UniSuper Management Pty Ltd Has $2.45 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

UniSuper Management Pty Ltd lifted its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 31.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,027 shares of the specialty chemicals company’s stock after purchasing an additional 6,942 shares during the quarter. UniSuper Management Pty Ltd’s holdings in International Flavors & Fragrances were worth $2,454,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IFF. Vanguard Group Inc. raised its stake 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 valued at $2,554,996,000 after buying an additional 164,945 shares in the last quarter. State Street Corp increased its stake in International Flavors & Fragrances by 1.9% in the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock valued at $1,102,363,000 after acquiring an additional 196,696 shares during the period. Geode Capital Management LLC raised its position in International Flavors & Fragrances by 1.3% in the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock worth $628,341,000 after purchasing an additional 77,521 shares in the last quarter. Van ECK Associates Corp boosted its holdings in International Flavors & Fragrances by 41.6% during the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock valued at $478,912,000 after purchasing an additional 1,663,629 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of International Flavors & Fragrances by 25.7% in the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock valued at $464,926,000 after purchasing an additional 1,121,414 shares during the period. 96.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on IFF. Stifel Nicolaus cut their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Citigroup reduced their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Cfra cut shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price for the company. in a research report on Thursday, February 20th. Barclays cut their price target on shares of International Flavors & Fragrances from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Oppenheimer dropped their price objective on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and an average target price of $103.31.

International Flavors & Fragrances Stock Down 2.3 %

NYSE:IFF opened at $76.41 on Friday. The company has a market cap of $19.54 billion, a price-to-earnings ratio of 81.28, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The stock’s fifty day moving average price is $82.56 and its two-hundred day moving average price is $89.89. International Flavors & Fragrances Inc. has a 52-week low of $76.38 and a 52-week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.14. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. On average, analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 annualized dividend and a yield of 2.09%. International Flavors & Fragrances’s dividend payout ratio is currently 170.21%.

Insider Buying and Selling at International Flavors & Fragrances

In related news, Director Kevin O’byrne purchased 6,500 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $80.44 per share, with a total value of $522,860.00. Following the purchase, the director now directly owns 6,500 shares in the company, valued at $522,860. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.20% of the company’s stock.

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.