Hsbc Holdings PLC Sells 2,726 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Hsbc Holdings PLC decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 0.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 561,629 shares of the specialty chemicals company’s stock after selling 2,726 shares during the period. Hsbc Holdings PLC owned 0.22% of International Flavors & Fragrances worth $53,550,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IFF. Norges Bank bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $79,812,000. Nomura Holdings Inc. increased its stake in shares of International Flavors & Fragrances by 139.3% during 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 position in shares of 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 valued at $72,877,000 after acquiring an additional 656,820 shares in the last quarter. Clearfield Capital Management LP bought a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $28,771,000. Finally, Van ECK Associates Corp increased its position in shares of International Flavors & Fragrances by 7.8% during the first quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock valued at $410,919,000 after acquiring an additional 344,377 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Down 0.6 %

Shares of International Flavors & Fragrances stock opened at $102.23 on Friday. The company’s fifty day simple moving average is $99.73 and its 200-day simple moving average is $93.42. The stock has a market capitalization of $26.10 billion, a PE ratio of -10.46, a P/E/G ratio of 1.85 and a beta of 1.22. International Flavors & Fragrances Inc. has a 1-year low of $62.28 and a 1-year high of $105.30. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75.

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, beating analysts’ consensus estimates of $1.01 by $0.15. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the company earned $0.86 EPS. International Flavors & Fragrances’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities analysts anticipate 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. Investors of record on Friday, September 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -16.38%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IFF. JPMorgan Chase & Co. raised their price target 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. Oppenheimer raised their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their price target for the company from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Citigroup raised their price target on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Stifel Nicolaus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their target price for the stock from $95.00 to $115.00 in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances has a consensus 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.