International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 4.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,201 shares of the specialty chemicals company’s stock after selling 1,070 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in International Flavors & Fragrances were worth $2,114,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Riverview Trust Co acquired a new stake in International Flavors & Fragrances in the 1st quarter valued at about $27,000. Quent Capital LLC increased its holdings in shares of International Flavors & Fragrances by 183.2% in the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 240 shares during the last quarter. Family Firm Inc. purchased a new position in International Flavors & Fragrances during the second quarter worth approximately $38,000. Principal Securities Inc. purchased a new stake in International Flavors & Fragrances in the 4th quarter valued at $43,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of International Flavors & Fragrances in the 1st quarter worth $44,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Trading Down 0.1 %

IFF opened at $103.31 on Friday. The business’s 50-day simple moving average is $99.61 and its 200-day simple moving average is $93.35. The company has a market cap of $26.38 billion, a P/E ratio of -10.57, a PEG ratio of 1.85 and a beta of 1.22. International Flavors & Fragrances Inc. has a one year low of $62.28 and a one year high of $105.30. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.15. The business had revenue of $2.89 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%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS. As a group, equities research analysts expect that International Flavors & Fragrances Inc. will post 4.23 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.55%. International Flavors & Fragrances’s dividend payout ratio is presently -16.38%.

Analysts Set New Price Targets

Several analysts have recently weighed in on IFF shares. JPMorgan Chase & Co. increased their price target on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Stifel Nicolaus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their target price for the company from $95.00 to $115.00 in a research report on Monday, July 22nd. Oppenheimer upped their price target on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. UBS Group reduced their price objective on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Finally, Morgan Stanley increased their target price on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $103.87.

International Flavors & Fragrances Company 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.