First Eagle Investment Management LLC Raises Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

First Eagle Investment Management LLC raised its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 31.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,769 shares of the specialty chemicals company’s stock after acquiring an additional 1,150 shares during the quarter. First Eagle Investment Management LLC’s holdings in International Flavors & Fragrances were worth $454,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. 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. First Pacific Advisors LP lifted its position in shares of International Flavors & Fragrances by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 4,011,307 shares of the specialty chemicals company’s stock worth $381,917,000 after buying an additional 80,558 shares during the last quarter. Capital International Investors lifted its position in shares of International Flavors & Fragrances by 1.4% during the 4th quarter. Capital International Investors now owns 2,375,699 shares of the specialty chemicals company’s stock worth $192,360,000 after buying an additional 33,548 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of International Flavors & Fragrances by 9.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,895,581 shares of the specialty chemicals company’s stock worth $163,003,000 after buying an additional 162,179 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of International Flavors & Fragrances by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company’s stock worth $167,244,000 after buying an additional 123,693 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $102.23 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. International Flavors & Fragrances Inc. has a fifty-two week low of $62.28 and a fifty-two week high of $105.30. The stock has a market cap of $26.10 billion, a PE ratio of -10.46, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22. The firm’s fifty day simple moving average is $99.80 and its 200-day simple moving average is $93.72.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly 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. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the company posted $0.86 EPS. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts expect that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.57%. International Flavors & Fragrances’s dividend payout ratio is presently -16.38%.

Analyst Ratings Changes

Several analysts have recently weighed in on IFF shares. Wells Fargo & Company boosted their price objective on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. 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 report on Friday, July 12th. Morgan Stanley lifted their target price on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a report on Wednesday, July 3rd. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $109.00 to $120.00 in a report on Tuesday, September 3rd. Finally, Oppenheimer lifted their target price on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. One 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. According to data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Hold” and an average target price of $103.87.

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.