International Flavors & Fragrances Inc. (NYSE:IFF) Shares Acquired by InTrack Investment Management Inc

InTrack Investment Management Inc grew its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,680 shares of the specialty chemicals company’s stock after buying an additional 343 shares during the period. InTrack Investment Management Inc’s holdings in International Flavors & Fragrances were worth $1,226,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Van ECK Associates Corp boosted its holdings in shares of International Flavors & Fragrances by 7.8% in the 1st quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock valued at $410,919,000 after buying an additional 344,377 shares in the last quarter. First Pacific Advisors LP raised its position in International Flavors & Fragrances by 2.0% in the 2nd quarter. First Pacific Advisors LP now owns 4,011,307 shares of the specialty chemicals company’s stock valued at $381,917,000 after purchasing an additional 80,558 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in International Flavors & Fragrances by 9.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,895,581 shares of the specialty chemicals company’s stock worth $163,003,000 after purchasing an additional 162,179 shares during the last quarter. Dimensional Fund Advisors LP grew its position in International Flavors & Fragrances by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company’s stock worth $167,244,000 after purchasing an additional 123,693 shares during the last quarter. Finally, Nomura Holdings Inc. grew its position in International Flavors & Fragrances by 139.3% during the 4th quarter. Nomura Holdings Inc. now owns 1,372,685 shares of the specialty chemicals company’s stock worth $111,146,000 after purchasing an additional 798,946 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Up 0.0 %

Shares of NYSE IFF opened at $102.66 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. International Flavors & Fragrances Inc. has a 52 week low of $63.21 and a 52 week high of $105.96. The firm has a 50-day moving average price of $101.33 and a 200 day moving average price of $95.95. The stock has a market capitalization of $26.25 billion, a price-to-earnings ratio of -11.13, a price-to-earnings-growth ratio of 1.82 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the business earned $0.86 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.23 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.60 annualized dividend and a yield of 1.56%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -17.35%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on IFF shares. Morgan Stanley raised their price objective on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 3rd. Oppenheimer raised 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. Citigroup raised their price objective on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Barclays raised their price objective on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, UBS Group reduced their target price on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. One 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $107.43.

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.