Nissay Asset Management Corp Japan ADV Sells 552 Shares of International Flavors & Fragrances Inc (NYSE:IFF)

Nissay Asset Management Corp Japan ADV cut its position in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 6.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,392 shares of the specialty chemicals company’s stock after selling 552 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in International Flavors & Fragrances were worth $1,028,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IFF. Steward Partners Investment Advisory LLC grew its stake in International Flavors & Fragrances by 11.3% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 838 shares of the specialty chemicals company’s stock worth $85,000 after buying an additional 85 shares during the last quarter. US Bancorp DE grew its stake in International Flavors & Fragrances by 0.4% during the 1st quarter. US Bancorp DE now owns 20,606 shares of the specialty chemicals company’s stock worth $2,103,000 after buying an additional 86 shares during the last quarter. Cigna Investments Inc. New grew its stake in International Flavors & Fragrances by 3.5% during the 1st quarter. Cigna Investments Inc. New now owns 2,962 shares of the specialty chemicals company’s stock worth $303,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in International Flavors & Fragrances by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 4,600 shares of the specialty chemicals company’s stock worth $563,000 after buying an additional 100 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in International Flavors & Fragrances by 2.4% during the 1st quarter. Fifth Third Bancorp now owns 4,372 shares of the specialty chemicals company’s stock worth $446,000 after buying an additional 104 shares during the last quarter. 95.69% of the stock is owned by institutional investors.

IFF stock opened at $125.95 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.98 and a quick ratio of 1.22. The business has a 50 day simple moving average of $126.26 and a 200-day simple moving average of $125.94. The firm has a market capitalization of $13.46 billion, a PE ratio of 21.31 and a beta of 1.05. International Flavors & Fragrances Inc has a 1 year low of $92.14 and a 1 year high of $147.20.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, May 11th. The specialty chemicals company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. International Flavors & Fragrances had a return on equity of 11.03% and a net margin of 9.09%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.57 earnings per share. On average, equities research analysts expect that International Flavors & Fragrances Inc will post 5.76 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Thursday, June 25th were given a $0.75 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.38%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 48.62%.

Several research analysts recently weighed in on IFF shares. Exane BNP Paribas downgraded International Flavors & Fragrances from a “neutral” rating to an “underperform” rating and set a $111.00 target price on the stock. in a research note on Monday, June 22nd. Citigroup lifted their price target on International Flavors & Fragrances from $113.00 to $133.40 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Wells Fargo & Co reaffirmed a “buy” rating on shares of International Flavors & Fragrances in a research report on Wednesday, June 3rd. Stephens initiated coverage on International Flavors & Fragrances in a research report on Thursday, July 9th. They set an “overweight” rating and a $150.00 price target for the company. Finally, BNP Paribas cut International Flavors & Fragrances from a “neutral” rating to an “underperform” rating and set a $111.00 price target for the company. in a research report on Monday, June 22nd. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. International Flavors & Fragrances currently has a consensus rating of “Hold” and an average price target of $136.49.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

Further Reading: Outperform Rating

Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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