BW Gestao de Investimentos Ltda. Acquires 87,330 Shares of International Flavors & Fragrances Inc. $IFF

BW Gestao de Investimentos Ltda. lifted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 68.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,555 shares of the specialty chemicals company’s stock after purchasing an additional 87,330 shares during the period. BW Gestao de Investimentos Ltda. owned 0.08% of International Flavors & Fragrances worth $13,265,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Ilex Capital Partners UK LLP acquired a new position in International Flavors & Fragrances in the second quarter valued at approximately $212,090,000. Ameriprise Financial Inc. increased its stake in shares of International Flavors & Fragrances by 1,842.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company’s stock valued at $183,264,000 after acquiring an additional 2,363,307 shares in the last quarter. Norges Bank acquired a new position in shares of International Flavors & Fragrances during the 2nd quarter valued at $152,736,000. First Eagle Investment Management LLC boosted its stake in 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 acquiring an additional 1,485,976 shares in the last quarter. Finally, Dodge & Cox grew its holdings in International Flavors & Fragrances by 3.8% in the second quarter. Dodge & Cox now owns 35,047,387 shares of the specialty chemicals company’s stock worth $2,577,735,000 after purchasing an additional 1,272,780 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on IFF shares. Argus upped their price objective on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Barclays boosted their target price on International Flavors & Fragrances from $78.00 to $91.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Citigroup upped their price target on International Flavors & Fragrances from $83.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Mizuho raised their price objective on International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Berenberg Bank decreased their price objective on International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating for the company in a report on Thursday, February 5th. Thirteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.09.

International Flavors & Fragrances Trading Down 1.0%

NYSE IFF opened at $73.02 on Tuesday. International Flavors & Fragrances Inc. has a 12 month low of $59.14 and a 12 month high of $84.45. The company has a market capitalization of $18.66 billion, a price-to-earnings ratio of -53.30, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. 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 firm’s fifty day moving average price is $74.32 and its 200 day moving average price is $68.11.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.05). The company had revenue of $2.59 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. On average, 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 declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, March 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -116.79%.

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.