International Flavors & Fragrances Inc. (NYSE:IFF) Stock Holdings Lifted by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. raised its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 0.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,792 shares of the specialty chemicals company’s stock after purchasing an additional 617 shares during the period. ZWJ Investment Counsel Inc. owned 0.10% of International Flavors & Fragrances worth $27,260,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in IFF. CWM LLC lifted its stake in International Flavors & Fragrances by 1.7% in the third quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock valued at $686,000 after acquiring an additional 109 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in shares of International Flavors & Fragrances by 5.0% in the 2nd quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company’s stock valued at $236,000 after purchasing an additional 117 shares during the last quarter. Orca Investment Management LLC boosted its holdings in International Flavors & Fragrances by 0.6% in the third quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company’s stock worth $2,231,000 after purchasing an additional 122 shares in the last quarter. State of Alaska Department of Revenue increased its position in International Flavors & Fragrances by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 27,696 shares of the specialty chemicals company’s stock worth $2,381,000 after buying an additional 130 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in International Flavors & Fragrances by 18.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 863 shares of the specialty chemicals company’s stock valued at $82,000 after buying an additional 132 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF opened at $105.71 on Thursday. The firm has a market capitalization of $26.99 billion, a price-to-earnings ratio of -10.82, a PEG ratio of 1.82 and a beta of 1.22. International Flavors & Fragrances Inc. has a one year low of $63.21 and a one year high of $106.77. The business has a fifty day simple moving average of $101.97 and a 200 day simple moving average of $96.37. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the business earned $0.86 EPS. The firm’s revenue was down 1.4% on a year-over-year basis. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.23 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Friday, September 20th were given a dividend of $0.40 per share. The ex-dividend date was Friday, September 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.51%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -16.38%.

Analysts Set New Price Targets

A number of brokerages have recently commented on IFF. Oppenheimer increased their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. lifted their price target on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Citigroup upped their price objective on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Morgan Stanley boosted their target price on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 3rd. Finally, Wells Fargo & Company raised their price target on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, International Flavors & Fragrances currently has an average 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.