Bleakley Financial Group LLC Decreases Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Bleakley Financial Group LLC lowered its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 84.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,334 shares of the specialty chemicals company’s stock after selling 44,142 shares during the quarter. Bleakley Financial Group LLC’s holdings in International Flavors & Fragrances were worth $875,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in IFF. Ilex Capital Partners UK LLP increased its stake in shares of International Flavors & Fragrances by 344.5% during the first quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock valued at $72,877,000 after buying an additional 656,820 shares during the period. Albar Capital Ltd increased its position in International Flavors & Fragrances by 73.5% during the 2nd quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock valued at $109,133,000 after purchasing an additional 485,433 shares during the period. Van ECK Associates Corp raised its holdings in International Flavors & Fragrances by 7.8% in the 1st quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock worth $410,919,000 after purchasing an additional 344,377 shares in the last quarter. Swedbank AB purchased a new stake in shares of International Flavors & Fragrances in the 1st quarter worth about $19,945,000. Finally, Point72 Europe London LLP boosted its stake in shares of International Flavors & Fragrances by 50.0% during the 2nd quarter. Point72 Europe London LLP now owns 627,412 shares of the specialty chemicals company’s stock valued at $59,736,000 after purchasing an additional 209,098 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on IFF shares. Stifel Nicolaus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and increased their price target for the stock from $95.00 to $115.00 in a research note on Monday, July 22nd. UBS Group lowered their target price on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Barclays increased their price objective on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. 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. Finally, Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $107.43.

International Flavors & Fragrances Price Performance

NYSE IFF opened at $104.50 on Monday. The stock has a 50-day moving average of $102.31 and a 200 day moving average of $96.64. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38. The company has a market capitalization of $26.68 billion, a price-to-earnings ratio of -10.70, a PEG ratio of 1.82 and a beta of 1.22. International Flavors & Fragrances Inc. has a one year low of $63.21 and a one year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued 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 negative net margin of 20.82% and a positive return on equity of 6.63%. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the company posted $0.86 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. On average, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.23 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th were given a dividend of $0.40 per share. The ex-dividend date was Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.53%. International Flavors & Fragrances’s payout ratio is currently -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.