Orca Investment Management LLC Buys 158 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Orca Investment Management LLC boosted its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 0.8% in the 2nd quarter, Holdings Channel reports. The firm owned 21,144 shares of the specialty chemicals company’s stock after acquiring an additional 158 shares during the quarter. International Flavors & Fragrances accounts for approximately 1.9% of Orca Investment Management LLC’s portfolio, making the stock its 17th largest position. Orca Investment Management LLC’s holdings in International Flavors & Fragrances were worth $2,013,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in IFF. Van ECK Associates Corp boosted its position in shares of International Flavors & Fragrances by 7.8% in the first quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock valued at $410,919,000 after acquiring an additional 344,377 shares during the period. First Pacific Advisors LP boosted its holdings in International Flavors & Fragrances by 2.0% in the 2nd quarter. First Pacific Advisors LP now owns 4,011,307 shares of the specialty chemicals company’s stock valued at $381,917,000 after purchasing an additional 80,558 shares during the period. Capital International Investors boosted its holdings in International Flavors & Fragrances by 1.4% in the 4th quarter. Capital International Investors now owns 2,375,699 shares of the specialty chemicals company’s stock valued at $192,360,000 after purchasing an additional 33,548 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of International Flavors & Fragrances by 9.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,895,581 shares of the specialty chemicals company’s stock valued at $163,003,000 after purchasing an additional 162,179 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of International Flavors & Fragrances by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,414,582 shares of the specialty chemicals company’s stock worth $114,539,000 after buying an additional 51,143 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $103.01 on Friday. The firm has a fifty day simple moving average of $98.32 and a two-hundred day simple moving average of $91.84. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. International Flavors & Fragrances Inc. has a twelve month low of $62.28 and a twelve month high of $105.30. The company has a market capitalization of $26.30 billion, a PE ratio of -10.54, a P/E/G ratio of 1.87 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company posted $0.86 EPS. International Flavors & Fragrances’s revenue for the quarter was down 1.4% on a year-over-year basis. Research analysts expect that International Flavors & Fragrances Inc. will post 4.21 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is -16.38%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $95.66, for a total value of $247,568.08. Following the sale, the insider now owns 8,539 shares of the company’s stock, valued at approximately $816,840.74. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

IFF has been the subject of several recent analyst reports. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Oppenheimer started coverage on International Flavors & Fragrances in a report on Friday, June 7th. They set an “outperform” rating and a $116.00 price objective for the company. UBS Group lowered their target price on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Morgan Stanley lifted their target price on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 3rd. Finally, Stifel Nicolaus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and increased their price target for the stock from $95.00 to $115.00 in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $103.80.

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.