Nisa Investment Advisors LLC Buys 7,141 Shares of International Flavors & Fragrances Inc. $IFF

Nisa Investment Advisors LLC increased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 89.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,098 shares of the specialty chemicals company’s stock after acquiring an additional 7,141 shares during the period. Nisa Investment Advisors LLC’s holdings in International Flavors & Fragrances were worth $1,024,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of International Flavors & Fragrances by 28.8% in the third quarter. JPMorgan Chase & Co. now owns 1,098,575 shares of the specialty chemicals company’s stock worth $67,612,000 after buying an additional 245,719 shares during the last quarter. Ruffer LLP acquired a new position in International Flavors & Fragrances in the 3rd quarter valued at $13,552,000. Icahn Carl C raised its holdings in International Flavors & Fragrances by 26.7% in the 3rd quarter. Icahn Carl C now owns 4,750,000 shares of the specialty chemicals company’s stock worth $292,315,000 after acquiring an additional 1,000,000 shares during the period. State Street Corp lifted its position in International Flavors & Fragrances by 3.6% during the 2nd quarter. State Street Corp now owns 10,884,974 shares of the specialty chemicals company’s stock worth $804,753,000 after acquiring an additional 381,593 shares during the last quarter. Finally, Dodge & Cox lifted its position in International Flavors & Fragrances by 5.5% during the 3rd quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock worth $2,275,296,000 after acquiring an additional 1,925,251 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Down 0.0%

IFF opened at $72.42 on Friday. The company has a market capitalization of $18.50 billion, a P/E ratio of -52.86, a P/E/G ratio of 1.90 and a beta of 1.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.42 and a quick ratio of 0.85. The firm’s fifty day moving average price is $74.58 and its two-hundred day moving average price is $68.64. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 EPS. 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 declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 20th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, March 20th. International Flavors & Fragrances’s dividend payout ratio is -116.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Bank of America raised their price target on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. BNP Paribas Exane decreased their target price on International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of International Flavors & Fragrances in a report on Monday, December 29th. Barclays lifted their price target on International Flavors & Fragrances from $78.00 to $91.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Finally, Wells Fargo & Company increased their price objective on International Flavors & Fragrances from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Thirteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $90.09.

Insider Buying and Selling

In related news, Director Paul J. Fribourg acquired 142,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were bought at an average cost of $70.13 per share, with a total value of $9,958,460.00. Following the completion of the acquisition, the director owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

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.