Prudential PLC Has $427,000 Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Prudential PLC lessened its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 86.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,488 shares of the specialty chemicals company’s stock after selling 28,202 shares during the period. Prudential PLC’s holdings in International Flavors & Fragrances were worth $427,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Riverview Trust Co bought a new stake in shares of International Flavors & Fragrances in the first quarter worth about $27,000. Quent Capital LLC grew its holdings in shares of International Flavors & Fragrances by 183.2% during the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 240 shares in the last quarter. Family Firm Inc. acquired a new stake in International Flavors & Fragrances in the 2nd quarter valued at approximately $38,000. Principal Securities Inc. bought a new stake in International Flavors & Fragrances in the 4th quarter valued at approximately $43,000. Finally, Fidelis Capital Partners LLC bought a new stake in shares of International Flavors & Fragrances in the first quarter worth $44,000. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Up 0.1 %

Shares of IFF stock opened at $103.59 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $26.45 billion, a P/E ratio of -10.60, a P/E/G ratio of 1.85 and a beta of 1.22. International Flavors & Fragrances Inc. has a twelve month low of $62.28 and a twelve month high of $105.30. The stock’s fifty day simple moving average is $99.19 and its 200 day simple moving average is $92.61.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. As a group, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.23 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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

Analyst Upgrades and Downgrades

IFF has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. UBS Group dropped their price target 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. Stifel Nicolaus raised shares of 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. Morgan Stanley boosted their price target on 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, JPMorgan Chase & Co. boosted 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $103.87.

About International Flavors & Fragrances

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.