Virtu Financial LLC Has $861,000 Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Virtu Financial LLC raised its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 46.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,048 shares of the specialty chemicals company’s stock after purchasing an additional 2,869 shares during the period. Virtu Financial LLC’s holdings in International Flavors & Fragrances were worth $861,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IFF. Norges Bank bought a new stake in International Flavors & Fragrances during the 4th quarter valued at approximately $79,812,000. Nomura Holdings Inc. grew its stake in shares of International Flavors & Fragrances by 139.3% in the fourth quarter. Nomura Holdings Inc. now owns 1,372,685 shares of the specialty chemicals company’s stock worth $111,146,000 after acquiring an additional 798,946 shares during the last quarter. Ilex Capital Partners UK LLP increased its position in International Flavors & Fragrances by 344.5% during the first quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock worth $72,877,000 after acquiring an additional 656,820 shares during the period. Clearfield Capital Management LP acquired a new position in International Flavors & Fragrances during the 4th quarter valued at $28,771,000. Finally, Van ECK Associates Corp boosted its holdings in International Flavors & Fragrances by 7.8% in the 1st quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock valued at $410,919,000 after purchasing an additional 344,377 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on IFF shares. Stifel Nicolaus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their price objective for the company from $95.00 to $115.00 in a research report on Monday, July 22nd. UBS Group decreased their price objective on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Wells Fargo & Company boosted their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. lifted their target price on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Finally, Morgan Stanley increased their price target on shares of 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. 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 company’s stock. Based on data from MarketBeat, International Flavors & Fragrances presently has an average rating of “Hold” and a consensus target price of $103.87.

International Flavors & Fragrances Price Performance

Shares of IFF stock opened at $103.31 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38. The stock has a market capitalization of $26.38 billion, a PE ratio of -10.57, a PEG ratio of 1.85 and a beta of 1.22. International Flavors & Fragrances Inc. has a 52 week low of $62.28 and a 52 week high of $105.30. The stock’s fifty day moving average is $99.61 and its 200-day moving average is $93.35.

International Flavors & Fragrances (NYSE:IFF) last released 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 company had revenue of $2.89 billion during 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 firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 earnings per share. Equities research analysts expect that International Flavors & Fragrances Inc. will post 4.23 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -16.38%.

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.