International Flavors & Fragrances Inc. $IFF Shares Acquired by Icahn Carl C

Icahn Carl C lifted its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 26.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,750,000 shares of the specialty chemicals company’s stock after buying an additional 1,000,000 shares during the period. International Flavors & Fragrances makes up 3.2% of Icahn Carl C’s investment portfolio, making the stock its 6th largest holding. Icahn Carl C owned about 1.85% of International Flavors & Fragrances worth $292,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of International Flavors & Fragrances by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock worth $2,042,000 after purchasing an additional 1,335 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of International Flavors & Fragrances by 15.7% in the 1st quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock valued at $309,000 after purchasing an additional 539 shares during the period. Empowered Funds LLC grew its stake in International Flavors & Fragrances by 71.5% during the 1st quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock worth $811,000 after buying an additional 4,358 shares during the last quarter. Focus Partners Wealth increased its position in International Flavors & Fragrances by 25.5% during the first quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock worth $584,000 after buying an additional 1,530 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 210 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $69.58 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $84.45. The business has a fifty day moving average of $74.52 and a two-hundred day moving average of $68.19. The company has a market cap of $17.78 billion, a P/E ratio of -50.79, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.05). The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 earnings per share. As a group, analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, March 20th. International Flavors & Fragrances’s payout ratio is -116.79%.

Analyst Ratings Changes

Several research firms have recently weighed in on IFF. Berenberg Bank decreased their price objective on International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating for the company in a report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of International Flavors & Fragrances from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Wall Street Zen upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, January 4th. Finally, Wells Fargo & Company increased their target price on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.09.

International Flavors & Fragrances Profile

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.