XTX Topco Ltd Raises Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

XTX Topco Ltd lifted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,620 shares of the specialty chemicals company’s stock after purchasing an additional 306 shares during the period. XTX Topco Ltd’s holdings in International Flavors & Fragrances were worth $2,058,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Riverview Trust Co purchased a new position in International Flavors & Fragrances during the 1st quarter valued at about $27,000. Quent Capital LLC boosted its stake 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 valued at $32,000 after purchasing an additional 240 shares in the last quarter. Family Firm Inc. purchased a new position in International Flavors & Fragrances during the second quarter valued at approximately $38,000. Principal Securities Inc. bought a new position in International Flavors & Fragrances in the fourth quarter worth approximately $43,000. Finally, Fidelis Capital Partners LLC purchased a new stake in International Flavors & Fragrances during the first quarter worth $44,000. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on IFF shares. Citigroup boosted their price target on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Stifel Nicolaus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and boosted their target price for the stock from $95.00 to $115.00 in a report on Monday, July 22nd. UBS Group lowered 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 report on Thursday, August 15th. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Finally, Wells Fargo & Company increased their target price on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $103.87.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $103.31 on Friday. The firm has a market capitalization of $26.38 billion, a PE ratio of -10.57, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75. The company’s fifty day moving average price is $99.61 and its 200-day moving average price is $93.35. International Flavors & Fragrances Inc. has a 1-year low of $62.28 and a 1-year high of $105.30.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company earned $0.86 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. On average, equities research analysts predict that International Flavors & Fragrances Inc. will post 4.23 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared 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 1.55%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is presently -16.38%.

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.