Coldstream Capital Management Inc. Buys 730 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Coldstream Capital Management Inc. boosted its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 23.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,832 shares of the specialty chemicals company’s stock after purchasing an additional 730 shares during the period. Coldstream Capital Management Inc.’s holdings in International Flavors & Fragrances were worth $310,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of IFF. Winder Pte. Ltd. bought a new stake in shares of International Flavors & Fragrances in the third quarter valued at approximately $1,728,544,000. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of International Flavors & Fragrances in the third quarter valued at approximately $95,612,000. Van ECK Associates Corp raised its position in shares of International Flavors & Fragrances by 34.0% in the third quarter. Van ECK Associates Corp now owns 3,927,108 shares of the specialty chemicals company’s stock valued at $267,711,000 after purchasing an additional 996,629 shares during the period. Norges Bank bought a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $79,812,000. Finally, Nordea Investment Management AB raised its position in shares of International Flavors & Fragrances by 16.3% in the third quarter. Nordea Investment Management AB now owns 5,672,776 shares of the specialty chemicals company’s stock valued at $388,358,000 after purchasing an additional 795,797 shares during the period. Institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on IFF. StockNews.com raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Wolfe Research began coverage on shares of International Flavors & Fragrances in a research note on Friday, March 1st. They set an “underperform” rating for the company. Bank of America boosted their price objective on shares of International Flavors & Fragrances from $87.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. Barclays boosted their price objective on shares of International Flavors & Fragrances from $82.00 to $93.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. Finally, Wells Fargo & Company boosted their price objective on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $94.41.

International Flavors & Fragrances Trading Up 1.8 %

Shares of IFF opened at $96.14 on Friday. The firm has a market cap of $24.55 billion, a price-to-earnings ratio of -9.84, a PEG ratio of 1.96 and a beta of 1.21. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.68. International Flavors & Fragrances Inc. has a fifty-two week low of $62.11 and a fifty-two week high of $99.91. The firm has a 50 day moving average price of $88.05 and a 200-day moving average price of $81.84.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.27. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.78 billion. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 EPS. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 3.85 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.66%. International Flavors & Fragrances’s payout ratio is -16.38%.

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 the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.