Daiwa Securities Group Inc. Boosts Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Daiwa Securities Group Inc. raised its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 79.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,800 shares of the specialty chemicals company’s stock after purchasing an additional 22,026 shares during the quarter. Daiwa Securities Group Inc.’s holdings in International Flavors & Fragrances were worth $5,225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IFF. Alpha DNA Investment Management LLC purchased a new stake in shares of International Flavors & Fragrances in the third quarter valued at approximately $791,000. Larson Financial Group LLC boosted its position in shares of International Flavors & Fragrances by 40.6% during the 3rd quarter. Larson Financial Group LLC now owns 3,232 shares of the specialty chemicals company’s stock worth $339,000 after purchasing an additional 933 shares in the last quarter. Cerity Partners LLC grew its stake in shares of International Flavors & Fragrances by 75.4% during the 3rd quarter. Cerity Partners LLC now owns 18,820 shares of the specialty chemicals company’s stock worth $1,975,000 after purchasing an additional 8,089 shares during the period. Waddell & Associates LLC increased its holdings in shares of International Flavors & Fragrances by 23.9% in the 3rd quarter. Waddell & Associates LLC now owns 4,526 shares of the specialty chemicals company’s stock valued at $475,000 after purchasing an additional 872 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of International Flavors & Fragrances by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock valued at $157,271,000 after purchasing an additional 16,590 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the transaction, the insider now owns 3,238 shares in the company, valued at $297,086.50. This trade represents a 60.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. UBS Group raised their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Oppenheimer boosted their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their price target for the company from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Finally, Barclays boosted their price objective on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.27.

International Flavors & Fragrances Stock Down 0.0 %

Shares of NYSE IFF opened at $90.88 on Wednesday. The firm’s 50 day moving average price is $99.07 and its 200 day moving average price is $98.33. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The firm has a market cap of $23.24 billion, a P/E ratio of -10.00, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. International Flavors & Fragrances Inc. has a 1 year low of $72.94 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the firm earned $0.89 EPS. International Flavors & Fragrances’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. International Flavors & Fragrances’s dividend payout ratio is presently -17.60%.

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.