Nissay Asset Management Corp Japan ADV Acquires 326 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Nissay Asset Management Corp Japan ADV boosted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,981 shares of the specialty chemicals company’s stock after acquiring an additional 326 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in International Flavors & Fragrances were worth $2,621,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Dodge & Cox lifted its position in shares of International Flavors & Fragrances by 11.9% in the 4th quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock worth $2,658,063,000 after purchasing an additional 3,355,381 shares during the period. Vanguard Group Inc. lifted its position in shares of International Flavors & Fragrances by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company’s stock worth $2,554,996,000 after purchasing an additional 164,945 shares during the period. Freemont Capital Pte Ltd acquired a new position in shares of International Flavors & Fragrances in the 4th quarter worth approximately $2,143,882,000. Geode Capital Management LLC lifted its position in shares of International Flavors & Fragrances by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company’s stock worth $520,032,000 after purchasing an additional 157,948 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of International Flavors & Fragrances by 41.6% in the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock worth $478,912,000 after purchasing an additional 1,663,629 shares during the period. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Stock Up 2.0%

International Flavors & Fragrances stock opened at $77.68 on Friday. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77. The firm has a market capitalization of $19.87 billion, a price-to-earnings ratio of 82.64, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. The firm’s fifty day moving average price is $75.89 and its two-hundred day moving average price is $82.66. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the firm earned $1.13 earnings per share. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -48.93%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Mehmood Khan purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The shares were bought at an average cost of $75.33 per share, with a total value of $301,320.00. Following the completion of the transaction, the director now directly owns 4,604 shares of the company’s stock, valued at approximately $346,819.32. This trade represents a 662.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin O’byrne purchased 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares of the company’s stock, valued at $522,860. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 11,200 shares of company stock valued at $875,980. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on IFF shares. Mizuho dropped their price target on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Barclays upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $76.00 to $84.00 in a research report on Thursday, May 8th. JPMorgan Chase & Co. dropped their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Oppenheimer dropped their target price on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company dropped their target price on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.54.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.