Empirical Finance LLC Takes Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Empirical Finance LLC acquired a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,625 shares of the specialty chemicals company’s stock, valued at approximately $243,000.

Several other large investors also recently modified their holdings of the company. Auxano Advisors LLC lifted its position in shares of International Flavors & Fragrances by 5.6% in the second quarter. Auxano Advisors LLC now owns 1,642 shares of the specialty chemicals company’s stock valued at $245,000 after acquiring an additional 87 shares in the last quarter. RMR Wealth Builders boosted its stake in International Flavors & Fragrances by 8.0% in the 1st quarter. RMR Wealth Builders now owns 1,189 shares of the specialty chemicals company’s stock worth $166,000 after buying an additional 88 shares during the last quarter. Taylor Cottrill Erickson & Associates Inc. grew its holdings in International Flavors & Fragrances by 0.6% in the 2nd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 18,145 shares of the specialty chemicals company’s stock valued at $2,711,000 after buying an additional 100 shares during the period. GWM Advisors LLC increased its stake in shares of International Flavors & Fragrances by 4.8% during the 2nd quarter. GWM Advisors LLC now owns 2,201 shares of the specialty chemicals company’s stock valued at $329,000 after acquiring an additional 100 shares during the last quarter. Finally, Wealth Alliance boosted its position in shares of International Flavors & Fragrances by 3.3% in the first quarter. Wealth Alliance now owns 3,374 shares of the specialty chemicals company’s stock worth $471,000 after acquiring an additional 107 shares during the last quarter. Institutional investors and hedge funds own 90.85% of the company’s stock.

International Flavors & Fragrances stock opened at $143.12 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.19 and a current ratio of 1.95. The firm has a market cap of $35.65 billion, a price-to-earnings ratio of 117.31, a price-to-earnings-growth ratio of 2.37 and a beta of 0.96. International Flavors & Fragrances Inc. has a 1 year low of $99.54 and a 1 year high of $157.08. The firm’s 50 day moving average price is $149.43 and its two-hundred day moving average price is $144.61.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Thursday, August 5th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.50. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $2.99 billion. International Flavors & Fragrances had a net margin of 1.71% and a return on equity of 7.32%. As a group, equities analysts predict that International Flavors & Fragrances Inc. will post 5.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 5th. Shareholders of record on Friday, September 24th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 2.21%. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Thursday, September 23rd. International Flavors & Fragrances’s payout ratio is presently 54.04%.

IFF has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of International Flavors & Fragrances from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, August 9th. Redburn Partners began coverage on shares of International Flavors & Fragrances in a research note on Tuesday, July 20th. They issued a “buy” rating and a $140.11 price target for the company. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $149.56.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products. It operates through the following segments: Taste and Scent. The Taste segment is sold to the food and beverage industries for use in consumer products such as prepared foods, beverages, dairy, food, and sweet products.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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