Ensign Peak Advisors Inc Purchases 10,020 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Ensign Peak Advisors Inc raised its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 333,591 shares of the specialty chemicals company’s stock after acquiring an additional 10,020 shares during the quarter. Ensign Peak Advisors Inc owned about 0.13% of International Flavors & Fragrances worth $31,761,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IFF. Principal Securities Inc. bought a new position in International Flavors & Fragrances in the 4th quarter valued at about $43,000. Norges Bank acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth approximately $79,812,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth approximately $228,000. Coldstream Capital Management Inc. grew its position in shares of International Flavors & Fragrances by 23.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,832 shares of the specialty chemicals company’s stock worth $310,000 after purchasing an additional 730 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of International Flavors & Fragrances by 2.9% during the 4th quarter. Assetmark Inc. now owns 10,866 shares of the specialty chemicals company’s stock worth $880,000 after purchasing an additional 310 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

IFF has been the topic of a number of analyst reports. UBS Group decreased their target price on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Wells Fargo & Company increased their target price 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. Oppenheimer increased their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Finally, Citigroup increased their price target 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $103.87.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $102.23 on Monday. 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. 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 firm has a 50 day simple moving average of $99.80 and a 200 day simple moving average of $93.83. International Flavors & Fragrances Inc. has a one year low of $62.28 and a one year high of $105.30.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.15. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 earnings per share. Research analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s payout ratio is currently -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.