Albar Capital Ltd Has $109.13 Million Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Albar Capital Ltd boosted its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 73.5% during the 2nd quarter, Holdings Channel reports. The firm owned 1,146,234 shares of the specialty chemicals company’s stock after buying an additional 485,433 shares during the quarter. International Flavors & Fragrances makes up about 16.7% of Albar Capital Ltd’s holdings, making the stock its biggest position. Albar Capital Ltd’s holdings in International Flavors & Fragrances were worth $109,133,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nomura Holdings Inc. raised its position in shares of International Flavors & Fragrances by 139.3% during the 4th quarter. Nomura Holdings Inc. now owns 1,372,685 shares of the specialty chemicals company’s stock valued at $111,146,000 after buying an additional 798,946 shares in the last quarter. Ilex Capital Partners UK LLP lifted its stake in shares of International Flavors & Fragrances by 344.5% in the 1st quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock valued at $72,877,000 after purchasing an additional 656,820 shares during the last quarter. Clearfield Capital Management LP bought a new stake in International Flavors & Fragrances during the 4th quarter valued at about $28,771,000. Van ECK Associates Corp grew its stake in International Flavors & Fragrances by 7.8% in the 1st quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock worth $410,919,000 after acquiring an additional 344,377 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of International Flavors & Fragrances by 19.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,733,402 shares of the specialty chemicals company’s stock worth $140,355,000 after acquiring an additional 280,069 shares during the period. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup boosted their price target on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a report on Friday, July 12th. Morgan Stanley lifted their price objective on International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a report on Wednesday, July 3rd. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. UBS Group cut their target price on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Finally, Wells Fargo & Company increased their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $103.87.

International Flavors & Fragrances Stock Up 1.1 %

NYSE IFF opened at $104.59 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75. The stock’s fifty day moving average price is $100.08 and its 200 day moving average price is $94.19. International Flavors & Fragrances Inc. has a 1 year low of $62.28 and a 1 year high of $105.30.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the business posted $0.86 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, analysts anticipate that International Flavors & Fragrances Inc. will post 4.23 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s payout ratio is -16.38%.

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.