International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,773 shares of the specialty chemicals company’s stock after selling 106 shares during the period. Thrivent Financial for Lutherans’ holdings in International Flavors & Fragrances were worth $1,026,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Sei Investments Co. raised its holdings in International Flavors & Fragrances by 60.4% in the 2nd quarter. Sei Investments Co. now owns 162,078 shares of the specialty chemicals company’s stock valued at $15,432,000 after acquiring an additional 61,063 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in International Flavors & Fragrances by 1.9% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 50,295 shares of the specialty chemicals company’s stock valued at $4,789,000 after purchasing an additional 960 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in International Flavors & Fragrances by 4.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,232 shares of the specialty chemicals company’s stock worth $879,000 after buying an additional 409 shares during the period. GM Advisory Group LLC acquired a new stake in International Flavors & Fragrances in the 2nd quarter worth about $686,000. Finally, Trust Investment Advisors purchased a new stake in International Flavors & Fragrances in the 2nd quarter valued at about $227,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. UBS Group dropped their price objective on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Stifel Nicolaus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their target price for the company from $95.00 to $115.00 in a report on Monday, July 22nd. JPMorgan Chase & Co. upped their price target on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Finally, Oppenheimer raised their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $103.87.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $100.47 on Friday. 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 firm has a fifty day simple moving average of $100.99 and a 200-day simple moving average of $95.19. The stock has a market capitalization of $25.66 billion, a price-to-earnings ratio of -10.28, a PEG ratio of 1.85 and a beta of 1.22. International Flavors & Fragrances Inc. has a 1-year low of $62.28 and a 1-year high of $105.96.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results 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. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates 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 business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS. 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.59%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -16.38%.

International Flavors & Fragrances 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.