Mount Yale Investment Advisors LLC Cuts Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Mount Yale Investment Advisors LLC lessened its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 25.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,477 shares of the specialty chemicals company’s stock after selling 2,509 shares during the period. Mount Yale Investment Advisors LLC’s holdings in International Flavors & Fragrances were worth $712,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Riverview Trust Co purchased a new position in International Flavors & Fragrances in the first quarter valued at $27,000. Quent Capital LLC increased its stake in shares of International Flavors & Fragrances by 183.2% during the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 240 shares during the period. Family Firm Inc. acquired 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 first quarter worth approximately $44,000. Finally, Larson Financial Group LLC grew its holdings in International Flavors & Fragrances by 5,050.0% during the 1st quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 505 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IFF. Stifel Nicolaus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $95.00 to $115.00 in a research report on Monday, July 22nd. UBS Group dropped their price objective on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Wells Fargo & Company boosted their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Citigroup increased their price target on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Oppenheimer boosted their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $103.87.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $103.47 on Tuesday. The business’s 50-day moving average price is $99.95 and its 200 day moving average price is $94.01. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The firm has a market cap of $26.42 billion, a P/E ratio of -10.59, a P/E/G ratio of 1.85 and a beta of 1.22. International Flavors & Fragrances Inc. has a 52-week low of $62.28 and a 52-week high of $105.30.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.01 by $0.15. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 earnings per share. On average, equities research analysts expect that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th. This represents a $1.60 annualized dividend and a yield of 1.55%. International Flavors & Fragrances’s dividend payout ratio is currently -16.38%.

International Flavors & Fragrances Profile

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.