Kettle Hill Capital Management LLC Has $26.14 Million Stock Holdings in International Flavors & Fragrances Inc. $IFF

Kettle Hill Capital Management LLC grew its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 77.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 424,747 shares of the specialty chemicals company’s stock after purchasing an additional 184,833 shares during the quarter. International Flavors & Fragrances makes up approximately 5.9% of Kettle Hill Capital Management LLC’s portfolio, making the stock its 4th biggest position. Kettle Hill Capital Management LLC owned 0.17% of International Flavors & Fragrances worth $26,139,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in IFF. Rafferty Asset Management LLC boosted its position in International Flavors & Fragrances by 0.7% during the 3rd quarter. Rafferty Asset Management LLC now owns 21,837 shares of the specialty chemicals company’s stock valued at $1,344,000 after buying an additional 158 shares during the period. Clearstead Advisors LLC raised its stake in shares of International Flavors & Fragrances by 6.1% during the third quarter. Clearstead Advisors LLC now owns 3,021 shares of the specialty chemicals company’s stock valued at $186,000 after acquiring an additional 173 shares during the last quarter. Parr Mcknight Wealth Management Group LLC boosted its holdings in shares of International Flavors & Fragrances by 0.9% during the third quarter. Parr Mcknight Wealth Management Group LLC now owns 23,129 shares of the specialty chemicals company’s stock worth $1,423,000 after purchasing an additional 199 shares during the period. Central Pacific Bank Trust Division grew its stake in shares of International Flavors & Fragrances by 1.9% in the third quarter. Central Pacific Bank Trust Division now owns 10,900 shares of the specialty chemicals company’s stock worth $671,000 after purchasing an additional 200 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in International Flavors & Fragrances by 2.3% during the 3rd quarter. Truist Financial Corp now owns 9,090 shares of the specialty chemicals company’s stock valued at $559,000 after purchasing an additional 203 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Trading Down 0.6%

IFF opened at $69.58 on Monday. The stock has a market cap of $17.78 billion, a PE ratio of -50.79, a PEG ratio of 1.82 and a beta of 0.99. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average of $74.52 and a 200-day moving average of $68.19. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.05). The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.52 billion. International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.International Flavors & Fragrances’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 earnings per share. Equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on IFF shares. Argus increased their price objective on International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Barclays boosted their target price on International Flavors & Fragrances from $78.00 to $91.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Monday, December 29th. UBS Group boosted their price objective on shares of International Flavors & Fragrances from $71.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Finally, BNP Paribas Exane decreased their price objective on shares of International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Thirteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.09.

International Flavors & Fragrances Profile

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.