Nissay Asset Management Corp Japan ADV Boosts Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Nissay Asset Management Corp Japan ADV increased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 30,981 shares of the specialty chemicals company’s stock after buying an additional 326 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in International Flavors & Fragrances were worth $2,621,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in IFF. Nomura Holdings Inc. purchased a new position in shares of International Flavors & Fragrances in the fourth quarter worth about $713,000. OMERS ADMINISTRATION Corp increased its stake in shares of International Flavors & Fragrances by 20.2% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 10,691 shares of the specialty chemicals company’s stock worth $904,000 after purchasing an additional 1,799 shares in the last quarter. Occudo Quantitative Strategies LP increased its stake in shares of International Flavors & Fragrances by 146.3% in the fourth quarter. Occudo Quantitative Strategies LP now owns 13,669 shares of the specialty chemicals company’s stock worth $1,156,000 after purchasing an additional 8,120 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of International Flavors & Fragrances by 2.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,980 shares of the specialty chemicals company’s stock worth $2,112,000 after purchasing an additional 669 shares in the last quarter. Finally, Moore Capital Management LP purchased a new position in shares of International Flavors & Fragrances in the fourth quarter worth about $2,375,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Up 2.0%

Shares of International Flavors & Fragrances stock opened at $77.68 on Friday. International Flavors & Fragrances Inc. has a 1 year low of $65.85 and a 1 year high of $106.77. The firm has a market cap of $19.87 billion, a PE ratio of 82.64, a PEG ratio of 1.45 and a beta of 1.08. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The company has a 50 day simple moving average of $75.89 and a two-hundred day simple moving average of $82.66.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the business posted $1.13 earnings per share. International Flavors & Fragrances’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.06%. International Flavors & Fragrances’s payout ratio is -48.93%.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, CEO J Erik Fyrwald acquired 700 shares of the stock in a transaction dated Thursday, May 8th. The stock was purchased at an average cost of $74.00 per share, for a total transaction of $51,800.00. Following the acquisition, the chief executive officer now owns 37,770 shares in the company, valued at $2,794,980. The trade was a 1.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kevin O’byrne acquired 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the acquisition, the director now owns 6,500 shares in the company, valued at approximately $522,860. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 11,200 shares of company stock worth $875,980. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Robert W. Baird reduced their target price on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Thursday, May 8th. Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective for the company. in a research report on Thursday, February 20th. Stifel Nicolaus cut their price objective on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Bank of America cut their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, Citigroup raised their price objective on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.54.

International Flavors & Fragrances Profile

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.