International Flavors & Fragrances Inc. (NYSE:IFF) Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. grew its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 17.7% during the second quarter, Holdings Channel reports. The firm owned 4,399 shares of the specialty chemicals company’s stock after acquiring an additional 660 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in International Flavors & Fragrances were worth $419,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bayesian Capital Management LP acquired a new stake in International Flavors & Fragrances during the 4th quarter valued at approximately $9,316,000. Clearfield Capital Management LP acquired a new position in International Flavors & Fragrances during the fourth quarter valued at $28,771,000. Price T Rowe Associates Inc. MD boosted its holdings in International Flavors & Fragrances by 19.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,733,402 shares of the specialty chemicals company’s stock valued at $140,355,000 after purchasing an additional 280,069 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in International Flavors & Fragrances by 3.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 68,751 shares of the specialty chemicals company’s stock valued at $5,567,000 after purchasing an additional 2,514 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of International Flavors & Fragrances by 77.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 31,629 shares of the specialty chemicals company’s stock valued at $2,561,000 after buying an additional 13,786 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on IFF shares. JPMorgan Chase & Co. upped their target price on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Citigroup upped their price objective on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Morgan Stanley raised their price objective on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 3rd. Stifel Nicolaus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and boosted their target price for the company from $95.00 to $115.00 in a research note on Monday, July 22nd. Finally, Oppenheimer raised 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $103.87.

International Flavors & Fragrances Trading Down 0.6 %

IFF stock opened at $102.23 on Friday. The business’s 50-day moving average is $99.73 and its 200 day moving average is $93.42. International Flavors & Fragrances Inc. has a 12-month low of $62.28 and a 12-month high of $105.30. The stock has a market cap of $26.10 billion, a price-to-earnings ratio of -10.46, a PEG ratio of 1.85 and a beta of 1.22. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60.

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

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -16.38%.

International Flavors & Fragrances 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.