Robeco Institutional Asset Management B.V. Acquires 101,144 Shares of International Flavors & Fragrances Inc. $IFF

Robeco Institutional Asset Management B.V. boosted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 38.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 361,424 shares of the specialty chemicals company’s stock after acquiring an additional 101,144 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.14% of International Flavors & Fragrances worth $22,242,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. True Wealth Design LLC lifted its holdings in shares of International Flavors & Fragrances by 896.4% during the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 493 shares during the period. American National Bank & Trust lifted its holdings in International Flavors & Fragrances by 11,975.0% during the 2nd quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock worth $36,000 after buying an additional 479 shares during the period. Elkhorn Partners Limited Partnership grew its position in shares of International Flavors & Fragrances by 200.0% in the 2nd quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 400 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 210 shares during the last quarter. Finally, Eastern Bank increased its stake in shares of International Flavors & Fragrances by 43.9% in the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 193 shares during the period. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $68.63 on Friday. The business has a 50-day simple moving average of $66.09 and a 200 day simple moving average of $67.16. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $88.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87. The firm has a market capitalization of $17.58 billion, a price-to-earnings ratio of -42.36, a PEG ratio of 2.58 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter last year, the firm posted $1.04 earnings per share. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 19th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, December 19th. This represents a $1.60 annualized dividend and a yield of 2.3%. International Flavors & Fragrances’s dividend payout ratio is presently -98.77%.

Analysts Set New Price Targets

IFF has been the topic of several analyst reports. Mizuho reduced their target price on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Barclays upped their price objective on shares of International Flavors & Fragrances from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Argus lowered their target price on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Monday, December 29th. Finally, Wall Street Zen raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Sunday, January 4th. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.02.

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.