Amalgamated Bank Sells 930 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Amalgamated Bank cut its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,890 shares of the specialty chemicals company’s stock after selling 930 shares during the quarter. Amalgamated Bank’s holdings in International Flavors & Fragrances were worth $4,940,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV boosted its position in International Flavors & Fragrances by 33.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,425 shares of the specialty chemicals company’s stock worth $517,000 after buying an additional 1,356 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of International Flavors & Fragrances by 17.7% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,399 shares of the specialty chemicals company’s stock valued at $419,000 after acquiring an additional 660 shares during the last quarter. Virtu Financial LLC lifted its holdings in shares of International Flavors & Fragrances by 46.4% during the second quarter. Virtu Financial LLC now owns 9,048 shares of the specialty chemicals company’s stock worth $861,000 after purchasing an additional 2,869 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of International Flavors & Fragrances by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company’s stock worth $167,244,000 after purchasing an additional 123,693 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC increased its holdings in International Flavors & Fragrances by 14.3% in the second quarter. Prime Capital Investment Advisors LLC now owns 17,384 shares of the specialty chemicals company’s stock valued at $1,655,000 after purchasing an additional 2,174 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on IFF shares. Citigroup lifted their target price on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Stifel Nicolaus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their target price for the company from $95.00 to $115.00 in a report on Monday, July 22nd. JPMorgan Chase & Co. increased their target price on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Finally, Wells Fargo & Company increased their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $103.87.

International Flavors & Fragrances Stock Down 0.6 %

IFF stock opened at $102.23 on Friday. 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 Inc. has a fifty-two week low of $62.28 and a fifty-two week high of $105.30. The stock’s 50 day simple moving average is $99.80 and its 200 day simple moving average is $93.72. The company has a market cap of $26.10 billion, a P/E ratio of -10.46, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22.

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 company had revenue of $2.89 billion for 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%. International Flavors & Fragrances’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.86 EPS. On average, research analysts expect that International Flavors & Fragrances Inc. will post 4.23 earnings per share 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. Investors of record on Friday, September 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.57%. International Flavors & Fragrances’s dividend payout ratio is presently -16.38%.

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.