SG Americas Securities LLC Has $2.21 Million Stock Holdings in International Flavors & Fragrances Inc. $IFF

SG Americas Securities LLC increased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 31.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,843 shares of the specialty chemicals company’s stock after buying an additional 8,583 shares during the period. SG Americas Securities LLC’s holdings in International Flavors & Fragrances were worth $2,206,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of International Flavors & Fragrances by 5.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock worth $2,042,000 after purchasing an additional 1,335 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of International Flavors & Fragrances by 15.7% during the first quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock valued at $309,000 after purchasing an additional 539 shares during the last quarter. Empowered Funds LLC raised its position in International Flavors & Fragrances by 71.5% in the 1st quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock worth $811,000 after purchasing an additional 4,358 shares during the last quarter. Focus Partners Wealth boosted its position in International Flavors & Fragrances by 25.5% in the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock valued at $584,000 after buying an additional 1,530 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake 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 period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IFF. Argus lowered their price target on 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. Bank of America reduced their price objective on shares of International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Weiss Ratings restated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Monday, December 29th. BNP Paribas cut their price target on International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Finally, Morgan Stanley cut their target price on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, September 22nd. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.19.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $69.58 on Wednesday. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $88.09. The firm has a market capitalization of $17.82 billion, a price-to-earnings ratio of -42.95, a P/E/G ratio of 2.59 and a beta of 1.04. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. The firm’s 50 day simple moving average is $66.51 and its 200 day simple moving average is $66.95.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results 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. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.65 billion. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.The business’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period last year, the firm posted $1.04 earnings per share. As a group, research analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a $1.60 annualized dividend and a yield of 2.3%. International Flavors & Fragrances’s dividend payout ratio is currently -98.77%.

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.