International Flavors & Fragrances Inc. $IFF Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd raised its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 25.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,284 shares of the specialty chemicals company’s stock after purchasing an additional 7,897 shares during the quarter. UniSuper Management Pty Ltd’s holdings in International Flavors & Fragrances were worth $2,418,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of IFF. Dodge & Cox lifted its stake in International Flavors & Fragrances by 3.8% during the 2nd quarter. Dodge & Cox now owns 35,047,387 shares of the specialty chemicals company’s stock worth $2,577,735,000 after acquiring an additional 1,272,780 shares in the last quarter. Vanguard Group Inc. increased its stake in International Flavors & Fragrances by 1.6% during the second quarter. Vanguard Group Inc. now owns 30,880,203 shares of the specialty chemicals company’s stock worth $2,271,239,000 after purchasing an additional 490,163 shares during the period. State Street Corp lifted its position in shares of International Flavors & Fragrances by 3.6% during the second quarter. State Street Corp now owns 10,884,974 shares of the specialty chemicals company’s stock worth $804,753,000 after purchasing an additional 381,593 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of International Flavors & Fragrances by 1.9% in the second quarter. Geode Capital Management LLC now owns 6,459,129 shares of the specialty chemicals company’s stock valued at $473,036,000 after purchasing an additional 123,520 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in International Flavors & Fragrances by 122.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company’s stock worth $400,192,000 after buying an additional 2,991,405 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IFF has been the subject of several recent research reports. Argus raised their price target on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. UBS Group lifted their target price on International Flavors & Fragrances from $68.00 to $71.00 and gave the company a “neutral” rating in a report on Monday, January 12th. BNP Paribas Exane lowered their target price on International Flavors & Fragrances from $91.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. Bank of America increased their price target on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, Wall Street Zen upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, January 4th. Twelve research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.46.

International Flavors & Fragrances Stock Down 1.2%

Shares of NYSE IFF opened at $73.17 on Wednesday. The business has a 50-day moving average of $67.96 and a two-hundred day moving average of $66.68. The company has a market capitalization of $18.74 billion, a price-to-earnings ratio of -45.16, a price-to-earnings-growth ratio of 2.80 and a beta of 1.04. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $88.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.65 billion. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.The business’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.04 EPS. On average, analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were issued a $0.40 dividend. The ex-dividend date was Friday, December 19th. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. International Flavors & Fragrances’s dividend payout ratio is presently -98.77%.

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.