Cwm LLC Has $686,000 Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Cwm LLC lifted its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,540 shares of the specialty chemicals company’s stock after acquiring an additional 109 shares during the quarter. Cwm LLC’s holdings in International Flavors & Fragrances were worth $686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Summit Trail Advisors LLC increased its stake in shares of International Flavors & Fragrances by 5.0% in the second quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company’s stock worth $236,000 after acquiring an additional 117 shares during the last quarter. State of Alaska Department of Revenue increased its position in International Flavors & Fragrances by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 27,696 shares of the specialty chemicals company’s stock worth $2,381,000 after buying an additional 130 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in International Flavors & Fragrances by 18.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 863 shares of the specialty chemicals company’s stock worth $82,000 after buying an additional 132 shares during the last quarter. Orca Investment Management LLC boosted its holdings in International Flavors & Fragrances by 0.8% during the second quarter. Orca Investment Management LLC now owns 21,144 shares of the specialty chemicals company’s stock valued at $2,013,000 after acquiring an additional 158 shares during the period. Finally, Ballentine Partners LLC boosted its holdings in International Flavors & Fragrances by 4.1% during the first quarter. Ballentine Partners LLC now owns 4,755 shares of the specialty chemicals company’s stock valued at $409,000 after acquiring an additional 189 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on IFF shares. Wells Fargo & Company upped their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Morgan Stanley increased their target price on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 3rd. Barclays increased their target price on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. increased their target price 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. Finally, Stifel Nicolaus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their price target for the stock from $95.00 to $115.00 in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.43.

International Flavors & Fragrances Price Performance

Shares of IFF stock opened at $104.49 on Friday. International Flavors & Fragrances Inc. has a 52-week low of $63.21 and a 52-week high of $106.77. The stock has a market cap of $26.68 billion, a PE ratio of -10.69, a PEG ratio of 1.82 and a beta of 1.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38. The firm’s 50 day moving average price is $102.31 and its two-hundred day moving average price is $96.55.

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, 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 firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the firm earned $0.86 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, analysts forecast that International Flavors & Fragrances Inc. will post 4.23 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was 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 is -16.38%.

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.