International Flavors & Fragrances Inc. (NYSE:IFF) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 2.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 28,461 shares of the specialty chemicals company’s stock after purchasing an additional 616 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in International Flavors & Fragrances were worth $2,986,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Bar Harbor Wealth Management boosted its position in International Flavors & Fragrances by 11.2% in the 3rd quarter. Bar Harbor Wealth Management now owns 21,306 shares of the specialty chemicals company’s stock worth $2,236,000 after purchasing an additional 2,154 shares in the last quarter. NBC Securities Inc. lifted its stake in shares of International Flavors & Fragrances by 10.3% in the 3rd quarter. NBC Securities Inc. now owns 1,444 shares of the specialty chemicals company’s stock valued at $151,000 after purchasing an additional 135 shares during the period. Orca Investment Management LLC boosted its holdings 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 buying an additional 122 shares in the last quarter. Compagnie Lombard Odier SCmA increased its holdings in International Flavors & Fragrances by 45.3% in the third quarter. Compagnie Lombard Odier SCmA now owns 102,773 shares of the specialty chemicals company’s stock valued at $10,784,000 after buying an additional 32,040 shares in the last quarter. Finally, CHICAGO TRUST Co NA raised its position in shares of International Flavors & Fragrances by 36.6% in the third quarter. CHICAGO TRUST Co NA now owns 13,740 shares of the specialty chemicals company’s stock worth $1,442,000 after acquiring an additional 3,682 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $104.50 on Monday. The stock has a market cap of $26.68 billion, a price-to-earnings ratio of -10.70, a price-to-earnings-growth ratio of 1.82 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 has a 50 day simple moving average of $102.31 and a 200-day simple moving average of $96.64. International Flavors & Fragrances Inc. has a 1-year low of $63.21 and a 1-year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 earnings per share. On average, analysts expect that International Flavors & Fragrances Inc. will post 4.23 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is presently -16.38%.

Wall Street Analyst Weigh In

IFF has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target 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. Oppenheimer upped their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. increased their target price on International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Citigroup upped their price objective on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, UBS Group dropped their target price on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $107.43.

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.