Dimensional Fund Advisors LP Decreases Stock Position in International Flavors & Fragrances Inc. $IFF

Dimensional Fund Advisors LP lessened its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 12.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,915,412 shares of the specialty chemicals company’s stock after selling 265,838 shares during the period. Dimensional Fund Advisors LP owned 0.75% of International Flavors & Fragrances worth $117,862,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in IFF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in International Flavors & Fragrances by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock valued at $2,042,000 after purchasing an additional 1,335 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of International Flavors & Fragrances by 15.7% in the first quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock valued at $309,000 after purchasing an additional 539 shares during the period. Empowered Funds LLC lifted its stake in shares of International Flavors & Fragrances by 71.5% during the 1st quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock valued at $811,000 after buying an additional 4,358 shares in the last quarter. Focus Partners Wealth boosted its holdings in International Flavors & Fragrances by 25.5% in the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock worth $584,000 after buying an additional 1,530 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $68.69 on Thursday. The stock’s 50-day simple moving average is $74.44 and its two-hundred day simple moving average is $68.14. International Flavors & Fragrances Inc. has a twelve month low of $59.14 and a twelve month high of $84.45. The firm has a market capitalization of $17.55 billion, a P/E ratio of -50.14, a P/E/G ratio of 1.91 and a beta of 0.99. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.33.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly 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). The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. As a group, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, March 20th. International Flavors & Fragrances’s payout ratio is currently -116.79%.

Analyst Ratings Changes

A number of brokerages have issued reports on IFF. Berenberg Bank lowered their target price on shares of International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating on the stock in a report on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of International Flavors & Fragrances in a report on Monday, December 29th. Argus boosted their price objective on International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Mizuho increased their price objective on International Flavors & Fragrances from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on International Flavors & Fragrances from $75.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Thirteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.09.

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.