7,284 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,284 shares of the specialty chemicals company’s stock, valued at approximately $694,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IFF. Teachers Retirement System of The State of Kentucky boosted its stake in International Flavors & Fragrances by 510.5% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 140,038 shares of the specialty chemicals company’s stock valued at $11,339,000 after acquiring an additional 117,098 shares during the period. Integrated Advisors Network LLC boosted its position in International Flavors & Fragrances by 15.2% during the 4th quarter. Integrated Advisors Network LLC now owns 4,392 shares of the specialty chemicals company’s stock valued at $356,000 after purchasing an additional 579 shares during the period. Wahed Invest LLC grew its stake in International Flavors & Fragrances by 10.0% during the 4th quarter. Wahed Invest LLC now owns 4,357 shares of the specialty chemicals company’s stock worth $353,000 after buying an additional 397 shares during the last quarter. Nomura Holdings Inc. increased its position in International Flavors & Fragrances by 139.3% in the fourth quarter. Nomura Holdings Inc. now owns 1,372,685 shares of the specialty chemicals company’s stock worth $111,146,000 after buying an additional 798,946 shares during the period. Finally, Centre Asset Management LLC bought a new stake in International Flavors & Fragrances in the first quarter valued at $11,203,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $102.66 on Monday. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $101.33 and a 200-day moving average of $96.03. International Flavors & Fragrances Inc. has a twelve month low of $63.21 and a twelve month high of $105.96. The firm has a market cap of $26.21 billion, a price-to-earnings ratio of -10.51, a price-to-earnings-growth ratio of 1.82 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. Analysts forecast that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is -16.38%.

Analyst Upgrades and Downgrades

IFF has been the topic of a number of analyst reports. Citigroup increased their price objective on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Wells Fargo & Company lifted their price target on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $109.00 to $120.00 in a report on Tuesday, September 3rd. Stifel Nicolaus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their target price for the company from $95.00 to $115.00 in a research report on Monday, July 22nd. Finally, UBS Group reduced their price target on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average price target of $107.43.

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.