International Flavors & Fragrances Inc. $IFF Shares Purchased by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. grew its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 9.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 503,834 shares of the specialty chemicals company’s stock after acquiring an additional 41,997 shares during the period. Deprince Race & Zollo Inc. owned about 0.20% of International Flavors & Fragrances worth $31,006,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Dodge & Cox lifted its holdings in shares of International Flavors & Fragrances by 3.8% during the second quarter. Dodge & Cox now owns 35,047,387 shares of the specialty chemicals company’s stock valued at $2,577,735,000 after purchasing an additional 1,272,780 shares during the last quarter. Vanguard Group Inc. lifted its stake in International Flavors & Fragrances by 1.6% during the second quarter. Vanguard Group Inc. now owns 30,880,203 shares of the specialty chemicals company’s stock valued at $2,271,239,000 after buying an additional 490,163 shares in the last quarter. State Street Corp boosted its holdings in shares of International Flavors & Fragrances by 3.6% in the second quarter. State Street Corp now owns 10,884,974 shares of the specialty chemicals company’s stock worth $804,753,000 after buying an additional 381,593 shares during the period. Geode Capital Management LLC increased its position in shares of International Flavors & Fragrances by 1.9% in the second quarter. Geode Capital Management LLC now owns 6,459,129 shares of the specialty chemicals company’s stock worth $473,036,000 after acquiring an additional 123,520 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of International Flavors & Fragrances by 122.1% during the second quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company’s stock valued at $400,192,000 after acquiring an additional 2,991,405 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IFF has been the subject of a number of recent analyst reports. Argus decreased their price objective on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Wolfe Research raised International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research report on Monday, September 8th. Bank of America lowered their price target on International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. BNP Paribas reduced their price objective on International Flavors & Fragrances from $92.00 to $91.00 in a research note on Monday, September 29th. Finally, Mizuho lowered their target price on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.02.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $67.49 on Friday. The firm has a market cap of $17.28 billion, a price-to-earnings ratio of -41.66, a P/E/G ratio of 2.74 and a beta of 1.03. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $88.09. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $65.54 and a 200 day simple moving average of $67.61.

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

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 19th will be paid a $0.40 dividend. The ex-dividend date is Friday, December 19th. This represents a $1.60 dividend on an annualized basis and a yield of 2.4%. International Flavors & Fragrances’s payout ratio is -98.77%.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.