Pictet North America Advisors SA Grows Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Pictet North America Advisors SA raised its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,275 shares of the specialty chemicals company’s stock after buying an additional 99 shares during the period. Pictet North America Advisors SA’s holdings in International Flavors & Fragrances were worth $344,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Park Avenue Securities LLC boosted its position in International Flavors & Fragrances by 6.7% during the first quarter. Park Avenue Securities LLC now owns 6,782 shares of the specialty chemicals company’s stock worth $583,000 after purchasing an additional 428 shares in the last quarter. Ballentine Partners LLC grew its stake in International Flavors & Fragrances by 4.1% in the 1st quarter. Ballentine Partners LLC now owns 4,755 shares of the specialty chemicals company’s stock valued at $409,000 after acquiring an additional 189 shares during the last quarter. Riverview Trust Co purchased a new position in International Flavors & Fragrances during the 1st quarter valued at about $27,000. Future Financial Wealth Managment LLC acquired a new position in International Flavors & Fragrances during the first quarter worth about $86,000. Finally, 180 Wealth Advisors LLC lifted its holdings in shares of International Flavors & Fragrances by 14.0% in the first quarter. 180 Wealth Advisors LLC now owns 21,689 shares of the specialty chemicals company’s stock valued at $1,865,000 after purchasing an additional 2,656 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF opened at $103.87 on Wednesday. The firm has a market capitalization of $26.52 billion, a PE ratio of -10.63, a P/E/G ratio of 1.82 and a beta of 1.22. International Flavors & Fragrances Inc. has a 12 month low of $63.21 and a 12 month high of $106.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75. The business has a 50-day moving average of $102.48 and a two-hundred day moving average of $96.86.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS 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 firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the firm posted $0.86 earnings per share. International Flavors & Fragrances’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, research analysts forecast that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.54%. The ex-dividend date was Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -16.38%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IFF. Barclays lifted their price objective on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Oppenheimer upped their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Stifel Nicolaus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their target price for the company from $95.00 to $115.00 in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.