Deprince Race & Zollo Inc. Acquires 41,997 Shares of International Flavors & Fragrances Inc. $IFF

Deprince Race & Zollo Inc. raised its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 9.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,834 shares of the specialty chemicals company’s stock after buying an additional 41,997 shares during the period. Deprince Race & Zollo Inc.’s holdings in International Flavors & Fragrances were worth $31,006,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Banque Transatlantique SA bought a new position in shares of International Flavors & Fragrances in the 1st quarter valued at approximately $32,000. American National Bank & Trust grew its holdings in International Flavors & Fragrances by 11,975.0% during the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 479 shares during the last quarter. Elkhorn Partners Limited Partnership raised its position in shares of International Flavors & Fragrances by 200.0% in the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 400 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares during the last quarter. Finally, Eastern Bank lifted its stake in shares of International Flavors & Fragrances by 43.9% in the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after buying an additional 193 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on IFF shares. Citigroup dropped their target price on shares of International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Berenberg Bank lowered their price target on International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a research report on Monday, September 29th. Barclays lifted their price objective on International Flavors & Fragrances from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Bank of America decreased their target price on International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Finally, Wall Street Zen downgraded International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Saturday. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus price target of $85.02.

International Flavors & Fragrances Stock Up 0.9%

IFF stock opened at $67.49 on Friday. International Flavors & Fragrances Inc. has a twelve month low of $59.14 and a twelve month high of $88.09. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a market cap of $17.28 billion, a PE ratio of -41.66, a price-to-earnings-growth ratio of 2.74 and a beta of 1.03. The business’s 50-day simple moving average is $65.54 and its 200 day simple moving average is $67.61.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last year, the company earned $1.04 EPS. The company’s quarterly revenue was down 7.9% on a year-over-year basis. On average, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 19th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, December 19th. International Flavors & Fragrances’s payout ratio is -98.77%.

International Flavors & Fragrances 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.