Appian Way Asset Management LP Acquires New Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Appian Way Asset Management LP bought a new position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 31,400 shares of the specialty chemicals company's stock, valued at approximately $2,990,000. International Flavors & Fragrances makes up about 0.8% of Appian Way Asset Management LP's investment portfolio, making the stock its 24th largest position.

Several other institutional investors also recently made changes to their positions in the stock. Summit Trail Advisors LLC boosted its position in shares of International Flavors & Fragrances by 5.0% in the 2nd quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company's stock worth $236,000 after buying an additional 117 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of International Flavors & Fragrances by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 27,696 shares of the specialty chemicals company's stock worth $2,381,000 after buying an additional 130 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of International Flavors & Fragrances by 18.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 863 shares of the specialty chemicals company's stock worth $82,000 after buying an additional 132 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of International Flavors & Fragrances by 3.9% in the 4th quarter. Parallel Advisors LLC now owns 3,679 shares of the specialty chemicals company's stock worth $298,000 after buying an additional 138 shares in the last quarter. Finally, Pflug Koory LLC boosted its position in shares of International Flavors & Fragrances by 2.4% in the 1st quarter. Pflug Koory LLC now owns 6,522 shares of the specialty chemicals company's stock worth $561,000 after buying an additional 152 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Up 1.1 %

Shares of IFF stock traded up $1.10 during mid-day trading on Tuesday, reaching $104.59. 935,481 shares of the company were exchanged, compared to its average volume of 1,737,253. The company has a market capitalization of $26.71 billion, a P/E ratio of -10.71, a P/E/G ratio of 1.85 and a beta of 1.22. The business's 50 day simple moving average is $100.08 and its 200 day simple moving average is $94.19. 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 Inc. has a fifty-two week low of $62.28 and a fifty-two week high of $105.30.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The firm's revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 earnings per share. Research analysts predict that International Flavors & Fragrances Inc. will post 4.23 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances's dividend payout ratio is presently -16.38%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Citigroup boosted their price objective on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a "buy" rating in a research report on Friday, July 12th. JPMorgan Chase & Co. boosted their target price on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, September 6th. Wells Fargo & Company boosted their target price on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Thursday, August 8th. Mizuho raised shares of International Flavors & Fragrances from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Finally, Oppenheimer boosted their target price on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an "outperform" rating in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $103.87.

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.