Headlands Technologies LLC Makes New $48,000 Investment in International Flavors & Fragrances Inc. (NYSE:IFF)

Headlands Technologies LLC bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 503 shares of the specialty chemicals company’s stock, valued at approximately $48,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IFF. Riverview Trust Co acquired a new position in shares of International Flavors & Fragrances during the 1st quarter valued at about $27,000. Quent Capital LLC lifted its position in shares of International Flavors & Fragrances by 183.2% during the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 240 shares during the last quarter. Family Firm Inc. purchased a new position in shares of International Flavors & Fragrances in the 2nd quarter valued at about $38,000. Principal Securities Inc. acquired a new position in International Flavors & Fragrances in the fourth quarter valued at $43,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of International Flavors & Fragrances during the first quarter worth about $44,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $103.64 on Tuesday. International Flavors & Fragrances Inc. has a 12 month low of $62.28 and a 12 month high of $105.30. The company has a fifty day moving average price of $99.32 and a two-hundred day moving average price of $93.08. 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 company has a market cap of $26.46 billion, a PE ratio of -10.61, a P/E/G ratio of 1.85 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (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 business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. Research analysts expect that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -16.38%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IFF. Oppenheimer lifted their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Morgan Stanley lifted their price target 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. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their target price for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Wells Fargo & Company upped 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. Finally, Citigroup raised their price objective on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.