International Flavors & Fragrances Inc. (NYSE:IFF) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,774 shares of the specialty chemicals company’s stock after purchasing an additional 2,565 shares during the quarter. Daiwa Securities Group Inc.’s holdings in International Flavors & Fragrances were worth $2,644,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IFF. Norges Bank acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter worth approximately $79,812,000. Nomura Holdings Inc. lifted its position in International Flavors & Fragrances by 139.3% in the fourth quarter. Nomura Holdings Inc. now owns 1,372,685 shares of the specialty chemicals company’s stock worth $111,146,000 after purchasing an additional 798,946 shares during the period. Ilex Capital Partners UK LLP boosted its stake in International Flavors & Fragrances by 344.5% during the 1st quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock valued at $72,877,000 after purchasing an additional 656,820 shares in the last quarter. Clearfield Capital Management LP acquired a new position in shares of International Flavors & Fragrances during the 4th quarter valued at $28,771,000. Finally, Van ECK Associates Corp raised its stake in shares of International Flavors & Fragrances by 7.8% in the 1st quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock worth $410,919,000 after buying an additional 344,377 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

NYSE IFF opened at $103.59 on Friday. 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 has a market capitalization of $26.45 billion, a price-to-earnings ratio of -10.60, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22. The company has a 50 day simple moving average of $99.19 and a 200-day simple moving average of $92.61. International Flavors & Fragrances Inc. has a 52-week low of $62.28 and a 52-week high of $105.30.

International Flavors & Fragrances (NYSE:IFF) last released its 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 negative net margin of 20.82% and a positive return on equity of 6.63%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. Equities research analysts predict that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th will be paid a $0.40 dividend. The ex-dividend date is Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.54%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -16.38%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wells Fargo & Company raised their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. lifted their price objective on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their target price for the company from $109.00 to $120.00 in a research note 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 stock an “equal weight” rating in a research report on Wednesday, July 3rd. Finally, UBS Group cut their price objective on 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Hold” and a consensus price target of $103.87.

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.