International Flavors & Fragrances Inc. (NYSE:IFF) Shares Purchased by Marco Investment Management LLC

Marco Investment Management LLC raised its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 23,572 shares of the specialty chemicals company’s stock after purchasing an additional 452 shares during the quarter. Marco Investment Management LLC’s holdings in International Flavors & Fragrances were worth $1,909,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Winder Pte. Ltd. bought a new position in International Flavors & Fragrances during the 3rd quarter valued at $1,728,544,000. Fort Washington Investment Advisors Inc. OH bought a new position in International Flavors & Fragrances during the 3rd quarter valued at $95,612,000. Van ECK Associates Corp boosted its stake in International Flavors & Fragrances by 34.0% during the 3rd quarter. Van ECK Associates Corp now owns 3,927,108 shares of the specialty chemicals company’s stock valued at $267,711,000 after acquiring an additional 996,629 shares during the last quarter. Nordea Investment Management AB boosted its stake in International Flavors & Fragrances by 16.3% during the 3rd quarter. Nordea Investment Management AB now owns 5,672,776 shares of the specialty chemicals company’s stock valued at $388,358,000 after acquiring an additional 795,797 shares during the last quarter. Finally, Causeway Capital Management LLC bought a new position in International Flavors & Fragrances during the 3rd quarter valued at $51,492,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF traded up $0.27 during midday trading on Friday, reaching $84.61. The company’s stock had a trading volume of 900,101 shares, compared to its average volume of 1,247,330. The company has a 50 day moving average price of $82.06 and a 200 day moving average price of $78.25. The company has a market cap of $21.60 billion, a price-to-earnings ratio of -8.43, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63. International Flavors & Fragrances Inc. has a one year low of $62.11 and a one year high of $97.49.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.70 billion. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share. On average, equities research analysts expect that International Flavors & Fragrances Inc. will post 3.68 EPS for the current year.

International Flavors & Fragrances Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.89%. The ex-dividend date was Thursday, March 21st. International Flavors & Fragrances’s dividend payout ratio is -15.94%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IFF. Jefferies Financial Group upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and increased their price objective for the company from $73.00 to $112.00 in a research note on Friday, January 12th. StockNews.com raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Morgan Stanley lifted their price target on shares of International Flavors & Fragrances from $89.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. Wolfe Research assumed coverage on shares of International Flavors & Fragrances in a report on Friday, March 1st. They issued an “underperform” rating for the company. Finally, Citigroup raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and lifted their price target for the company from $81.00 to $100.00 in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $86.35.

About International Flavors & Fragrances

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.