Eisler Capital US LLC Purchases New Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Eisler Capital US LLC purchased a new stake in International Flavors & Fragrances Inc. (NYSE:IFF) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 110,798 shares of the specialty chemicals company’s stock, valued at approximately $10,189,000. International Flavors & Fragrances accounts for 0.8% of Eisler Capital US LLC’s investment portfolio, making the stock its 5th largest position.

Other large investors have also recently modified their holdings of the company. Covestor Ltd raised its stake in International Flavors & Fragrances by 48.8% in the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 80 shares in the last quarter. Clear Street Markets LLC bought a new position in International Flavors & Fragrances in the fourth quarter worth approximately $27,000. Penserra Capital Management LLC bought a new position in International Flavors & Fragrances in the fourth quarter worth approximately $31,000. First Horizon Advisors Inc. raised its stake in International Flavors & Fragrances by 395.7% in the fourth quarter. First Horizon Advisors Inc. now owns 347 shares of the specialty chemicals company’s stock worth $36,000 after buying an additional 277 shares in the last quarter. Finally, Pinnacle Bancorp Inc. bought a new position in International Flavors & Fragrances in the first quarter worth approximately $41,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

International Flavors & Fragrances Price Performance

NYSE IFF opened at $68.47 on Friday. International Flavors & Fragrances Inc. has a 1 year low of $62.11 and a 1 year high of $118.97. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 0.93. The company has a market cap of $17.48 billion, a price-to-earnings ratio of -8.10, a PEG ratio of 5.63 and a beta of 1.12. The stock’s fifty day moving average price is $74.86 and its 200 day moving average price is $82.74.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, August 7th. The specialty chemicals company reported $0.86 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.24). International Flavors & Fragrances had a negative net margin of 18.34% and a positive return on equity of 5.91%. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the company posted $1.54 earnings per share. International Flavors & Fragrances’s revenue for the quarter was down 12.1% compared to the same quarter last year. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 3.3 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 22nd will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend is Thursday, September 21st. International Flavors & Fragrances’s payout ratio is currently -37.94%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of International Flavors & Fragrances from $110.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th. StockNews.com assumed coverage on International Flavors & Fragrances in a research report on Thursday, August 17th. They set a “sell” rating on the stock. Wells Fargo & Company reduced their price target on International Flavors & Fragrances from $93.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 9th. Credit Suisse Group reduced their price target on International Flavors & Fragrances from $110.00 to $95.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 8th. Finally, Societe Generale downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $79.86.

International Flavors & Fragrances 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 Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through four segments: Nourish, Scent, Health & Biosciences, and Pharma Solutions.