Pictet North America Advisors SA Increases Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Pictet North America Advisors SA increased its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 3.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,275 shares of the specialty chemicals company’s stock after acquiring an additional 99 shares during the quarter. Pictet North America Advisors SA’s holdings in International Flavors & Fragrances were worth $344,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in IFF. BNP Paribas Financial Markets boosted its holdings in International Flavors & Fragrances by 23.6% in the first quarter. BNP Paribas Financial Markets now owns 263,720 shares of the specialty chemicals company’s stock worth $22,677,000 after purchasing an additional 50,405 shares during the period. Norden Group LLC lifted its holdings in International Flavors & Fragrances by 313.1% in the first quarter. Norden Group LLC now owns 10,678 shares of the specialty chemicals company’s stock worth $919,000 after acquiring an additional 8,093 shares during the last quarter. Sei Investments Co. grew its holdings in shares of International Flavors & Fragrances by 55.4% during the first quarter. Sei Investments Co. now owns 101,015 shares of the specialty chemicals company’s stock valued at $8,686,000 after purchasing an additional 36,026 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of International Flavors & Fragrances by 8.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 650,879 shares of the specialty chemicals company’s stock worth $55,969,000 after purchasing an additional 49,614 shares during the period. Finally, Quantbot Technologies LP acquired a new position in International Flavors & Fragrances during the 1st quarter valued at approximately $1,115,000. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Down 0.2 %

International Flavors & Fragrances stock opened at $103.87 on Wednesday. International Flavors & Fragrances Inc. has a twelve month low of $63.21 and a twelve month high of $106.77. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38. The firm has a market cap of $26.52 billion, a PE ratio of -10.63, a P/E/G ratio of 1.82 and a beta of 1.22. The firm’s 50 day moving average price is $102.48 and its two-hundred day moving average price is $96.86.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company earned $0.86 earnings per share. International Flavors & Fragrances’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, research analysts predict that International Flavors & Fragrances Inc. will post 4.23 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Friday, September 20th were issued a $0.40 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.54%. International Flavors & Fragrances’s dividend payout ratio is currently -16.38%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Oppenheimer boosted their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Citigroup lifted their target price on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their price target for the company from $109.00 to $120.00 in a report on Tuesday, September 3rd. Finally, Barclays raised their target price on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.43.

International Flavors & Fragrances Company Profile

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.