Forum Financial Management LP Takes Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Forum Financial Management LP bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,461 shares of the specialty chemicals company’s stock, valued at approximately $258,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth $27,000. Family Firm Inc. purchased a new stake in International Flavors & Fragrances during the second quarter valued at about $38,000. Oakworth Capital Inc. acquired a new stake in International Flavors & Fragrances during the third quarter worth about $44,000. Eastern Bank acquired a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at about $46,000. Finally, MCF Advisors LLC grew its holdings in shares of International Flavors & Fragrances by 1,856.0% during the 2nd quarter. MCF Advisors LLC now owns 489 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 464 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IFF. Stifel Nicolaus increased their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Citigroup increased their target price on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. boosted their price target on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Barclays increased their price objective on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, UBS Group reduced their target price on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average price target of $107.86.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $99.10 on Wednesday. The firm has a market cap of $25.34 billion, a PE ratio of -10.75, a price-to-earnings-growth ratio of 1.76 and a beta of 1.22. International Flavors & Fragrances Inc. has a 1 year low of $69.73 and a 1 year high of $106.77. The firm’s 50-day simple moving average is $102.97 and its 200-day simple moving average is $98.06. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. International Flavors & Fragrances’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. Equities analysts forecast that International Flavors & Fragrances Inc. will post 4.24 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is presently -17.35%.

About International Flavors & Fragrances

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.