503 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Acquired by Headlands Technologies LLC

Headlands Technologies LLC purchased a new position in International Flavors & Fragrances Inc. (NYSE:IFF) during the second quarter, Holdings Channel.com reports. The firm purchased 503 shares of the specialty chemicals company’s stock, valued at approximately $48,000.

Other large investors have also made changes to their positions in the company. Bayesian Capital Management LP acquired a new position in International Flavors & Fragrances in the fourth quarter worth approximately $9,316,000. Clearfield Capital Management LP bought a new position in International Flavors & Fragrances during the fourth quarter worth about $28,771,000. Price T Rowe Associates Inc. MD boosted its stake in International Flavors & Fragrances by 19.3% in the 4th 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 buying an additional 280,069 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of International Flavors & Fragrances by 3.8% in the 4th 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 in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in International Flavors & Fragrances by 77.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 31,629 shares of the specialty chemicals company’s stock worth $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.

International Flavors & Fragrances Trading Up 0.0 %

Shares of IFF opened at $103.64 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38. The firm has a market cap of $26.46 billion, a price-to-earnings ratio of -10.61, a PEG ratio of 1.85 and a beta of 1.22. International Flavors & Fragrances Inc. has a 52-week low of $62.28 and a 52-week high of $105.30. The business’s fifty day moving average is $99.32 and its 200-day moving average is $93.08.

International Flavors & Fragrances (NYSE:IFF) last issued 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. The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business’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 firm earned $0.86 EPS. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.23 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.54%. International Flavors & Fragrances’s dividend payout ratio is -16.38%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IFF. JPMorgan Chase & Co. increased their target price on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Stifel Nicolaus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $95.00 to $115.00 in a research note on Monday, July 22nd. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their target price for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Citigroup increased their price target on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, UBS Group dropped their price objective on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.