1 week Ago By ABMN Staff
National Bank of Canada FI grew its position in shares of International Flavors & Fragrances Inc. ( NYSE:IFF – Free Report ) by 17.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 96,030 shares of the specialty chemicals company’s stock after purchasing an additional 14,578 shares during the period. National Bank of Canada FI’s holdings in International Flavors & Fragrances were worth $8,943,000 at the end of the most recent reporting period. Several other large investors have also recently made changes to their positions in IFF.
TD Asset Management Inc increased its stake in International Flavors & Fragrances by 4.0% in the 2nd quarter. TD Asset Management Inc now owns 95,920 shares of the specialty chemicals company’s stock worth $9,133,000 after acquiring an additional 3,657 shares during the last quarter.
Larson Financial Group LLC raised its stake in International Flavors & Fragrances by 346.4% during the second quarter. Larson Financial Group LLC now owns 2,299 shares of the specialty chemicals company’s stock valued at $219,000 after purchasing an additional 1,784 shares in the last quarter.
Novare Capital Management LLC bought a new position in International Flavors & Fragrances during the second quarter valued at $214,000. Natixis Advisors LLC grew its stake in shares of International Flavors & Fragrances by 10.4% in the 2nd quarter.
Natixis Advisors LLC now owns 162,252 shares of the specialty chemicals company’s stock worth $15,448,000 after buying an additional 15,278 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in International Flavors & Fragrances during the second quarter worth approximately $2,826,000. 96.
02% of the stock is owned by institutional investors. Analysts Set New Price Targets A number of equities analysts have recently commented on IFF shares. UBS Group dropped their target price on International Flavors & Fragrances from $107.
00 to $103.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Oppenheimer assumed coverage on shares of International Flavors & Fragrances in a research report on Friday, June 7th.
They set an “outperform” rating and a $116.00 price objective on the stock. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $109.
00 to $120.00 in a report on Tuesday, September 3rd. Citigroup upped their price target on shares of International Flavors & Fragrances from $108.
00 to $116.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, JPMorgan Chase & Co.
raised their price objective on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday.
One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $103.
80. International Flavors & Fragrances Stock Performance IFF stock opened at $103.01 on Monday.
The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.
75. International Flavors & Fragrances Inc. has a 1-year low of $62.
28 and a 1-year high of $105.30. The business has a 50-day moving average price of $98.
32 and a 200 day moving average price of $91.95. The company has a market capitalization of $26.
30 billion, a P/E ratio of -10.54, a PEG ratio of 1.87 and a beta of 1.
22. International Flavors & Fragrances ( NYSE:IFF – Get Free Report ) last posted its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.
16 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15.
The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion.
International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%.
The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.
86 EPS. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.
21 EPS for the current fiscal year. International Flavors & Fragrances Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th will be given a $0.
40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.
55%. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s payout ratio is -16.
38%. Insider Buying and Selling In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $95.
66, for a total value of $247,568.08. Following the completion of the transaction, the insider now directly owns 8,539 shares in the company, valued at $816,840.
74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . 0.
20% of the stock is currently owned by company insiders. International Flavors & Fragrances Profile ( Free Report ) 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.
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