Baldwin Brothers LLC MA Invests $94,000 in International Flavors & Fragrances Inc. (NYSE:IFF)

Posted by on Apr 9th, 2023

Baldwin Brothers LLC MA bought a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 900 shares of the specialty chemicals company’s stock, valued at approximately $94,000.

Other institutional investors also recently added to or reduced their stakes in the company. First Pacific Advisors LP raised its position in shares of International Flavors & Fragrances by 58.9% during the 3rd quarter. First Pacific Advisors LP now owns 2,497,364 shares of the specialty chemicals company’s stock worth $226,836,000 after buying an additional 925,805 shares in the last quarter. Nomura Holdings Inc. lifted its position in International Flavors & Fragrances by 213.2% in the third quarter. Nomura Holdings Inc. now owns 1,184,676 shares of the specialty chemicals company’s stock worth $107,551,000 after purchasing an additional 806,452 shares during the period. Van ECK Associates Corp boosted its stake in International Flavors & Fragrances by 1,214.0% during the 3rd quarter. Van ECK Associates Corp now owns 813,170 shares of the specialty chemicals company’s stock valued at $73,861,000 after purchasing an additional 751,284 shares in the last quarter. Sarasin & Partners LLP increased its position in shares of International Flavors & Fragrances by 49.1% during the 3rd quarter. Sarasin & Partners LLP now owns 2,215,039 shares of the specialty chemicals company’s stock valued at $201,192,000 after purchasing an additional 729,316 shares during the period. Finally, Icahn Carl C acquired a new stake in shares of International Flavors & Fragrances in the first quarter valued at $84,643,000. Institutional investors and hedge funds own 88.86% of the company’s stock.

International Flavors & Fragrances Trading Up 1.3 %

International Flavors & Fragrances stock opened at $91.45 on Friday. The firm’s 50 day moving average price is $93.88 and its two-hundred day moving average price is $98.56. The company has a current ratio of 1.99, a quick ratio of 1.15 and a debt-to-equity ratio of 0.59. International Flavors & Fragrances Inc. has a twelve month low of $81.53 and a twelve month high of $135.17.

International Flavors & Fragrances (NYSE:IFF – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. International Flavors & Fragrances had a positive return on equity of 7.46% and a negative net margin of 14.81%. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the firm earned $1.10 earnings per share. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, analysts forecast that International Flavors & Fragrances Inc. will post 4.87 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 6th. Investors of record on Friday, March 24th were given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 3.54%. The ex-dividend date was Thursday, March 23rd. International Flavors & Fragrances’s payout ratio is presently -44.88%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IFF shares. Mizuho reduced their price objective on shares of 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 dropped their price target on International Flavors & Fragrances from $123.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, February 10th. Bank of America upgraded International Flavors & Fragrances from an “underperform” rating to a “neutral” rating and decreased their target price for the stock from $121.00 to $106.00 in a report on Friday, February 10th. Barclays reduced their target price on International Flavors & Fragrances from $82.00 to $81.00 and set an “underweight” rating for the company in a report on Wednesday, March 29th. Finally, Credit Suisse Group cut their price objective on International Flavors & Fragrances from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, February 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances currently has an average rating of “Hold” and an average price target of $114.73.

About International Flavors & Fragrances

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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.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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