Apollon Wealth Management LLC Raises Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Apollon Wealth Management LLC lifted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 31.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,397 shares of the specialty chemicals company’s stock after buying an additional 1,281 shares during the period. Apollon Wealth Management LLC’s holdings in International Flavors & Fragrances were worth $566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its position in International Flavors & Fragrances by 40.9% in the third quarter. Venturi Wealth Management LLC now owns 989 shares of the specialty chemicals company’s stock worth $104,000 after acquiring an additional 287 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of International Flavors & Fragrances during the 3rd quarter worth $48,000. Axxcess Wealth Management LLC acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth about $215,000. Assetmark Inc. raised its holdings in International Flavors & Fragrances by 6.4% in the 3rd quarter. Assetmark Inc. now owns 11,839 shares of the specialty chemicals company’s stock valued at $1,242,000 after buying an additional 710 shares during the period. Finally, Principal Financial Group Inc. lifted its position in International Flavors & Fragrances by 2.1% in the third quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company’s stock valued at $49,388,000 after buying an additional 9,555 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

IFF has been the subject of a number of recent analyst reports. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Stifel Nicolaus boosted their target price on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays raised their price target on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Oppenheimer boosted their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Finally, Wells Fargo & Company lifted their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.27.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the transaction, the insider now owns 3,238 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $86.14 on Friday. The stock has a market cap of $22.02 billion, a P/E ratio of -9.48, a price-to-earnings-growth ratio of 1.58 and a beta of 1.22. The company has a fifty day simple moving average of $100.76 and a 200-day simple moving average of $98.33. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a 12-month low of $72.89 and a 12-month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company posted $0.89 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. Equities analysts expect that International Flavors & Fragrances Inc. will post 4.17 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s payout ratio is -17.60%.

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.