Brandes Investment Partners LP Has $4.50 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Brandes Investment Partners LP increased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,265 shares of the specialty chemicals company’s stock after buying an additional 1,317 shares during the period. Brandes Investment Partners LP’s holdings in International Flavors & Fragrances were worth $4,502,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IFF. Riverview Trust Co bought a new stake in shares of International Flavors & Fragrances during the first quarter valued at approximately $27,000. Quent Capital LLC increased its stake in International Flavors & Fragrances by 183.2% during the 1st 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. bought a new position in shares of International Flavors & Fragrances in the second quarter valued at $38,000. Fidelis Capital Partners LLC acquired a new position in shares of International Flavors & Fragrances during the first quarter valued at about $44,000. Finally, Larson Financial Group LLC increased its position in shares of International Flavors & Fragrances by 5,050.0% during the first quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 505 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $104.93 on Tuesday. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $100.71 and a two-hundred day simple moving average of $94.84. International Flavors & Fragrances Inc. has a 1-year low of $62.28 and a 1-year high of $105.96. The firm has a market cap of $26.79 billion, a price-to-earnings ratio of -10.74, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22.

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 the consensus estimate 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 company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Analysts anticipate that International Flavors & Fragrances Inc. will post 4.23 earnings per share 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. 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 1.52%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s payout ratio is currently -16.38%.

Analyst Ratings Changes

Several brokerages recently weighed in on IFF. Morgan Stanley raised their price target on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 3rd. UBS Group cut their target price on 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. Wells Fargo & Company increased their price target on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price objective on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Finally, Stifel Nicolaus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and increased their target price for the company from $95.00 to $115.00 in a report on Monday, July 22nd. 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 company’s stock. According to MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Hold” and a consensus target price of $103.87.

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.