Van ECK Associates Corp Has $415.87 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Van ECK Associates Corp lowered its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 10.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,000,621 shares of the specialty chemicals company’s stock after selling 448,542 shares during the period. Van ECK Associates Corp’s holdings in International Flavors & Fragrances were worth $415,865,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IFF. BNP Paribas Financial Markets grew its holdings in shares of International Flavors & Fragrances by 23.6% during the first quarter. BNP Paribas Financial Markets now owns 263,720 shares of the specialty chemicals company’s stock worth $22,677,000 after purchasing an additional 50,405 shares during the last quarter. Norden Group LLC boosted its position in International Flavors & Fragrances by 313.1% during the 1st quarter. Norden Group LLC now owns 10,678 shares of the specialty chemicals company’s stock worth $919,000 after buying an additional 8,093 shares during the period. Sei Investments Co. increased its position in International Flavors & Fragrances by 55.4% in the 1st quarter. Sei Investments Co. now owns 101,015 shares of the specialty chemicals company’s stock valued at $8,686,000 after acquiring an additional 36,026 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of International Flavors & Fragrances by 8.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 650,879 shares of the specialty chemicals company’s stock valued at $55,969,000 after acquiring an additional 49,614 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of International Flavors & Fragrances during the first quarter worth $1,115,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

IFF has been the subject of a number of recent research reports. UBS Group decreased their price objective on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Wells Fargo & Company raised their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Citigroup upped their target price on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a report on Friday, July 12th. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Finally, Oppenheimer increased their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $107.86.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $98.93 on Friday. The firm has a market capitalization of $25.29 billion, a P/E ratio of -10.73, a P/E/G ratio of 1.77 and a beta of 1.22. The firm’s 50-day moving average price is $103.00 and its 200-day moving average price is $97.74. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60. International Flavors & Fragrances Inc. has a 1-year low of $68.45 and a 1-year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the business earned $0.86 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.24 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.62%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -17.35%.

About International Flavors & Fragrances

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.