Everence Capital Management Inc. Buys 4,980 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Everence Capital Management Inc. raised its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 75.2% during the 4th quarter, Holdings Channel reports. The fund owned 11,602 shares of the specialty chemicals company’s stock after acquiring an additional 4,980 shares during the period. Everence Capital Management Inc.’s holdings in International Flavors & Fragrances were worth $939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in IFF. Blue Bell Private Wealth Management LLC increased its holdings in shares of International Flavors & Fragrances by 3,000.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 300 shares during the period. Clear Street Markets LLC bought a new position in shares of International Flavors & Fragrances during the fourth quarter worth approximately $27,000. Penserra Capital Management LLC bought a new position in shares of International Flavors & Fragrances during the fourth quarter worth approximately $31,000. Covestor Ltd increased its holdings in shares of International Flavors & Fragrances by 48.8% during the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 80 shares during the period. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of International Flavors & Fragrances during the fourth quarter worth approximately $41,000. 96.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Stifel Nicolaus decreased their price objective on shares of International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday, February 21st. Robert W. Baird lifted their price objective on shares of International Flavors & Fragrances from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Citigroup raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $81.00 to $100.00 in a research note on Wednesday, April 10th. Finally, Wolfe Research assumed coverage on shares of International Flavors & Fragrances in a research note on Friday, March 1st. They issued an “underperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Hold” and a consensus price target of $86.35.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $82.85 on Thursday. The firm has a market cap of $21.15 billion, a PE ratio of -8.25, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23. The firm’s fifty day moving average is $81.47 and its 200-day moving average is $77.19. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67. International Flavors & Fragrances Inc. has a 52 week low of $62.11 and a 52 week high of $97.49.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.70 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. International Flavors & Fragrances’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 EPS. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 3.69 earnings per share for the current year.

International Flavors & Fragrances Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.60 annualized dividend and a yield of 1.93%. International Flavors & Fragrances’s payout ratio is -15.94%.

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.