International Flavors & Fragrances Inc. (NYSE:IFF) Shares Bought by Natixis Advisors L.P.

Natixis Advisors L.P. grew its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 28.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 126,027 shares of the specialty chemicals company’s stock after acquiring an additional 28,114 shares during the quarter. Natixis Advisors L.P.’s holdings in International Flavors & Fragrances were worth $10,204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Blue Bell Private Wealth Management LLC raised its holdings in International Flavors & Fragrances by 3,000.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 300 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in International Flavors & Fragrances during the 4th quarter worth $41,000. Parkside Financial Bank & Trust lifted its position in International Flavors & Fragrances by 241.3% in the third quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company’s stock valued at $51,000 after acquiring an additional 526 shares during the last quarter. Janiczek Wealth Management LLC boosted its stake in International Flavors & Fragrances by 466.7% in the fourth quarter. Janiczek Wealth Management LLC now owns 918 shares of the specialty chemicals company’s stock valued at $74,000 after acquiring an additional 756 shares in the last quarter. Finally, Roble Belko & Company Inc purchased a new position in shares of International Flavors & Fragrances during the fourth quarter worth about $89,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IFF. Jefferies Financial Group raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their target price for the company from $73.00 to $112.00 in a research report on Friday, January 12th. StockNews.com upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Wells Fargo & Company increased their target price on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Morgan Stanley boosted their price target on International Flavors & Fragrances from $89.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $93.18.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $97.23 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. The firm’s 50-day simple moving average is $83.72 and its 200 day simple moving average is $79.43. International Flavors & Fragrances Inc. has a 52 week low of $62.11 and a 52 week high of $97.35. The firm has a market capitalization of $24.82 billion, a PE ratio of -9.68, a P/E/G ratio of 1.94 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.27. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities research analysts predict that International Flavors & Fragrances Inc. will post 3.68 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.65%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -15.94%.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.