SG Americas Securities LLC Has $1.70 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

SG Americas Securities LLC decreased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 69.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,227 shares of the specialty chemicals company’s stock after selling 36,341 shares during the quarter. SG Americas Securities LLC’s holdings in International Flavors & Fragrances were worth $1,703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Trail Advisors LLC raised its stake in International Flavors & Fragrances by 5.0% in the 2nd quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company’s stock valued at $236,000 after acquiring an additional 117 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of International Flavors & Fragrances by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 27,696 shares of the specialty chemicals company’s stock worth $2,381,000 after buying an additional 130 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in International Flavors & Fragrances by 18.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 863 shares of the specialty chemicals company’s stock valued at $82,000 after acquiring an additional 132 shares during the period. Pflug Koory LLC lifted its position in International Flavors & Fragrances by 2.4% during the first quarter. Pflug Koory LLC now owns 6,522 shares of the specialty chemicals company’s stock worth $561,000 after acquiring an additional 152 shares during the last quarter. Finally, Orca Investment Management LLC boosted its holdings in shares of International Flavors & Fragrances by 0.8% during the second quarter. Orca Investment Management LLC now owns 21,144 shares of the specialty chemicals company’s stock worth $2,013,000 after acquiring an additional 158 shares during the period. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on IFF shares. Wells Fargo & Company raised their price target 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 upped their price objective 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. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their target price for the company from $109.00 to $120.00 in a report on Tuesday, September 3rd. JPMorgan Chase & Co. upped their price target 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, Oppenheimer lifted their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $103.87.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $102.49 on Wednesday. International Flavors & Fragrances Inc. has a 12 month low of $62.44 and a 12 month high of $105.96. The firm has a market capitalization of $26.17 billion, a PE ratio of -10.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22. The firm has a fifty day simple moving average of $101.07 and a two-hundred day simple moving average of $95.62. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS 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 firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the business posted $0.86 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Analysts forecast that International Flavors & Fragrances Inc. will post 4.23 EPS 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. Investors of record on Friday, September 20th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s payout ratio is -16.38%.

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.