Natixis Advisors L.P. Has $10.20 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Natixis Advisors L.P. increased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 28.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 126,027 shares of the specialty chemicals company’s stock after acquiring an additional 28,114 shares during the quarter. Natixis Advisors L.P.’s holdings in International Flavors & Fragrances were worth $10,204,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Winder Pte. Ltd. acquired a new position in International Flavors & Fragrances in the 3rd quarter valued at approximately $1,728,544,000. Fort Washington Investment Advisors Inc. OH bought a new position in International Flavors & Fragrances during the 3rd quarter worth $95,612,000. Van ECK Associates Corp lifted its holdings in International Flavors & Fragrances by 34.0% during the 3rd quarter. Van ECK Associates Corp now owns 3,927,108 shares of the specialty chemicals company’s stock worth $267,711,000 after buying an additional 996,629 shares during the period. Nordea Investment Management AB grew its position in shares of International Flavors & Fragrances by 16.3% in the 3rd quarter. Nordea Investment Management AB now owns 5,672,776 shares of the specialty chemicals company’s stock valued at $388,358,000 after buying an additional 795,797 shares during the last quarter. Finally, Causeway Capital Management LLC acquired a new stake in shares of International Flavors & Fragrances in the third quarter valued at about $51,492,000. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $97.23 on Thursday. The business’s fifty day moving average is $83.72 and its 200 day moving average is $79.43. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. International Flavors & Fragrances Inc. has a 12-month low of $62.11 and a 12-month high of $97.35. The stock has a market cap of $24.82 billion, a P/E ratio of -9.68, a P/E/G ratio of 1.94 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.27. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. International Flavors & Fragrances’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 earnings per share. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 3.68 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio is currently -15.94%.

Analyst Upgrades and Downgrades

IFF has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Citigroup lifted their target price on shares of International Flavors & Fragrances from $100.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday. Mizuho upped their price target on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, UBS Group lifted their price objective on International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $93.18.

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.