Acadian Asset Management LLC Makes New Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

Acadian Asset Management LLC bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,101 shares of the specialty chemicals company’s stock, valued at approximately $675,000.

Several other hedge funds also recently made changes to their positions in IFF. Riverview Trust Co acquired a new stake in International Flavors & Fragrances during the first quarter worth approximately $27,000. Quent Capital LLC grew its holdings in shares of International Flavors & Fragrances by 183.2% during 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 in the last quarter. Family Firm Inc. bought a new position in shares of International Flavors & Fragrances in the second quarter worth $38,000. MCF Advisors LLC raised its stake in International Flavors & Fragrances by 1,856.0% in the second quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock valued at $47,000 after purchasing an additional 464 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in International Flavors & Fragrances during the first quarter worth about $44,000. 96.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on IFF. Morgan Stanley boosted their target price on shares of 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. UBS Group cut their target price on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. 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. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Finally, Oppenheimer lifted 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, International Flavors & Fragrances has an average rating of “Hold” and a consensus target price of $103.87.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $104.22 on Wednesday. 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 52 week low of $62.28 and a 52 week high of $105.30. The firm has a market cap of $26.61 billion, a PE ratio of -10.67, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22. The firm’s fifty day moving average is $99.32 and its 200-day moving average is $93.08.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.01 by $0.15. The firm 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%. During the same period in the previous year, the business earned $0.86 EPS. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

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

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.