Brandes Investment Partners LP Buys 1,317 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Brandes Investment Partners LP grew its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,265 shares of the specialty chemicals company’s stock after buying an additional 1,317 shares during the period. Brandes Investment Partners LP’s holdings in International Flavors & Fragrances were worth $4,502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Riverview Trust Co bought a new stake in International Flavors & Fragrances during the 1st quarter worth approximately $27,000. Quent Capital LLC increased its holdings in shares of International Flavors & Fragrances by 183.2% in the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 240 shares during the period. Family Firm Inc. purchased a new stake in shares of International Flavors & Fragrances in the second quarter worth $38,000. MCF Advisors LLC boosted its stake in International Flavors & Fragrances by 1,856.0% during the second quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 464 shares during the period. Finally, Headlands Technologies LLC purchased a new position in International Flavors & Fragrances during the second quarter worth about $48,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on IFF shares. Citigroup lifted their price target 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. Stifel Nicolaus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and increased their price target for the stock from $95.00 to $115.00 in a report on Monday, July 22nd. Oppenheimer raised their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Wells Fargo & Company increased their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Finally, UBS Group dropped their price target on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Hold” and a consensus target price of $103.87.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $104.93 on Tuesday. The stock has a market capitalization of $26.79 billion, a P/E ratio of -10.74, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22. International Flavors & Fragrances Inc. has a one year low of $62.28 and a one year high of $105.96. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75. The business’s 50 day simple moving average is $100.71 and its two-hundred day simple moving average is $94.84.

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. 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 during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the prior year, the company posted $0.86 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts forecast that International Flavors & Fragrances Inc. will post 4.23 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 20th will be issued 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 yield of 1.52%. International Flavors & Fragrances’s dividend payout ratio is presently -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.