Massachusetts Financial Services Co. MA Has $210.70 Million Stock Position in International Flavors & Fragrances Inc. $IFF

Massachusetts Financial Services Co. MA lessened its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,423,839 shares of the specialty chemicals company’s stock after selling 90,996 shares during the period. Massachusetts Financial Services Co. MA owned about 1.34% of International Flavors & Fragrances worth $210,703,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in International Flavors & Fragrances by 32.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 111,431 shares of the specialty chemicals company’s stock worth $8,367,000 after purchasing an additional 27,166 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its position in shares of International Flavors & Fragrances by 23.0% in the second quarter. Compagnie Lombard Odier SCmA now owns 131,645 shares of the specialty chemicals company’s stock worth $9,682,000 after buying an additional 24,607 shares during the period. Clarkston Capital Partners LLC purchased a new position in shares of International Flavors & Fragrances during the second quarter valued at $11,939,000. Exchange Traded Concepts LLC lifted its stake in International Flavors & Fragrances by 1,831.2% in the 2nd quarter. Exchange Traded Concepts LLC now owns 16,338 shares of the specialty chemicals company’s stock worth $1,202,000 after acquiring an additional 15,492 shares in the last quarter. Finally, Creative Planning boosted its position in International Flavors & Fragrances by 347.5% during the 2nd quarter. Creative Planning now owns 85,345 shares of the specialty chemicals company’s stock worth $6,277,000 after acquiring an additional 66,273 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Up 1.3%

Shares of IFF stock opened at $71.73 on Tuesday. The stock’s 50 day simple moving average is $67.17 and its 200 day simple moving average is $66.83. International Flavors & Fragrances Inc. has a twelve month low of $59.14 and a twelve month high of $88.09. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.44. The company has a market capitalization of $18.37 billion, a price-to-earnings ratio of -44.28, a PEG ratio of 2.69 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, beating 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 the consensus estimate of $2.65 billion. During the same quarter last year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. As a group, research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, December 19th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -98.77%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Bank of America upped their target price on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Citigroup dropped their price objective on shares of International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. UBS Group increased their target price on shares of International Flavors & Fragrances from $68.00 to $71.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Berenberg Bank lowered their price target on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a report on Monday, September 29th. Finally, BNP Paribas cut their price objective on International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average price target of $85.66.

About International Flavors & Fragrances

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.