IFM Investors Pty Ltd Boosts Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

IFM Investors Pty Ltd increased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 4.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,931 shares of the specialty chemicals company’s stock after buying an additional 2,458 shares during the period. IFM Investors Pty Ltd’s holdings in International Flavors & Fragrances were worth $5,764,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IFF. Park Avenue Securities LLC increased its holdings in International Flavors & Fragrances by 6.7% during the first quarter. Park Avenue Securities LLC now owns 6,782 shares of the specialty chemicals company’s stock worth $583,000 after buying an additional 428 shares during the last quarter. BKM Wealth Management LLC increased its holdings in International Flavors & Fragrances by 50.3% during the first quarter. BKM Wealth Management LLC now owns 4,003 shares of the specialty chemicals company’s stock worth $344,000 after buying an additional 1,340 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in International Flavors & Fragrances by 8.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 650,879 shares of the specialty chemicals company’s stock worth $55,969,000 after buying an additional 49,614 shares during the last quarter. Albion Financial Group UT boosted its position in International Flavors & Fragrances by 14.5% during the first quarter. Albion Financial Group UT now owns 30,615 shares of the specialty chemicals company’s stock worth $2,633,000 after purchasing an additional 3,872 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in International Flavors & Fragrances by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 27,696 shares of the specialty chemicals company’s stock worth $2,381,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on IFF. Barclays increased their target price on shares of 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. JPMorgan Chase & Co. increased their target price on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Stifel Nicolaus increased their target price on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Company increased their target price on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, UBS Group cut their price objective on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.86.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $101.45 on Friday. International Flavors & Fragrances Inc. has a 52-week low of $63.21 and a 52-week high of $106.77. The stock has a market capitalization of $25.94 billion, a price-to-earnings ratio of -11.00, a price-to-earnings-growth ratio of 1.86 and a beta of 1.22. The company has a fifty day moving average of $102.89 and a 200-day moving average of $97.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 EPS. Equities research analysts expect that International Flavors & Fragrances Inc. will post 4.23 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th were given a dividend of $0.40 per share. The ex-dividend date was Friday, September 20th. This represents a $1.60 annualized dividend and a yield of 1.58%. International Flavors & Fragrances’s payout ratio is currently -17.35%.

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.