International Flavors & Fragrances Inc. $IFF Stake Raised by Kettle Hill Capital Management LLC

Kettle Hill Capital Management LLC grew its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 77.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 424,747 shares of the specialty chemicals company’s stock after acquiring an additional 184,833 shares during the period. International Flavors & Fragrances comprises about 5.9% of Kettle Hill Capital Management LLC’s holdings, making the stock its 4th largest position. Kettle Hill Capital Management LLC’s holdings in International Flavors & Fragrances were worth $26,139,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Rafferty Asset Management LLC grew its position in International Flavors & Fragrances by 0.7% during the 3rd quarter. Rafferty Asset Management LLC now owns 21,837 shares of the specialty chemicals company’s stock valued at $1,344,000 after purchasing an additional 158 shares during the last quarter. Clearstead Advisors LLC raised its holdings in International Flavors & Fragrances by 6.1% in the third quarter. Clearstead Advisors LLC now owns 3,021 shares of the specialty chemicals company’s stock worth $186,000 after buying an additional 173 shares during the last quarter. Parr Mcknight Wealth Management Group LLC lifted its stake in shares of International Flavors & Fragrances by 0.9% in the third quarter. Parr Mcknight Wealth Management Group LLC now owns 23,129 shares of the specialty chemicals company’s stock worth $1,423,000 after buying an additional 199 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of International Flavors & Fragrances by 1.9% during the third quarter. Central Pacific Bank Trust Division now owns 10,900 shares of the specialty chemicals company’s stock valued at $671,000 after buying an additional 200 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in shares of International Flavors & Fragrances by 2.3% during the third quarter. Truist Financial Corp now owns 9,090 shares of the specialty chemicals company’s stock valued at $559,000 after buying an additional 203 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

IFF has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, January 4th. Barclays lifted their target price on International Flavors & Fragrances from $78.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Bank of America boosted their price target on International Flavors & Fragrances from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. BNP Paribas Exane dropped their price objective on International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on International Flavors & Fragrances from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Thirteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus target price of $90.09.

International Flavors & Fragrances Trading Down 0.6%

Shares of IFF stock opened at $69.58 on Monday. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $84.45. The stock has a market capitalization of $17.78 billion, a P/E ratio of -50.79, a P/E/G ratio of 1.82 and a beta of 0.99. The firm’s 50 day moving average is $74.52 and its 200 day moving average is $68.19.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. International Flavors & Fragrances’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Research analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 20th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, March 20th. International Flavors & Fragrances’s dividend payout ratio is -116.79%.

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.