Van ECK Associates Corp Grows Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Van ECK Associates Corp lifted its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,434,301 shares of the specialty chemicals company’s stock after purchasing an additional 507,193 shares during the quarter. Van ECK Associates Corp owned about 1.74% of International Flavors & Fragrances worth $359,045,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Alliance Wealth Advisors LLC UT grew its holdings in shares of International Flavors & Fragrances by 3.2% during the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 4,840 shares of the specialty chemicals company’s stock worth $330,000 after purchasing an additional 148 shares during the period. Federated Hermes Inc. boosted its stake in International Flavors & Fragrances by 9.7% during the third quarter. Federated Hermes Inc. now owns 1,712 shares of the specialty chemicals company’s stock worth $117,000 after buying an additional 152 shares during the period. IFG Advisory LLC increased its position in shares of International Flavors & Fragrances by 4.0% during the fourth quarter. IFG Advisory LLC now owns 4,000 shares of the specialty chemicals company’s stock valued at $324,000 after acquiring an additional 155 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of International Flavors & Fragrances by 21.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 901 shares of the specialty chemicals company’s stock valued at $73,000 after acquiring an additional 157 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its position in shares of International Flavors & Fragrances by 3.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 4,388 shares of the specialty chemicals company’s stock worth $299,000 after purchasing an additional 161 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Up 1.4 %

Shares of NYSE IFF traded up $1.15 during midday trading on Monday, hitting $85.76. 1,702,655 shares of the company’s stock were exchanged, compared to its average volume of 2,105,643. The firm’s fifty day simple moving average is $82.15 and its 200-day simple moving average is $78.40. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02. The company has a market cap of $21.90 billion, a PE ratio of -8.54, a P/E/G ratio of 1.89 and a beta of 1.23. International Flavors & Fragrances Inc. has a twelve month low of $62.11 and a twelve month high of $97.49.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.70 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. Research analysts predict that International Flavors & Fragrances Inc. will post 3.68 EPS for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, March 21st. International Flavors & Fragrances’s payout ratio is -15.94%.

Analyst Ratings Changes

Several research firms have recently commented on IFF. Argus lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Morgan Stanley lifted their target price on International Flavors & Fragrances from $89.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, March 27th. Barclays upgraded shares of International Flavors & Fragrances from an “underweight” rating to an “equal weight” rating in a research note on Thursday, April 18th. Stifel Nicolaus dropped their price objective on shares of International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating for the company in a report on Wednesday, February 21st. Finally, Mizuho increased their target price on shares of International Flavors & Fragrances from $83.00 to $91.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $86.35.

International Flavors & Fragrances 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.