Massachusetts Financial Services Co. MA Has $210.70 Million Stock Position in International Flavors & Fragrances Inc. $IFF

by · The Markets Daily

Massachusetts Financial Services Co. MA reduced its holdings in International Flavors & Fragrances Inc. (NYSE:IFF – Free Report) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,423,839 shares of the specialty chemicals company’s stock after selling 90,996 shares during the period. Massachusetts Financial Services Co. MA’s holdings in International Flavors & Fragrances were worth $210,703,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of IFF. True Wealth Design LLC grew its stake in shares of International Flavors & Fragrances by 896.4% in the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 493 shares during the last quarter. American National Bank & Trust boosted its holdings in International Flavors & Fragrances by 11,975.0% in the 2nd quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 479 shares during the period. Elkhorn Partners Limited Partnership grew its position in International Flavors & Fragrances by 200.0% in the 2nd quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 400 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 210 shares during the period. Finally, Eastern Bank raised its position in shares of International Flavors & Fragrances by 43.9% during the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 193 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Trading Up 1.3%

Shares of IFF opened at $71.73 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. The stock has a market cap of $18.37 billion, a PE ratio of -44.28, a PEG ratio of 2.69 and a beta of 1.04. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $88.09. The stock has a 50 day simple moving average of $67.17 and a 200-day simple moving average of $66.83.

International Flavors & Fragrances (NYSE:IFF – Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The business’s revenue was down 7.9% compared to the same quarter last year. On average, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were given a dividend of $0.40 per share. The ex-dividend date was Friday, December 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -98.77%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. UBS Group lifted their target price on International Flavors & Fragrances from $68.00 to $71.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Bank of America lifted their price objective on International Flavors & Fragrances from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. BNP Paribas lowered their price objective on International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. Argus reduced their target price on International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Finally, Berenberg Bank lowered their price target on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a report on Monday, September 29th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus target price of $85.66.

Check Out Our Latest Stock Analysis on IFF

International Flavors & Fragrances Profile

(Free Report)

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.

Further Reading

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