Van ECK Associates Corp Has $204.31 Million Stock Holdings in International Flavors & Fragrances Inc. $IFF

Van ECK Associates Corp reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 37.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,320,029 shares of the specialty chemicals company’s stock after selling 2,026,594 shares during the quarter. Van ECK Associates Corp owned 1.30% of International Flavors & Fragrances worth $204,314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rafferty Asset Management LLC increased its holdings in International Flavors & Fragrances by 0.7% in 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 lifted its holdings in shares of International Flavors & Fragrances by 6.1% during the 3rd quarter. Clearstead Advisors LLC now owns 3,021 shares of the specialty chemicals company’s stock worth $186,000 after acquiring an additional 173 shares during the period. Parr Mcknight Wealth Management Group LLC boosted its position in shares of International Flavors & Fragrances by 0.9% during the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 23,129 shares of the specialty chemicals company’s stock worth $1,423,000 after acquiring an additional 199 shares in the last quarter. Central Pacific Bank Trust Division increased its stake in 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 valued at $671,000 after acquiring an additional 200 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in International Flavors & Fragrances by 2.3% during the third quarter. Truist Financial Corp now owns 9,090 shares of the specialty chemicals company’s stock worth $559,000 after purchasing an additional 203 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $73.02 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $84.45. The firm has a market cap of $18.66 billion, a PE ratio of -53.30, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. The firm’s fifty day moving average is $74.32 and its 200-day moving average is $68.11.

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

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 20th will be paid a $0.40 dividend. 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 Friday, March 20th. International Flavors & Fragrances’s payout ratio is currently -116.79%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IFF. Wall Street Zen raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, January 4th. Deutsche Bank Aktiengesellschaft boosted their target price on International Flavors & Fragrances from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. UBS Group lifted their price target on shares of International Flavors & Fragrances from $71.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Berenberg Bank cut their target price on shares of International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating on the stock in a research report on Thursday, February 5th. Finally, Citigroup increased their price target on International Flavors & Fragrances from $83.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.09.

About International Flavors & Fragrances

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.