Natixis Makes New $3.56 Million Investment in International Flavors & Fragrances Inc. $IFF

Natixis bought a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 48,445 shares of the specialty chemicals company’s stock, valued at approximately $3,563,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Banque Transatlantique SA purchased a new stake in International Flavors & Fragrances during the first quarter valued at approximately $32,000. American National Bank & Trust increased its position in shares of International Flavors & Fragrances by 11,975.0% during the 2nd quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 479 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in International Flavors & Fragrances during the 1st quarter valued at $42,000. Geneos Wealth Management Inc. lifted its position in International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares during the last quarter. Finally, Eastern Bank boosted its stake in International Flavors & Fragrances by 43.9% during the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after buying an additional 193 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF opened at $65.43 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.44. The firm has a market cap of $16.76 billion, a PE ratio of -40.39, a price-to-earnings-growth ratio of 2.62 and a beta of 1.03. The firm’s 50 day simple moving average is $64.61 and its 200-day simple moving average is $68.57. International Flavors & Fragrances Inc. has a one year low of $59.14 and a one year high of $88.90.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.03. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.65 billion. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.International Flavors & Fragrances’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 earnings per share. As a group, equities analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, December 19th. International Flavors & Fragrances’s payout ratio is presently -98.77%.

Analyst Ratings Changes

IFF has been the topic of several recent analyst reports. BNP Paribas reduced their target price on shares of International Flavors & Fragrances from $92.00 to $91.00 in a research note on Monday, September 29th. Wolfe Research raised shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research report on Monday, September 8th. Berenberg Bank dropped their target price on International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating for the company in a research report on Monday, September 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of International Flavors & Fragrances in a report on Monday. Finally, Tigress Financial reissued a “buy” rating and set a $105.00 price target on shares of International Flavors & Fragrances in a research note on Tuesday, August 26th. Twelve research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.02.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.