International Flavors & Fragrances Inc. (NYSE:IFF) Shares Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.2% during the third quarter, Holdings Channel reports. The fund owned 11,616 shares of the specialty chemicals company’s stock after acquiring an additional 137 shares during the quarter. Tectonic Advisors LLC’s holdings in International Flavors & Fragrances were worth $1,219,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Pictet North America Advisors SA boosted its position in International Flavors & Fragrances by 3.1% during the third 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. CWM LLC boosted its position in International Flavors & Fragrances by 1.7% during the third quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock worth $686,000 after acquiring an additional 109 shares during the last quarter. Summit Trail Advisors LLC boosted its position in International Flavors & Fragrances by 5.0% during the second quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company’s stock worth $236,000 after acquiring an additional 117 shares during the last quarter. Orca Investment Management LLC boosted its position in International Flavors & Fragrances by 0.6% during the third quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company’s stock worth $2,231,000 after acquiring an additional 122 shares during the last quarter. Finally, Koss Olinger Consulting LLC boosted its position in International Flavors & Fragrances by 0.9% during the third quarter. Koss Olinger Consulting LLC now owns 14,517 shares of the specialty chemicals company’s stock worth $1,523,000 after acquiring an additional 128 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

IFF has been the topic of a number of research analyst reports. Oppenheimer lifted their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. lifted their price target on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, September 6th. 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 report on Tuesday, September 3rd. Morgan Stanley lifted their price target on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a report on Wednesday, July 3rd. Finally, Citigroup lifted their price target on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.86.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $101.45 on Friday. International Flavors & Fragrances Inc. has a 12-month low of $63.21 and a 12-month high of $106.77. The company 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 debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75. The firm’s fifty day moving average price is $102.89 and its 200 day moving average price is $97.20.

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

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Friday, September 20th. 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.