M&R Capital Management Inc. Buys New Shares in International Flavors & Fragrances Inc. (NYSE:IFF)

M&R Capital Management Inc. acquired a new stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 1,070 shares of the specialty chemicals company’s stock, valued at approximately $85,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IFF. Fairfield Bush & CO. boosted its holdings in shares of International Flavors & Fragrances by 11.7% during the 1st quarter. Fairfield Bush & CO. now owns 4,791 shares of the specialty chemicals company’s stock valued at $629,000 after purchasing an additional 500 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of International Flavors & Fragrances by 19.8% during the 1st quarter. American Century Companies Inc. now owns 3,380 shares of the specialty chemicals company’s stock worth $444,000 after acquiring an additional 558 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of International Flavors & Fragrances by 10.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,844 shares of the specialty chemicals company’s stock valued at $767,000 after purchasing an additional 574 shares in the last quarter. Raymond James Trust N.A. raised its stake in International Flavors & Fragrances by 2.4% during the first quarter. Raymond James Trust N.A. now owns 3,792 shares of the specialty chemicals company’s stock valued at $498,000 after purchasing an additional 90 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its holdings in shares of International Flavors & Fragrances by 31.5% in the 1st quarter. Vontobel Holding Ltd. now owns 3,684 shares of the specialty chemicals company’s stock worth $483,000 after buying an additional 883 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Trading Up 2.3 %

NYSE:IFF opened at $69.10 on Friday. The firm has a market cap of $17.64 billion, a P/E ratio of -8.09, a P/E/G ratio of 5.36 and a beta of 1.12. International Flavors & Fragrances Inc. has a one year low of $62.11 and a one year high of $118.34. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 1.64. The firm has a 50-day simple moving average of $73.78 and a 200-day simple moving average of $81.82.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Monday, August 7th. The specialty chemicals company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.24). The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $3.07 billion. International Flavors & Fragrances had a positive return on equity of 5.91% and a negative net margin of 18.34%. The company’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.54 earnings per share. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 3.3 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 22nd will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $3.24 dividend on an annualized basis and a yield of 4.69%. International Flavors & Fragrances’s payout ratio is -37.94%.

Analyst Upgrades and Downgrades

IFF has been the topic of several analyst reports. Mizuho reduced their price objective on International Flavors & Fragrances from $105.00 to $70.00 in a research note on Thursday, August 10th. StockNews.com initiated coverage on shares of International Flavors & Fragrances in a research report on Thursday, August 17th. They set a “sell” rating on the stock. Citigroup dropped their price target on shares of International Flavors & Fragrances from $84.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, August 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of International Flavors & Fragrances from $110.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Finally, Bank of America cut their target price on International Flavors & Fragrances from $102.00 to $82.00 in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $79.57.

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