International Flavors & Fragrances Inc. (NYSE:IFF) is Clark Estates Inc. NY’s 10th Largest Position

Posted by Defense World Staff on Mar 9th, 2023

Clark Estates Inc. NY boosted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) by 55.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,000 shares of the specialty chemicals company’s stock after buying an additional 55,000 shares during the period. International Flavors & Fragrances makes up about 3.1% of Clark Estates Inc. NY’s portfolio, making the stock its 10th biggest holding. Clark Estates Inc. NY owned about 0.06% of International Flavors & Fragrances worth $14,079,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IFF. Commonwealth Equity Services LLC grew its stake in shares of International Flavors & Fragrances by 3.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 11,161 shares of the specialty chemicals company’s stock worth $1,013,000 after buying an additional 352 shares in the last quarter. Horizon Investments LLC grew its position in International Flavors & Fragrances by 772.5% in the third quarter. Horizon Investments LLC now owns 19,039 shares of the specialty chemicals company’s stock worth $1,729,000 after acquiring an additional 16,857 shares in the last quarter. Macquarie Group Ltd. increased its stake in International Flavors & Fragrances by 14.9% during the third quarter. Macquarie Group Ltd. now owns 47,381 shares of the specialty chemicals company’s stock worth $4,308,000 after acquiring an additional 6,132 shares during the last quarter. Eaton Vance Management lifted its stake in shares of International Flavors & Fragrances by 2.8% in the 3rd quarter. Eaton Vance Management now owns 117,389 shares of the specialty chemicals company’s stock valued at $10,663,000 after purchasing an additional 3,182 shares during the last quarter. Finally, Tudor Investment Corp Et Al boosted its holdings in shares of International Flavors & Fragrances by 113.6% in the 3rd quarter. Tudor Investment Corp Et Al now owns 70,258 shares of the specialty chemicals company’s stock worth $6,382,000 after purchasing an additional 37,370 shares during the period. Hedge funds and other institutional investors own 88.86% of the company’s stock.

Wall Street Analysts Forecast Growth

IFF has been the subject of a number of analyst reports. Mizuho lowered their price target on International Flavors & Fragrances from $119.00 to $105.00 and set a “neutral” rating for the company in a research report on Friday, February 10th. Wells Fargo & Company lowered their target price on shares of International Flavors & Fragrances from $123.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, February 10th. UBS Group reduced their price objective on shares of International Flavors & Fragrances from $132.00 to $131.00 and set a “buy” rating on the stock in a research report on Thursday, February 9th. Deutsche Bank Aktiengesellschaft cut their target price on International Flavors & Fragrances from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, February 10th. Finally, Citigroup raised their price target on International Flavors & Fragrances from $100.00 to $114.00 in a research note on Thursday, December 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $117.31.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF opened at $87.99 on Thursday. The firm has a 50 day moving average of $104.66 and a 200 day moving average of $102.25. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.99 and a quick ratio of 1.15. International Flavors & Fragrances Inc. has a 52 week low of $83.14 and a 52 week high of $135.17.

International Flavors & Fragrances (NYSE:IFF – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.89 billion. International Flavors & Fragrances had a positive return on equity of 7.46% and a negative net margin of 14.81%. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 EPS. Equities research analysts predict that International Flavors & Fragrances Inc. will post 4.83 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Wednesday, December 28th were paid a dividend of $0.81 per share. The ex-dividend date was Tuesday, December 27th. This represents a $3.24 annualized dividend and a dividend yield of 3.68%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -44.88%.

International Flavors & Fragrances Profile

(Get Rating)

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.