Locust Wood Capital Advisers LLC Acquires Shares of 9,815 International Flavors & Fragrances Inc. $IFF

Locust Wood Capital Advisers LLC bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,815 shares of the specialty chemicals company’s stock, valued at approximately $604,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in International Flavors & Fragrances by 7.6% in the 2nd quarter. Blue Trust Inc. now owns 2,184 shares of the specialty chemicals company’s stock worth $161,000 after purchasing an additional 155 shares during the period. UMB Bank n.a. increased its position in shares of International Flavors & Fragrances by 17.3% in the second quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company’s stock valued at $95,000 after buying an additional 190 shares in the last quarter. Eastern Bank raised its stake in shares of International Flavors & Fragrances by 43.9% during the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after buying an additional 193 shares during the period. State of Michigan Retirement System lifted its position in shares of International Flavors & Fragrances by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 69,515 shares of the specialty chemicals company’s stock valued at $5,113,000 after buying an additional 200 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its stake in International Flavors & Fragrances by 1.9% in the 3rd quarter. Central Pacific Bank Trust Division now owns 10,900 shares of the specialty chemicals company’s stock valued at $671,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IFF. BNP Paribas Exane reduced their price objective on shares of International Flavors & Fragrances from $91.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, January 13th. UBS Group boosted their target price on shares of International Flavors & Fragrances from $68.00 to $71.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Barclays raised their price target on shares of International Flavors & Fragrances from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Citigroup boosted their price objective on International Flavors & Fragrances from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Bank of America raised their target price on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $85.83.

International Flavors & Fragrances Price Performance

NYSE:IFF opened at $71.23 on Thursday. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $88.09. The stock has a market cap of $18.24 billion, a PE ratio of -43.97, a P/E/G ratio of 2.66 and a beta of 1.04. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.44. The stock has a 50 day moving average price of $67.40 and a 200 day moving average price of $66.82.

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

International Flavors & Fragrances Dividend Announcement

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

About International Flavors & Fragrances

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.