International Flavors & Fragrances Inc. $IFF Stock Position Lifted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 635,084 shares of the specialty chemicals company’s stock after buying an additional 30,022 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.25% of International Flavors & Fragrances worth $39,083,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IFF. First Eagle Investment Management LLC increased its stake in shares of International Flavors & Fragrances by 122.1% in the second quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company’s stock worth $400,192,000 after acquiring an additional 2,991,405 shares during the last quarter. Ilex Capital Partners UK LLP purchased a new position in International Flavors & Fragrances in the second quarter valued at about $212,090,000. Ameriprise Financial Inc. increased its position in International Flavors & Fragrances by 1,842.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company’s stock worth $183,264,000 after purchasing an additional 2,363,307 shares during the last quarter. Norges Bank purchased a new stake in shares of International Flavors & Fragrances during the 2nd quarter worth about $152,736,000. Finally, Dodge & Cox lifted its holdings in shares of International Flavors & Fragrances by 3.8% during the 2nd quarter. Dodge & Cox now owns 35,047,387 shares of the specialty chemicals company’s stock valued at $2,577,735,000 after buying an additional 1,272,780 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Up 1.3%

IFF stock opened at $71.73 on Friday. The stock has a market capitalization of $18.37 billion, a price-to-earnings ratio of -44.28, a price-to-earnings-growth ratio of 2.66 and a beta of 1.04. The company has a 50-day moving average of $66.99 and a two-hundred day moving average of $66.99. International Flavors & Fragrances Inc. has a 52-week low of $59.14 and a 52-week high of $88.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.03. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the firm earned $1.04 EPS. The firm’s revenue was down 7.9% compared to the same quarter last year. As a group, equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, December 19th. International Flavors & Fragrances’s dividend payout ratio is currently -98.77%.

Analyst Ratings Changes

Several equities analysts recently weighed in on IFF shares. Argus cut their price objective on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Berenberg Bank dropped their price target on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a research note on Monday, September 29th. Mizuho reduced their price objective on shares of International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. BNP Paribas Exane lowered their target price on shares of International Flavors & Fragrances from $91.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Morgan Stanley reduced their price target on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, September 22nd. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.49.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.