Everence Capital Management Inc. Has $939,000 Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Everence Capital Management Inc. boosted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 75.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,602 shares of the specialty chemicals company’s stock after purchasing an additional 4,980 shares during the period. Everence Capital Management Inc.’s holdings in International Flavors & Fragrances were worth $939,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of IFF. Blue Bell Private Wealth Management LLC boosted its position in 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 valued at $25,000 after purchasing an additional 300 shares during the last quarter. Clear Street Markets LLC acquired a new stake in International Flavors & Fragrances during the fourth quarter valued at $27,000. Penserra Capital Management LLC acquired a new stake in International Flavors & Fragrances during the fourth quarter valued at $31,000. Covestor Ltd lifted its position in shares of International Flavors & Fragrances by 48.8% in the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 80 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter worth about $41,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Down 0.1 %

Shares of IFF opened at $82.85 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. The stock’s 50-day moving average price is $81.47 and its 200 day moving average price is $77.19. The firm has a market capitalization of $21.15 billion, a price-to-earnings ratio of -8.25, a P/E/G ratio of 1.85 and a beta of 1.23. International Flavors & Fragrances Inc. has a 12-month low of $62.11 and a 12-month high of $97.49.

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

International Flavors & Fragrances Cuts Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on IFF shares. Robert W. Baird boosted their price target on International Flavors & Fragrances from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Barclays lifted their price objective on International Flavors & Fragrances from $69.00 to $75.00 and gave the stock an “underweight” rating in a research note on Friday, April 12th. Argus lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. Wells Fargo & Company lifted their price objective on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Finally, Stifel Nicolaus dropped their price objective on 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. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, International Flavors & Fragrances has an average rating of “Hold” and an average target price of $86.35.

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.