Zurcher Kantonalbank Zurich Cantonalbank Increases Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 23.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,616 shares of the specialty chemicals company’s stock after purchasing an additional 23,388 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in International Flavors & Fragrances were worth $9,928,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC lifted its stake in shares of International Flavors & Fragrances by 3,000.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 300 shares in the last quarter. Clear Street Markets LLC bought a new position in International Flavors & Fragrances during the fourth quarter valued at approximately $27,000. Penserra Capital Management LLC bought a new stake in International Flavors & Fragrances in the 4th quarter worth approximately $31,000. Covestor Ltd raised its stake in International Flavors & Fragrances by 48.8% during the 1st quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 80 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of International Flavors & Fragrances during the 4th quarter valued at $41,000. Institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Citigroup upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and upped their price objective for the company from $81.00 to $100.00 in a research report on Wednesday, April 10th. Stifel Nicolaus reduced their price target on shares of International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, February 21st. Wolfe Research initiated coverage on shares of International Flavors & Fragrances in a report on Friday, March 1st. They issued an “underperform” rating on the stock. Mizuho increased their price target on shares of International Flavors & Fragrances from $83.00 to $91.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $86.35.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $83.97 on Friday. International Flavors & Fragrances Inc. has a 12 month low of $62.11 and a 12 month high of $97.49. The stock has a 50 day moving average of $81.62 and a 200 day moving average of $77.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the firm posted $0.97 EPS. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. As a group, equities analysts expect that International Flavors & Fragrances Inc. will post 3.69 EPS for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.91%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -15.94%.

International Flavors & Fragrances 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.