International Flavors & Fragrances Inc. (NYSE:IFF) Stake Lessened by Tredje AP fonden

Tredje AP fonden decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,786 shares of the specialty chemicals company’s stock after selling 627 shares during the quarter. Tredje AP fonden’s holdings in International Flavors & Fragrances were worth $3,788,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Riverview Trust Co acquired a new stake in International Flavors & Fragrances during the 1st quarter worth about $27,000. Quent Capital LLC boosted 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 purchasing an additional 240 shares during the period. Family Firm Inc. purchased a new position in International Flavors & Fragrances during the second quarter valued at approximately $38,000. MCF Advisors LLC increased its stake in International Flavors & Fragrances by 1,856.0% in the 2nd quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 464 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in International Flavors & Fragrances in the 2nd quarter worth approximately $48,000. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Performance

IFF opened at $103.46 on Thursday. 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 business has a 50 day moving average of $99.47 and a 200-day moving average of $93.28. International Flavors & Fragrances Inc. has a 12-month low of $62.28 and a 12-month high of $105.30. The stock has a market cap of $26.42 billion, a price-to-earnings ratio of -10.59, a PEG ratio of 1.85 and a beta of 1.22.

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

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 20th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -16.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on IFF shares. 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 note on Thursday, August 15th. Morgan Stanley upped their target price 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. JPMorgan Chase & Co. boosted their price target on International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Citigroup lifted their target price on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Stifel Nicolaus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their price target for the company from $95.00 to $115.00 in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $103.87.

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.