Easterly Investment Partners LLC Has $2.04 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Easterly Investment Partners LLC decreased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 18.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 19,430 shares of the specialty chemicals company’s stock after selling 4,506 shares during the period. Easterly Investment Partners LLC’s holdings in International Flavors & Fragrances were worth $2,039,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new position in International Flavors & Fragrances in the third quarter worth $27,000. Family Firm Inc. purchased a new position in shares of International Flavors & Fragrances in the 2nd quarter worth about $38,000. Larson Financial Group LLC boosted its holdings in shares of International Flavors & Fragrances by 5,050.0% in the 1st quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 505 shares in the last quarter. Oakworth Capital Inc. purchased a new stake in International Flavors & Fragrances during the 3rd quarter valued at about $44,000. Finally, Eastern Bank bought a new position in International Flavors & Fragrances during the 3rd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Friday. Oppenheimer lifted their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. reduced their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, UBS Group lifted their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $108.80.

International Flavors & Fragrances Stock Up 2.0 %

IFF stock traded up $1.86 during trading on Friday, hitting $92.82. 1,100,790 shares of the company’s stock were exchanged, compared to its average volume of 1,667,982. The stock has a market capitalization of $23.73 billion, a price-to-earnings ratio of -9.87, a PEG ratio of 1.77 and a beta of 1.22. International Flavors & Fragrances Inc. has a 52-week low of $69.73 and a 52-week high of $106.77. The business has a 50-day moving average price of $102.40 and a two-hundred day moving average price of $98.04. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company earned $0.89 EPS. The company’s revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts expect that International Flavors & Fragrances Inc. will post 4.24 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a $0.40 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.60 annualized dividend and a yield of 1.72%. International Flavors & Fragrances’s payout ratio is currently -17.35%.

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.