Russell Investments Group Ltd. Has $41.49 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Russell Investments Group Ltd. reduced its holdings in International Flavors & Fragrances Inc. (NYSE:IFFGet Rating) by 40.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 454,047 shares of the specialty chemicals company’s stock after selling 302,826 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of International Flavors & Fragrances worth $41,493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SVB Wealth LLC lifted its stake in shares of International Flavors & Fragrances by 4.0% in the first quarter. SVB Wealth LLC now owns 2,077 shares of the specialty chemicals company’s stock valued at $273,000 after buying an additional 79 shares in the last quarter. Covestor Ltd raised its holdings in International Flavors & Fragrances by 48.8% during the 1st quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 80 shares during the period. CWM LLC increased its holdings in shares of International Flavors & Fragrances by 8.9% in the second quarter. CWM LLC now owns 1,005 shares of the specialty chemicals company’s stock worth $120,000 after purchasing an additional 82 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of International Flavors & Fragrances by 1.5% in the second quarter. Advisors Asset Management Inc. now owns 5,480 shares of the specialty chemicals company’s stock worth $653,000 after purchasing an additional 83 shares during the period. Finally, Raymond James Trust N.A. increased its holdings in shares of International Flavors & Fragrances by 2.4% in the first quarter. Raymond James Trust N.A. now owns 3,792 shares of the specialty chemicals company’s stock worth $498,000 after purchasing an additional 90 shares during the period. 88.86% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Down 1.7 %

IFF opened at $110.84 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.79. International Flavors & Fragrances Inc. has a fifty-two week low of $83.14 and a fifty-two week high of $143.14. The firm’s fifty day moving average is $106.43 and its 200 day moving average is $106.70. The stock has a market cap of $28.26 billion, a price-to-earnings ratio of -16.11, a price-to-earnings-growth ratio of 3.38 and a beta of 1.03.

International Flavors & Fragrances (NYSE:IFFGet Rating) last released its earnings results on Monday, November 7th. The specialty chemicals company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.06. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. International Flavors & Fragrances had a negative net margin of 13.91% and a positive return on equity of 7.31%. On average, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 5.54 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 6th. Shareholders of record on Wednesday, December 28th were issued a $0.81 dividend. The ex-dividend date was Tuesday, December 27th. This represents a $3.24 dividend on an annualized basis and a yield of 2.92%. International Flavors & Fragrances’s dividend payout ratio is currently -47.09%.

Analysts Set New Price Targets

IFF has been the topic of several research analyst reports. UBS Group upped their price target on shares of International Flavors & Fragrances from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, January 11th. JPMorgan Chase & Co. cut shares of International Flavors & Fragrances from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $125.00 to $96.00 in a report on Wednesday, November 9th. Mizuho increased their target price on International Flavors & Fragrances from $116.00 to $119.00 and gave the company a “neutral” rating in a research note on Thursday, January 12th. Wells Fargo & Company increased their target price on International Flavors & Fragrances from $105.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, December 8th. Finally, Societe Generale reduced their target price on International Flavors & Fragrances from $170.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, November 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $121.94.

International Flavors & Fragrances Profile

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International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.

Further Reading

Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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