Nomura Asset Management Co. Ltd. Purchases 6,820 Shares of International Flavors & Fragrances Inc. $IFF

Nomura Asset Management Co. Ltd. raised its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 90,594 shares of the specialty chemicals company’s stock after buying an additional 6,820 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in International Flavors & Fragrances were worth $6,105,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Tran Capital Management L.P. bought a new stake in shares of International Flavors & Fragrances in the 4th quarter worth approximately $21,924,000. JPMorgan Chase & Co. boosted its position in shares of International Flavors & Fragrances by 28.8% during the third quarter. JPMorgan Chase & Co. now owns 1,098,575 shares of the specialty chemicals company’s stock valued at $67,612,000 after purchasing an additional 245,719 shares in the last quarter. Dodge & Cox boosted its position in shares of International Flavors & Fragrances by 5.5% during the third quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock valued at $2,275,296,000 after purchasing an additional 1,925,251 shares in the last quarter. Icahn Carl C boosted its position in shares of International Flavors & Fragrances by 26.7% during the third quarter. Icahn Carl C now owns 4,750,000 shares of the specialty chemicals company’s stock valued at $292,315,000 after purchasing an additional 1,000,000 shares in the last quarter. Finally, Swiss Life Asset Management Ltd boosted its position in shares of International Flavors & Fragrances by 117.0% during the fourth quarter. Swiss Life Asset Management Ltd now owns 148,377 shares of the specialty chemicals company’s stock valued at $9,999,000 after purchasing an additional 80,014 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

IFF has been the topic of several research reports. Citigroup lifted their price target on International Flavors & Fragrances from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wells Fargo & Company lifted their price target on International Flavors & Fragrances from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Oppenheimer lifted their price target on International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Jefferies Financial Group boosted their target price on International Flavors & Fragrances from $97.00 to $105.00 in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. boosted their target price on International Flavors & Fragrances from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $90.49.

International Flavors & Fragrances Trading Up 0.5%

International Flavors & Fragrances stock opened at $73.57 on Thursday. The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. The business’s fifty day simple moving average is $73.56 and its two-hundred day simple moving average is $71.92. International Flavors & Fragrances Inc. has a 12 month low of $59.14 and a 12 month high of $84.45. The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 1.89 and a beta of 0.94.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.17. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.64 billion. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 earnings per share. As a group, equities analysts predict that International Flavors & Fragrances Inc. will post 4.57 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, June 18th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, June 18th. International Flavors & Fragrances’s dividend payout ratio is presently 48.93%.

Insider Activity

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 260,000 shares of the stock in a transaction dated Monday, June 1st. The shares were purchased at an average cost of $74.28 per share, with a total value of $19,312,800.00. Following the completion of the acquisition, the director directly owned 2,682,730 shares in the company, valued at $199,273,184.40. This trade represents a 10.73% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders acquired 415,500 shares of company stock worth $30,276,875 over the last 90 days. Corporate insiders own 1.07% of the company’s stock.

International Flavors & Fragrances Company 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.