Mn Services Vermogensbeheer B.V. Cuts Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Mn Services Vermogensbeheer B.V. cut its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,851 shares of the specialty chemicals company’s stock after selling 2,500 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in International Flavors & Fragrances were worth $10,268,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. increased its holdings in shares of International Flavors & Fragrances by 55.4% in the 1st quarter. Sei Investments Co. now owns 101,015 shares of the specialty chemicals company’s stock valued at $8,686,000 after acquiring an additional 36,026 shares during the period. Quantbot Technologies LP acquired a new stake in shares of International Flavors & Fragrances in the 1st quarter worth $1,115,000. Kimelman & Baird LLC acquired a new stake in shares of International Flavors & Fragrances in the 2nd quarter worth $868,000. GM Advisory Group LLC acquired a new stake in shares of International Flavors & Fragrances in the 2nd quarter worth $686,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of International Flavors & Fragrances by 9.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 255,849 shares of the specialty chemicals company’s stock worth $22,002,000 after purchasing an additional 22,398 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $99.10 on Wednesday. International Flavors & Fragrances Inc. has a twelve month low of $69.73 and a twelve month high of $106.77. The business has a 50-day moving average price of $102.97 and a 200 day moving average price of $98.06. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The firm has a market cap of $25.34 billion, a PE ratio of -10.75, a P/E/G ratio of 1.76 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 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 company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the business earned $0.86 EPS. International Flavors & Fragrances’s quarterly revenue was down 1.4% on a year-over-year basis. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.24 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.61%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -17.35%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IFF. Wells Fargo & Company raised their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Citigroup raised their price objective on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Oppenheimer lifted their price target on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Finally, Barclays lifted their price target on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average target price of $107.86.

About International Flavors & Fragrances

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.