Icahn Carl C Acquires 1,000,000 Shares of International Flavors & Fragrances Inc. $IFF

Icahn Carl C lifted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 26.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,750,000 shares of the specialty chemicals company’s stock after purchasing an additional 1,000,000 shares during the period. International Flavors & Fragrances comprises approximately 3.2% of Icahn Carl C’s holdings, making the stock its 6th biggest holding. Icahn Carl C’s holdings in International Flavors & Fragrances were worth $292,315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. True Wealth Design LLC grew its holdings in International Flavors & Fragrances by 896.4% during the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 493 shares during the last quarter. Elkhorn Partners Limited Partnership raised its holdings in shares of International Flavors & Fragrances by 200.0% in the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 400 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 210 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of International Flavors & Fragrances during the second quarter valued at $49,000. Finally, Transamerica Financial Advisors LLC increased its position in International Flavors & Fragrances by 884.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after purchasing an additional 610 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Mizuho boosted their target price on shares of International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Monday, December 29th. Oppenheimer raised shares of International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 price objective for the company in a research report on Friday, February 13th. Wells Fargo & Company upped their price objective on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Finally, Argus raised their target price on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Thirteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.09.

International Flavors & Fragrances Stock Down 0.6%

Shares of NYSE:IFF opened at $69.58 on Monday. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. The firm has a market cap of $17.78 billion, a price-to-earnings ratio of -50.79, a PEG ratio of 1.82 and a beta of 0.99. The stock’s 50-day moving average price is $74.52 and its two-hundred day moving average price is $68.19. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The company’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 EPS. On average, research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.60 annualized dividend and a yield of 2.3%. International Flavors & Fragrances’s dividend payout ratio is -116.79%.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.