10,599 Shares in International Flavors & Fragrances Inc. (NYSE:IFF) Purchased by Maverick Capital Ltd.

Maverick Capital Ltd. acquired a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,599 shares of the specialty chemicals company’s stock, valued at approximately $1,009,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. increased its position in International Flavors & Fragrances by 16.6% during the 4th quarter. Franklin Resources Inc. now owns 45,311 shares of the specialty chemicals company’s stock valued at $3,669,000 after buying an additional 6,460 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of International Flavors & Fragrances by 45.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 18,621 shares of the specialty chemicals company’s stock valued at $1,508,000 after acquiring an additional 5,798 shares in the last quarter. US Bancorp DE raised its position in shares of International Flavors & Fragrances by 18.4% in the 4th quarter. US Bancorp DE now owns 25,191 shares of the specialty chemicals company’s stock worth $2,040,000 after purchasing an additional 3,921 shares during the last quarter. Advisory Services Network LLC bought a new position in International Flavors & Fragrances in the 4th quarter worth about $217,000. Finally, Parallel Advisors LLC grew its position in International Flavors & Fragrances by 3.9% during the 4th quarter. Parallel Advisors LLC now owns 3,679 shares of the specialty chemicals company’s stock valued at $298,000 after purchasing an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IFF. Wells Fargo & Company upped their target price on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Stifel Nicolaus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their target price for the stock from $95.00 to $115.00 in a report on Monday, July 22nd. Citigroup increased 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. Finally, JPMorgan Chase & Co. lifted their price objective on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $103.87.

International Flavors & Fragrances Stock Performance

IFF opened at $105.12 on Friday. The company’s 50 day moving average is $100.57 and its 200 day moving average is $94.59. 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 market cap of $26.84 billion, a price-to-earnings ratio of -10.76, a PEG ratio of 1.85 and a beta of 1.22. International Flavors & Fragrances Inc. has a 12-month low of $62.28 and a 12-month high of $105.61.

International Flavors & Fragrances (NYSE:IFF) last issued 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 during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities research analysts predict that International Flavors & Fragrances Inc. will post 4.23 EPS for the current 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 $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -16.38%.

International Flavors & Fragrances Company 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.