Summit Trail Advisors LLC Buys 117 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Summit Trail Advisors LLC boosted its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 5.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,471 shares of the specialty chemicals company’s stock after acquiring an additional 117 shares during the period. Summit Trail Advisors LLC’s holdings in International Flavors & Fragrances were worth $236,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Riverview Trust Co bought a new stake in shares of International Flavors & Fragrances during the 1st quarter valued at $27,000. Quent Capital LLC boosted its holdings in shares of International Flavors & Fragrances by 183.2% during the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 240 shares in the last quarter. Family Firm Inc. bought a new stake in shares of International Flavors & Fragrances during the 2nd quarter valued at $38,000. MCF Advisors LLC boosted its holdings in shares of International Flavors & Fragrances by 1,856.0% during the 2nd quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 464 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of International Flavors & Fragrances during the 2nd quarter valued at $48,000. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Up 1.1 %

Shares of NYSE:IFF opened at $104.59 on Wednesday. International Flavors & Fragrances Inc. has a 12-month low of $62.28 and a 12-month high of $105.30. The company has a market cap of $26.71 billion, a PE ratio of -10.71, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22. The stock has a 50 day moving average of $100.08 and a 200 day moving average of $94.19. 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 (NYSE:IFF) last released its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the business earned $0.86 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. As a group, equities research analysts expect that International Flavors & Fragrances Inc. will post 4.23 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s payout ratio is -16.38%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IFF. Citigroup boosted their target price on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a report on Friday, July 12th. JPMorgan Chase & Co. upped their price target on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Oppenheimer upped their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Morgan Stanley upped their price target on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 3rd. Finally, UBS Group dropped their price target on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Hold” and an average target price of $103.87.

International Flavors & Fragrances Company 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.