Greenleaf Trust Grows Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Greenleaf Trust grew its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,671 shares of the specialty chemicals company’s stock after purchasing an additional 277 shares during the period. Greenleaf Trust’s holdings in International Flavors & Fragrances were worth $1,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in International Flavors & Fragrances by 23.6% in the first quarter. BNP Paribas Financial Markets now owns 263,720 shares of the specialty chemicals company’s stock worth $22,677,000 after purchasing an additional 50,405 shares during the period. Norden Group LLC grew its position in shares of International Flavors & Fragrances by 313.1% during the 1st quarter. Norden Group LLC now owns 10,678 shares of the specialty chemicals company’s stock worth $919,000 after buying an additional 8,093 shares in the last quarter. Sei Investments Co. grew its position in shares of International Flavors & Fragrances by 55.4% during the 1st quarter. Sei Investments Co. now owns 101,015 shares of the specialty chemicals company’s stock worth $8,686,000 after buying an additional 36,026 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of International Flavors & Fragrances by 8.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 650,879 shares of the specialty chemicals company’s stock worth $55,969,000 after buying an additional 49,614 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of International Flavors & Fragrances during the 1st quarter worth $1,115,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Down 1.4 %

Shares of NYSE:IFF opened at $102.45 on Friday. The business has a 50-day moving average price of $102.83 and a 200-day moving average price of $97.09. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The stock has a market cap of $26.16 billion, a price-to-earnings ratio of -10.49, a PEG ratio of 1.82 and a beta of 1.22. International Flavors & Fragrances Inc. has a 52-week low of $63.21 and a 52-week high of $106.77.

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

International Flavors & Fragrances Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on IFF shares. JPMorgan Chase & Co. increased their price target on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Wells Fargo & Company raised their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Stifel Nicolaus raised their price objective on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday. Barclays raised their price objective on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, Citigroup raised their price objective on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $107.86.

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.