International Flavors & Fragrances Inc. (NYSE:IFF) Stock Holdings Increased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 615,006 shares of the specialty chemicals company’s stock after buying an additional 7,553 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.24% of International Flavors & Fragrances worth $64,533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IFF. Apollon Wealth Management LLC increased its stake in shares of International Flavors & Fragrances by 31.1% in the third quarter. Apollon Wealth Management LLC now owns 5,397 shares of the specialty chemicals company’s stock worth $566,000 after acquiring an additional 1,281 shares during the last quarter. Venturi Wealth Management LLC increased its position in International Flavors & Fragrances by 40.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 989 shares of the specialty chemicals company’s stock worth $104,000 after purchasing an additional 287 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth about $48,000. Axxcess Wealth Management LLC acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at about $215,000. Finally, Assetmark Inc. grew its stake in shares of International Flavors & Fragrances by 6.4% in the 3rd quarter. Assetmark Inc. now owns 11,839 shares of the specialty chemicals company’s stock valued at $1,242,000 after buying an additional 710 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on IFF. Barclays lifted their target price on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research note on Thursday, November 7th. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $111.00 to $110.00 in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Finally, Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $109.00 to $120.00 in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average target price of $109.27.

Insider Activity

In related news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares in the company, valued at $297,086.50. This trade represents a 60.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $89.37 on Friday. The company’s fifty day moving average is $101.09 and its two-hundred day moving average is $98.23. International Flavors & Fragrances Inc. has a 52-week low of $72.89 and a 52-week high of $106.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The firm has a market capitalization of $22.85 billion, a price-to-earnings ratio of -9.83, a P/E/G ratio of 1.57 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.19 EPS for the current year.

International Flavors & Fragrances Announces Dividend

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 is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.79%. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

International Flavors & Fragrances Company 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.