & Company Inc bought a new stake in International Flavors & Fragrances during the fourth quarter worth about $89,000. Institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Citigroup upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $81.00 to $100.00 in a report on Wednesday, April 10th. Jefferies Financial Group upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $73.00 to $112.00 in a report on Friday, January 12th. Morgan Stanley lifted their price objective on International Flavors & Fragrances from $89.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Finally, Wolfe Research initiated coverage on International Flavors & Fragrances in a report on Friday, March 1st. They issued an “underperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $86.35.

International Flavors & Fragrances Stock Up 0.3 %

IFF stock traded up $0.27 on Friday, reaching $84.61. 900,101 shares of the company traded hands, compared to its average volume of 1,247,330. International Flavors & Fragrances Inc. has a one year low of $62.11 and a one year high of $97.49. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02. The company has a market cap of $21.60 billion, a P/E ratio of -8.43, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23. The firm has a fifty day simple moving average of $82.06 and a 200-day simple moving average of $78.25.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the business earned $0.97 EPS. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. Research analysts anticipate that International Flavors & Fragrances Inc. will post 3.68 earnings per share for the current year.

International Flavors & Fragrances Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Thursday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -15.94%.

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.