Signaturefd LLC Grows Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Signaturefd LLC increased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 3.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,608 shares of the specialty chemicals company’s stock after acquiring an additional 165 shares during the quarter. Signaturefd LLC’s holdings in International Flavors & Fragrances were worth $484,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in International Flavors & Fragrances in the 3rd quarter worth approximately $27,000. Quent Capital LLC boosted its stake in International Flavors & Fragrances by 183.2% in the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 240 shares during the period. Family Firm Inc. bought a new position in International Flavors & Fragrances in the 2nd quarter worth approximately $38,000. Fidelis Capital Partners LLC bought a new position in International Flavors & Fragrances in the 1st quarter worth approximately $44,000. Finally, Larson Financial Group LLC boosted its stake in International Flavors & Fragrances by 5,050.0% in the 1st quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 505 shares during the period. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $101.45 on Friday. The stock’s fifty day moving average price is $102.89 and its 200-day moving average price is $97.20. International Flavors & Fragrances Inc. has a 12 month low of $63.21 and a 12 month high of $106.77. 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 (NYSE:IFF) last posted its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, analysts expect that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is presently -17.35%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on IFF shares. Barclays increased their target price on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Oppenheimer increased their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Morgan Stanley increased their target price on International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 3rd. Mizuho upgraded 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 report on Tuesday, September 3rd. Finally, Citigroup increased their target price on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $107.86.

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.