B. Metzler seel. Sohn & Co. AG Acquires 7,727 Shares of International Flavors & Fragrances Inc. $IFF

B. Metzler seel. Sohn & Co. AG increased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 121.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,077 shares of the specialty chemicals company’s stock after buying an additional 7,727 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in International Flavors & Fragrances were worth $866,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Dodge & Cox raised its position in shares of International Flavors & Fragrances by 3.8% during the 2nd quarter. Dodge & Cox now owns 35,047,387 shares of the specialty chemicals company’s stock valued at $2,577,735,000 after acquiring an additional 1,272,780 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of International Flavors & Fragrances by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 31,133,186 shares of the specialty chemicals company’s stock worth $1,915,936,000 after purchasing an additional 252,983 shares during the last quarter. State Street Corp grew its stake in shares of International Flavors & Fragrances by 3.6% during the second quarter. State Street Corp now owns 10,884,974 shares of the specialty chemicals company’s stock worth $804,753,000 after purchasing an additional 381,593 shares during the period. First Eagle Investment Management LLC grew its stake in shares of International Flavors & Fragrances by 27.3% during the third quarter. First Eagle Investment Management LLC now owns 6,927,070 shares of the specialty chemicals company’s stock worth $426,292,000 after purchasing an additional 1,485,976 shares during the period. Finally, Geode Capital Management LLC increased its holdings in 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 valued at $473,036,000 after purchasing an additional 123,520 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Trading Down 5.7%

NYSE:IFF opened at $68.69 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.42 and a quick ratio of 0.85. The business’s 50-day simple moving average is $74.44 and its 200-day simple moving average is $68.14. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $84.45. The stock has a market capitalization of $17.55 billion, a PE ratio of -50.14, a price-to-earnings-growth ratio of 1.91 and a beta of 0.99.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the company posted $0.97 earnings per share. International Flavors & Fragrances’s revenue for the quarter was down 6.6% compared to the same quarter last year. Sell-side 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, April 10th. Shareholders of record on Friday, March 20th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, March 20th. International Flavors & Fragrances’s dividend payout ratio is -116.79%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on IFF shares. Mizuho raised their target price on International Flavors & Fragrances from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Citigroup upped their price target on International Flavors & Fragrances from $83.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Argus lifted their price objective on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of International Flavors & Fragrances from $75.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Finally, Barclays upped their target price on shares of International Flavors & Fragrances from $78.00 to $91.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average target price of $90.09.

International Flavors & Fragrances Company 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.