Creative Planning Trims Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Creative Planning trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 51.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,746 shares of the specialty chemicals company’s stock after selling 26,048 shares during the quarter. Creative Planning’s holdings in International Flavors & Fragrances were worth $2,597,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in International Flavors & Fragrances by 23.6% during the 1st quarter. BNP Paribas Financial Markets now owns 263,720 shares of the specialty chemicals company’s stock worth $22,677,000 after acquiring an additional 50,405 shares in the last quarter. Norden Group LLC boosted its stake in shares of International Flavors & Fragrances by 313.1% during the first quarter. Norden Group LLC now owns 10,678 shares of the specialty chemicals company’s stock valued at $919,000 after purchasing an additional 8,093 shares in the last quarter. Sei Investments Co. increased its holdings in International Flavors & Fragrances by 55.4% during the first quarter. Sei Investments Co. now owns 101,015 shares of the specialty chemicals company’s stock valued at $8,686,000 after buying an additional 36,026 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in International Flavors & Fragrances by 8.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 650,879 shares of the specialty chemicals company’s stock worth $55,969,000 after buying an additional 49,614 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in International Flavors & Fragrances during the first quarter worth $1,115,000. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $101.45 on Friday. International Flavors & Fragrances Inc. has a 52 week low of $63.21 and a 52 week high of $106.77. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The firm has a market cap of $25.94 billion, a P/E ratio of -11.00, a P/E/G ratio of 1.86 and a beta of 1.22. The business’s 50 day moving average price is $102.89 and its 200 day moving average price is $97.28.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data 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 firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th were paid a $0.40 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.58%. International Flavors & Fragrances’s payout ratio is -17.35%.

Analysts Set New Price Targets

IFF has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Morgan Stanley boosted their target price on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 3rd. UBS Group lowered their price target on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Oppenheimer boosted their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $107.86.

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.