Rakuten Investment Management Inc. Invests $1.19 Million in International Flavors & Fragrances Inc. $IFF

Rakuten Investment Management Inc. bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFFFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,380 shares of the specialty chemicals company’s stock, valued at approximately $1,193,000.

Other institutional investors have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC boosted its position in International Flavors & Fragrances by 122.1% in 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 purchased a new position in International Flavors & Fragrances in the second quarter valued at about $212,090,000. Ameriprise Financial Inc. grew its stake in International Flavors & Fragrances by 1,842.0% during the 2nd 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 in the last quarter. Norges Bank purchased a new stake in International Flavors & Fragrances during the 2nd quarter worth approximately $152,736,000. Finally, Dodge & Cox raised its position in shares of International Flavors & Fragrances by 3.8% in 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 in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

IFF has been the subject of a number of research analyst reports. Citigroup lifted their price target on shares of International Flavors & Fragrances from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Monday, December 29th. Argus lifted their price target on International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America boosted their price objective on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Wall Street Zen raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, January 4th. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus price target of $86.46.

Check Out Our Latest Analysis on International Flavors & Fragrances

International Flavors & Fragrances News Summary

Here are the key news stories impacting International Flavors & Fragrances this week:

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF opened at $73.25 on Friday. 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 firm’s 50-day moving average price is $67.64 and its two-hundred day moving average price is $66.78. International Flavors & Fragrances Inc. has a 52-week low of $59.14 and a 52-week high of $88.09. The stock has a market capitalization of $18.76 billion, a P/E ratio of -45.22, a P/E/G ratio of 2.75 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The business 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 business’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 EPS. As a group, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 19th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, December 19th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -98.77%.

International Flavors & Fragrances Company Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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