International Flavors & Fragrances Inc. (NYSE:IFF) Stock Holdings Lowered by Easterly Investment Partners LLC

Easterly Investment Partners LLC lowered its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 18.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 19,430 shares of the specialty chemicals company’s stock after selling 4,506 shares during the period. Easterly Investment Partners LLC’s holdings in International Flavors & Fragrances were worth $2,039,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Sei Investments Co. lifted its stake in International Flavors & Fragrances by 55.4% during the first quarter. Sei Investments Co. now owns 101,015 shares of the specialty chemicals company’s stock valued at $8,686,000 after buying an additional 36,026 shares in the last quarter. Quantbot Technologies LP acquired a new position in International Flavors & Fragrances in the first quarter worth approximately $1,115,000. Kimelman & Baird LLC acquired a new position in International Flavors & Fragrances in the second quarter worth approximately $868,000. GM Advisory Group LLC acquired a new position in International Flavors & Fragrances in the second quarter worth approximately $686,000. Finally, CANADA LIFE ASSURANCE Co increased its holdings in International Flavors & Fragrances by 9.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 255,849 shares of the specialty chemicals company’s stock worth $22,002,000 after buying an additional 22,398 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

NYSE:IFF traded up $1.86 during trading hours on Friday, hitting $92.82. The company’s stock had a trading volume of 1,100,790 shares, compared to its average volume of 1,667,982. The stock has a fifty day simple moving average of $102.40 and a 200-day simple moving average of $98.04. The company has a market capitalization of $23.73 billion, a P/E ratio of -9.87, a PEG ratio of 1.77 and a beta of 1.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75. International Flavors & Fragrances Inc. has a twelve month low of $69.73 and a twelve month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46). The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. International Flavors & Fragrances’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 earnings per share. On average, analysts anticipate that International Flavors & Fragrances Inc. will post 4.24 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 annualized dividend and a yield of 1.72%. International Flavors & Fragrances’s dividend payout ratio is presently -17.35%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Citigroup upped their target price on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. UBS Group increased their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday. Stifel Nicolaus increased their price objective on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. reduced their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.80.

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.