Auxier Asset Management Reduces Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Auxier Asset Management reduced its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,556 shares of the specialty chemicals company’s stock after selling 128 shares during the period. Auxier Asset Management’s holdings in International Flavors & Fragrances were worth $339,000 at the end of the most recent reporting period.

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

International Flavors & Fragrances Stock Down 0.6 %

Shares of NYSE:IFF opened at $102.23 on Friday. International Flavors & Fragrances Inc. has a fifty-two week low of $62.28 and a fifty-two week high of $105.30. 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’s 50-day simple moving average is $99.80 and its 200-day simple moving average is $93.60. The company has a market cap of $26.10 billion, a price-to-earnings ratio of -10.46, a PEG ratio of 1.85 and a beta of 1.22.

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. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS. As a group, equities research analysts predict 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 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. The ex-dividend date is Friday, September 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.57%. International Flavors & Fragrances’s payout ratio is currently -16.38%.

Analyst Ratings Changes

Several equities research analysts recently commented on IFF shares. UBS Group cut 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. Wells Fargo & Company boosted their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their price objective 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. Finally, Citigroup raised their target price on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.