Dimensional Fund Advisors LP Has $128.29 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Dimensional Fund Advisors LP decreased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,612,128 shares of the specialty chemicals company’s stock after selling 41,061 shares during the quarter. Dimensional Fund Advisors LP owned about 0.63% of International Flavors & Fragrances worth $128,286,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC increased its position in shares of International Flavors & Fragrances by 67.2% during the 2nd quarter. LPL Financial LLC now owns 110,630 shares of the specialty chemicals company’s stock worth $8,805,000 after purchasing an additional 44,450 shares during the last quarter. Seven Eight Capital LP acquired a new position in shares of International Flavors & Fragrances during the 1st quarter worth approximately $953,000. Mutual Advisors LLC increased its holdings in shares of International Flavors & Fragrances by 1.7% during the 2nd quarter. Mutual Advisors LLC now owns 11,163 shares of the specialty chemicals company’s stock worth $888,000 after acquiring an additional 187 shares during the last quarter. Achmea Investment Management B.V. increased its holdings in shares of International Flavors & Fragrances by 30.8% during the 2nd quarter. Achmea Investment Management B.V. now owns 15,899 shares of the specialty chemicals company’s stock worth $1,266,000 after acquiring an additional 3,748 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of International Flavors & Fragrances during the 1st quarter worth approximately $4,418,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IFF. Mizuho decreased their target price on International Flavors & Fragrances from $105.00 to $70.00 in a report on Thursday, August 10th. JPMorgan Chase & Co. decreased their target price on International Flavors & Fragrances from $83.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday, August 9th. Wells Fargo & Company upped their price objective on International Flavors & Fragrances from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, November 8th. Robert W. Baird decreased their price objective on International Flavors & Fragrances from $106.00 to $75.00 in a report on Wednesday, August 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on International Flavors & Fragrances from $110.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Hold” and a consensus price target of $76.27.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $73.87 on Tuesday. International Flavors & Fragrances Inc. has a 12-month low of $62.11 and a 12-month high of $118.34. The business has a 50-day simple moving average of $68.21 and a two-hundred day simple moving average of $74.17. The company has a quick ratio of 1.04, a current ratio of 1.74 and a debt-to-equity ratio of 0.54. The stock has a market cap of $18.86 billion, a PE ratio of 410.39, a PEG ratio of 5.78 and a beta of 1.16.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Monday, November 6th. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.14. International Flavors & Fragrances had a return on equity of 5.22% and a net margin of 0.40%. The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. Analysts anticipate that International Flavors & Fragrances Inc. will post 3.35 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Thursday, December 28th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $3.24 dividend on an annualized basis and a yield of 4.39%. International Flavors & Fragrances’s payout ratio is presently 1,800.00%.

International Flavors & Fragrances 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 Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through four segments: Nourish, Scent, Health & Biosciences, and Pharma Solutions.