Natixis Advisors LLC Has $16.10 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Key Points

• Natixis Advisors LLC increased its holdings in International Flavors & Fragrances by 14.4%, acquiring an additional 26,184 shares, bringing its total to 207,488 shares valued at approximately $16.1 million.
• The company recently reported a quarterly earnings per share (EPS) of $1.20, exceeding the consensus estimate of $1.12, despite a 1.9% decline in year-over-year revenue.
• International Flavors & Fragrances declared a $0.40 per share quarterly dividend, with an annualized yield of 2.3%, set to be paid on October 10th.

Natixis Advisors LLC boosted its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 14.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 207,488 shares of the specialty chemicals company's stock after purchasing an additional 26,184 shares during the quarter. Natixis Advisors LLC owned about 0.08% of International Flavors & Fragrances worth $16,103,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in IFF. Wahed Invest LLC lifted its position in International Flavors & Fragrances by 2.1% during the fourth quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company's stock valued at $536,000 after purchasing an additional 130 shares during the period. Commerce Bank lifted its holdings in shares of International Flavors & Fragrances by 3.8% in the 4th quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company's stock worth $350,000 after acquiring an additional 152 shares during the last quarter. Byrne Asset Management LLC increased its position in shares of International Flavors & Fragrances by 3.3% in the 1st quarter. Byrne Asset Management LLC now owns 6,637 shares of the specialty chemicals company's stock valued at $515,000 after purchasing an additional 210 shares during the last quarter. Huntington National Bank boosted its holdings in International Flavors & Fragrances by 5.3% in the fourth quarter. Huntington National Bank now owns 4,314 shares of the specialty chemicals company's stock valued at $365,000 after purchasing an additional 219 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in International Flavors & Fragrances by 6.6% during the fourth quarter. Bessemer Group Inc. now owns 3,515 shares of the specialty chemicals company's stock worth $297,000 after buying an additional 219 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Tigress Financial began coverage on International Flavors & Fragrances in a report on Wednesday, June 4th. They issued a "buy" rating and a $105.00 price target for the company. Wells Fargo & Company dropped their target price on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday. Mizuho dropped their price target on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. UBS Group dropped their price target on shares of International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Robert W. Baird lowered their price objective on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $92.79.

Insider Transactions at International Flavors & Fragrances

In related news, Director Hernandez Margarita Palau purchased 850 shares of the business's stock in a transaction dated Monday, May 19th. The stock was bought at an average cost of $77.42 per share, with a total value of $65,807.00. Following the completion of the acquisition, the director directly owned 2,393 shares in the company, valued at $185,266.06. The trade was a 55.09% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen N. Landsman purchased 12,000 shares of the company's stock in a transaction on Monday, May 19th. The shares were purchased at an average price of $77.28 per share, with a total value of $927,360.00. Following the completion of the purchase, the executive vice president directly owned 12,000 shares of the company's stock, valued at $927,360. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 21,350 shares of company stock valued at $1,636,712. 0.20% of the stock is owned by company insiders.

International Flavors & Fragrances Stock Down 3.0%

NYSE:IFF traded down $1.96 during mid-day trading on Thursday, reaching $64.21. The company's stock had a trading volume of 4,927,790 shares, compared to its average volume of 1,762,978. The firm has a market capitalization of $16.42 billion, a PE ratio of -41.42, a price-to-earnings-growth ratio of 3.12 and a beta of 1.04. The stock has a fifty day moving average of $75.15 and a 200-day moving average of $77.68. International Flavors & Fragrances Inc. has a 1 year low of $63.71 and a 1 year high of $106.77. The company has a quick ratio of 1.39, a current ratio of 1.87 and a debt-to-equity ratio of 0.58.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. The business had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.69 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 8.01%. The company's quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.16 earnings per share. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be paid a $0.40 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. International Flavors & Fragrances's payout ratio is -103.23%.

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.