Mutual of America Capital Management LLC Boosts Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Defense World · Jul 26, 2022 20:21

Mutual of America Capital Management LLC raised its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) by 1.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,970 shares of the specialty chemicals company's stock after acquiring an additional 373 shares during the quarter. Mutual of America Capital Management LLC's holdings in International Flavors & Fragrances were worth $4,461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in IFF. LTS One Management LP purchased a new position in International Flavors & Fragrances during the 4th quarter valued at about $790,913,000. Massachusetts Financial Services Co. MA grew its holdings in shares of International Flavors & Fragrances by 24.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,173,967 shares of the specialty chemicals company's stock worth $628,809,000 after buying an additional 818,364 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of International Flavors & Fragrances by 563.8% during the fourth quarter. Marshall Wace LLP now owns 868,631 shares of the specialty chemicals company's stock worth $130,857,000 after buying an additional 737,780 shares in the last quarter. Ensign Peak Advisors Inc grew its holdings in shares of International Flavors & Fragrances by 244.9% during the fourth quarter. Ensign Peak Advisors Inc now owns 783,368 shares of the specialty chemicals company's stock worth $118,015,000 after buying an additional 556,208 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of International Flavors & Fragrances by 2.4% during the fourth quarter. BlackRock Inc. now owns 19,198,319 shares of the specialty chemicals company's stock worth $2,892,226,000 after buying an additional 442,777 shares in the last quarter. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Get International Flavors & Fragrances alerts:

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IFF shares. Jefferies Financial Group downgraded shares of International Flavors & Fragrances from a "buy" rating to a "hold" rating and lowered their price target for the stock from $170.00 to $101.00 in a report on Thursday, June 16th. Credit Suisse Group assumed coverage on shares of International Flavors & Fragrances in a report on Monday, June 27th. They set an "outperform" rating and a $145.00 price target for the company. Bank of America lowered their target price on shares of International Flavors & Fragrances from $169.00 to $161.00 and set a "buy" rating for the company in a report on Wednesday, July 13th. Mizuho lowered their target price on shares of International Flavors & Fragrances from $147.00 to $145.00 in a report on Wednesday, May 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of International Flavors & Fragrances from $165.00 to $145.00 in a report on Thursday, May 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $148.92.

International Flavors & Fragrances Trading Up 0.7 %

Shares of IFF stock opened at $123.06 on Tuesday. The stock has a market cap of $31.36 billion, a price-to-earnings ratio of 56.45, a price-to-earnings-growth ratio of 2.13 and a beta of 1.02. The company has a quick ratio of 1.17, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. International Flavors & Fragrances Inc. has a fifty-two week low of $105.38 and a fifty-two week high of $157.08. The firm's 50 day moving average price is $122.22 and its two-hundred day moving average price is $127.01.

International Flavors & Fragrances (NYSE:IFF – Get Rating) last announced its quarterly earnings results on Monday, May 9th. The specialty chemicals company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.38. The firm had revenue of $3.23 billion for the quarter, compared to analysts' expectations of $3.09 billion. International Flavors & Fragrances had a net margin of 4.48% and a return on equity of 6.89%. International Flavors & Fragrances's revenue was up 30.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 earnings per share. On average, analysts anticipate that International Flavors & Fragrances Inc. will post 5.76 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 6th. Stockholders of record on Friday, June 24th were given a dividend of $0.79 per share. The ex-dividend date was Thursday, June 23rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.57%. International Flavors & Fragrances's payout ratio is currently 144.95%.

Insider Transactions at International Flavors & Fragrances

In other news, insider De Villeplee Christoph Fauchon sold 629 shares of the business's stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $132.59, for a total transaction of $83,399.11. Following the transaction, the insider now directly owns 8,180 shares of the company's stock, valued at $1,084,586.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.20% of the company's stock.

About International Flavors & Fragrances

(Get Rating)

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 Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.