Mn Services Vermogensbeheer B.V. Cuts Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Mn Services Vermogensbeheer B.V. reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,851 shares of the specialty chemicals company’s stock after selling 2,500 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in International Flavors & Fragrances were worth $10,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. First Pacific Advisors LP grew its holdings in International Flavors & Fragrances by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 4,011,307 shares of the specialty chemicals company’s stock valued at $381,917,000 after buying an additional 80,558 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of International Flavors & Fragrances by 9.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,895,581 shares of the specialty chemicals company’s stock valued at $163,003,000 after acquiring an additional 162,179 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of International Flavors & Fragrances by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company’s stock valued at $167,244,000 after acquiring an additional 123,693 shares during the last quarter. Albar Capital Ltd boosted its position in shares of International Flavors & Fragrances by 73.5% during the 2nd quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock valued at $109,133,000 after acquiring an additional 485,433 shares during the last quarter. Finally, Ilex Capital Partners UK LLP boosted its position in shares of International Flavors & Fragrances by 344.5% during the 1st quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock valued at $72,877,000 after acquiring an additional 656,820 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Performance

IFF stock opened at $99.10 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $102.97 and its two-hundred day simple moving average is $98.06. International Flavors & Fragrances Inc. has a twelve month low of $69.73 and a twelve month high of $106.77. The firm has a market cap of $25.34 billion, a price-to-earnings ratio of -10.75, a PEG ratio of 1.76 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the business earned $0.86 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts predict that International Flavors & Fragrances Inc. will post 4.24 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -17.35%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Barclays increased their target price on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their target price for the company from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Stifel Nicolaus raised their price target on International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Citigroup raised their price target on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Wells Fargo & Company raised their price target on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus price target of $107.86.

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.