Axxcess Wealth Management LLC Invests $215,000 in International Flavors & Fragrances Inc. (NYSE:IFF)

Axxcess Wealth Management LLC acquired a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,050 shares of the specialty chemicals company’s stock, valued at approximately $215,000.

A number of other large investors have also modified their holdings of the stock. Sei Investments Co. increased its holdings in International Flavors & Fragrances by 55.4% in the first quarter. Sei Investments Co. now owns 101,015 shares of the specialty chemicals company’s stock valued at $8,686,000 after buying an additional 36,026 shares during the last quarter. Kimelman & Baird LLC purchased a new position in International Flavors & Fragrances in the second quarter valued at $868,000. GM Advisory Group LLC purchased a new position in International Flavors & Fragrances in the second quarter valued at $686,000. CANADA LIFE ASSURANCE Co increased its holdings in International Flavors & Fragrances by 9.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 255,849 shares of the specialty chemicals company’s stock valued at $22,002,000 after buying an additional 22,398 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in International Flavors & Fragrances by 69.5% in the first quarter. Cetera Investment Advisers now owns 56,751 shares of the specialty chemicals company’s stock valued at $4,880,000 after buying an additional 23,278 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Activity at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the sale, the insider now owns 3,238 shares in the company, valued at $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is owned by insiders.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $89.37 on Friday. International Flavors & Fragrances Inc. has a fifty-two week low of $72.89 and a fifty-two week high of $106.77. The company has a market capitalization of $22.85 billion, a price-to-earnings ratio of -9.83, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22. The firm has a 50-day simple moving average of $101.09 and a 200-day simple moving average of $98.23. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. International Flavors & Fragrances’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS. On average, equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.19 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.79%. International Flavors & Fragrances’s payout ratio is currently -17.60%.

Analyst Ratings Changes

IFF has been the topic of several recent analyst reports. Barclays increased their target price on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Wells Fargo & Company increased their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Vertical Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a report on Thursday, November 7th. Oppenheimer raised their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $111.00 to $110.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.27.

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.