International Flavors & Fragrances Inc. $IFF Stake Boosted by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 33.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,355 shares of the specialty chemicals company’s stock after purchasing an additional 7,316 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in International Flavors & Fragrances were worth $1,807,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Eagle Investment Management LLC grew its position in shares of International Flavors & Fragrances by 122.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company’s stock valued at $400,192,000 after buying an additional 2,991,405 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new position in International Flavors & Fragrances in the second quarter valued at approximately $212,090,000. Ameriprise Financial Inc. grew its holdings in shares of International Flavors & Fragrances by 1,842.0% during the second quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company’s stock valued at $183,264,000 after purchasing an additional 2,363,307 shares during the last quarter. Norges Bank bought a new stake in shares of International Flavors & Fragrances in the 2nd quarter worth approximately $152,736,000. Finally, Dodge & Cox boosted its position in International Flavors & Fragrances by 3.8% during the 2nd quarter. Dodge & Cox now owns 35,047,387 shares of the specialty chemicals company’s stock valued at $2,577,735,000 after purchasing an additional 1,272,780 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Up 0.9%

IFF stock opened at $69.58 on Wednesday. The firm’s 50-day moving average is $66.51 and its two-hundred day moving average is $66.95. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $17.82 billion, a price-to-earnings ratio of -42.95, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $88.09.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.02 by $0.03. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.65 billion. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.04 earnings per share. On average, analysts forecast 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 declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 19th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, December 19th. International Flavors & Fragrances’s dividend payout ratio is presently -98.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on IFF shares. UBS Group raised their target price on International Flavors & Fragrances from $68.00 to $71.00 and gave the company a “neutral” rating in a research note on Monday. Argus cut their price objective on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Barclays boosted their target price on shares of International Flavors & Fragrances from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Wall Street Zen raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, January 4th. Finally, Berenberg Bank decreased their price objective on International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating for the company in a report on Monday, September 29th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.19.

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.