Point72 Europe London LLP Raises Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Point72 Europe London LLP lifted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 50.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 627,412 shares of the specialty chemicals company’s stock after acquiring an additional 209,098 shares during the quarter. International Flavors & Fragrances makes up approximately 4.9% of Point72 Europe London LLP’s portfolio, making the stock its largest position. Point72 Europe London LLP owned about 0.25% of International Flavors & Fragrances worth $59,736,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bayesian Capital Management LP bought a new stake in International Flavors & Fragrances during the fourth quarter worth $9,316,000. Clearfield Capital Management LP purchased a new position in shares of International Flavors & Fragrances in the 4th quarter worth about $28,771,000. Price T Rowe Associates Inc. MD grew its position in 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 valued at $140,355,000 after buying an additional 280,069 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in International Flavors & Fragrances by 3.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 68,751 shares of the specialty chemicals company’s stock worth $5,567,000 after buying an additional 2,514 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in International Flavors & Fragrances by 77.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 31,629 shares of the specialty chemicals company’s stock worth $2,561,000 after acquiring an additional 13,786 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

IFF opened at $104.59 on Wednesday. The business’s fifty day simple moving average is $100.08 and its 200 day simple moving average is $94.19. International Flavors & Fragrances Inc. has a 52 week low of $62.28 and a 52 week high of $105.30. 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 (NYSE:IFF) last issued its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the business earned $0.86 earnings per share. The business’s quarterly revenue was down 1.4% on a year-over-year basis. On average, analysts predict that International Flavors & Fragrances Inc. will post 4.23 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders 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 dividend yield of 1.53%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -16.38%.

Wall Street Analysts Forecast Growth

IFF has been the subject of a number of research reports. Stifel Nicolaus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and increased their target price for the company from $95.00 to $115.00 in a research report on Monday, July 22nd. Oppenheimer increased their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. boosted their target price on International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Wells Fargo & Company increased their price target on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. One equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $103.87.

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.