Lindbrook Capital LLC Raises Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Lindbrook Capital LLC grew its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 212.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,919 shares of the specialty chemicals company’s stock after acquiring an additional 1,305 shares during the quarter. Lindbrook Capital LLC’s holdings in International Flavors & Fragrances were worth $155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Winder Pte. Ltd. purchased a new stake in shares of International Flavors & Fragrances in the third quarter valued at $1,728,544,000. Nordea Investment Management AB lifted its position in shares of International Flavors & Fragrances by 16.3% in the third quarter. Nordea Investment Management AB now owns 5,672,776 shares of the specialty chemicals company’s stock valued at $388,358,000 after acquiring an additional 795,797 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of International Flavors & Fragrances by 34.0% in the third quarter. Van ECK Associates Corp now owns 3,927,108 shares of the specialty chemicals company’s stock valued at $267,711,000 after acquiring an additional 996,629 shares in the last quarter. First Pacific Advisors LP lifted its position in International Flavors & Fragrances by 15.8% during the third quarter. First Pacific Advisors LP now owns 3,893,127 shares of the specialty chemicals company’s stock worth $265,394,000 after buying an additional 530,595 shares during the period. Finally, Northern Trust Corp lifted its position in International Flavors & Fragrances by 6.1% during the third quarter. Northern Trust Corp now owns 3,119,754 shares of the specialty chemicals company’s stock worth $212,674,000 after buying an additional 179,894 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Trading Up 0.6 %

IFF stock opened at $85.44 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63. International Flavors & Fragrances Inc. has a 1 year low of $62.11 and a 1 year high of $97.49. The stock has a 50-day simple moving average of $81.81 and a 200-day simple moving average of $77.83.

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

International Flavors & Fragrances Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were paid 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 1.87%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -15.94%.

Analysts Set New Price Targets

IFF has been the topic of several recent analyst reports. Morgan Stanley increased their target price on International Flavors & Fragrances from $89.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. UBS Group increased their target price on International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Citigroup upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and increased their target price for the stock from $81.00 to $100.00 in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft increased their target price on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Finally, Barclays upgraded International Flavors & Fragrances from an “underweight” rating to an “equal weight” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $86.35.

About International Flavors & Fragrances

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.