International Flavors & Fragrances Inc. $IFF Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 29.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 122,898 shares of the specialty chemicals company’s stock after purchasing an additional 27,596 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in International Flavors & Fragrances were worth $9,039,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Banque Transatlantique SA acquired a new position in International Flavors & Fragrances in the 1st quarter valued at about $32,000. American National Bank & Trust grew its stake in shares of International Flavors & Fragrances by 11,975.0% in the 2nd quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 479 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of International Flavors & Fragrances during the first quarter worth approximately $42,000. Geneos Wealth Management Inc. lifted its holdings in shares of International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 210 shares during the period. Finally, Eastern Bank grew its position in International Flavors & Fragrances by 43.9% in the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 193 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

IFF has been the subject of several recent analyst reports. Mizuho reduced their target price on shares of International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Berenberg Bank lowered their price objective on International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a report on Monday, September 29th. Citigroup dropped their target price on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Wolfe Research raised International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $105.00 price objective on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus target price of $85.02.

International Flavors & Fragrances Stock Down 1.3%

IFF stock opened at $64.50 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87. International Flavors & Fragrances Inc. has a 12 month low of $59.14 and a 12 month high of $89.28. The firm has a market capitalization of $16.52 billion, a PE ratio of -39.81, a P/E/G ratio of 2.65 and a beta of 1.03. The company’s 50 day simple moving average is $64.52 and its 200-day simple moving average is $68.59.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.65 billion. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.International Flavors & Fragrances’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 EPS. Equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 19th. This represents a $1.60 annualized dividend and a yield of 2.5%. International Flavors & Fragrances’s payout ratio is presently -98.77%.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.