Central Pacific Bank Trust Division Raises Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Central Pacific Bank Trust Division boosted its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,600 shares of the specialty chemicals company’s stock after purchasing an additional 800 shares during the quarter. Central Pacific Bank Trust Division’s holdings in International Flavors & Fragrances were worth $896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Pictet North America Advisors SA lifted its holdings in shares of International Flavors & Fragrances by 3.1% during the 3rd quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock worth $344,000 after acquiring an additional 99 shares during the last quarter. Integrated Advisors Network LLC boosted its holdings in shares of International Flavors & Fragrances by 1.9% in the 3rd quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock worth $600,000 after purchasing an additional 107 shares in the last quarter. CWM LLC raised its holdings in shares of International Flavors & Fragrances by 1.7% during the 3rd quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock valued at $686,000 after buying an additional 109 shares in the last quarter. Summit Trail Advisors LLC lifted its position in International Flavors & Fragrances by 5.0% in the 2nd quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company’s stock worth $236,000 after buying an additional 117 shares during the last quarter. Finally, Orca Investment Management LLC boosted its stake in International Flavors & Fragrances by 0.6% in the third quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company’s stock worth $2,231,000 after buying an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the sale, the insider now owns 3,238 shares in the company, valued at $297,086.50. This represents a 60.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

IFF has been the subject of a number of recent research reports. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Friday, November 8th. Oppenheimer upped their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Citigroup decreased their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. Finally, Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and a consensus target price of $110.21.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $82.52 on Friday. The company has a 50-day simple moving average of $89.63 and a two-hundred day simple moving average of $96.41. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The firm has a market capitalization of $21.10 billion, a PE ratio of -9.08, a price-to-earnings-growth ratio of 1.54 and a beta of 1.17. International Flavors & Fragrances Inc. has a one year low of $72.94 and a one year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.46). The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. International Flavors & Fragrances’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 earnings per share. On average, analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.94%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s payout ratio is currently -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.