E. Ohman J or Asset Management AB Has $1.05 Million Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

E. Ohman J or Asset Management AB trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 9.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,034 shares of the specialty chemicals company’s stock after selling 1,000 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in International Flavors & Fragrances were worth $1,053,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in shares of International Flavors & Fragrances in the third quarter valued at $27,000. Quent Capital LLC raised its stake in shares of International Flavors & Fragrances by 183.2% in the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Family Firm Inc. acquired a new position in shares of International Flavors & Fragrances in the second quarter valued at $38,000. Oakworth Capital Inc. acquired a new position in International Flavors & Fragrances during the third quarter worth $44,000. Finally, Eastern Bank acquired a new position in International Flavors & Fragrances during the third quarter worth $46,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $101.45 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. International Flavors & Fragrances Inc. has a 12-month low of $63.21 and a 12-month high of $106.77. The stock has a market cap of $25.94 billion, a price-to-earnings ratio of -11.00, a P/E/G ratio of 1.86 and a beta of 1.22. The business’s 50-day simple moving average is $102.89 and its 200 day simple moving average is $97.20.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the business earned $0.86 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. As a group, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -17.35%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IFF. JPMorgan Chase & Co. increased their price objective on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their target price for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Morgan Stanley raised their target price on International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 3rd. Oppenheimer raised their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company raised their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.86.

International Flavors & Fragrances Company 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 the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.