International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 4,070,000 shares, a growth of 27.6% from the November 30th total of 3,190,000 shares. Based on an average daily volume of 1,850,000 shares, the days-to-cover ratio is currently 2.2 days.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Illinois Municipal Retirement Fund grew its position in shares of International Flavors & Fragrances by 81.9% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 4,977 shares of the specialty chemicals company’s stock valued at $593,000 after buying an additional 2,241 shares during the last quarter. KBC Group NV grew its position in shares of International Flavors & Fragrances by 1.8% in the 2nd quarter. KBC Group NV now owns 16,147 shares of the specialty chemicals company’s stock valued at $1,923,000 after buying an additional 287 shares during the last quarter. US Bancorp DE boosted its stake in International Flavors & Fragrances by 3.3% during the 2nd quarter. US Bancorp DE now owns 19,923 shares of the specialty chemicals company’s stock worth $2,373,000 after purchasing an additional 643 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in International Flavors & Fragrances by 22.3% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,878 shares of the specialty chemicals company’s stock worth $171,000 after purchasing an additional 342 shares during the period. Finally, Ensign Peak Advisors Inc boosted its stake in International Flavors & Fragrances by 12.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 903,370 shares of the specialty chemicals company’s stock worth $107,611,000 after purchasing an additional 96,507 shares during the period. 88.86% of the stock is owned by hedge funds and other institutional investors.
International Flavors & Fragrances Stock Down 0.3 %
NYSE:IFF opened at $104.84 on Friday. The company has a current ratio of 1.79, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average is $100.84 and its two-hundred day moving average is $107.33. International Flavors & Fragrances has a 1-year low of $83.14 and a 1-year high of $151.86.
International Flavors & Fragrances (NYSE:IFF – Get Rating) last announced its quarterly earnings data on Monday, November 7th. The specialty chemicals company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.06. International Flavors & Fragrances had a negative net margin of 13.91% and a positive return on equity of 7.31%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. As a group, equities analysts anticipate that International Flavors & Fragrances will post 5.54 earnings per share for the current fiscal year.
International Flavors & Fragrances Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Wednesday, December 28th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Tuesday, December 27th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -47.09%.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on IFF. Societe Generale reduced their price objective on shares of International Flavors & Fragrances from $170.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, November 9th. JPMorgan Chase & Co. lowered shares of International Flavors & Fragrances from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $125.00 to $96.00 in a research report on Wednesday, November 9th. Mizuho reduced their target price on shares of International Flavors & Fragrances from $145.00 to $116.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 9th. StockNews.com lowered shares of International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Wells Fargo & Company raised their target price on shares of International Flavors & Fragrances from $105.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, December 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Hold” and a consensus price target of $122.63.
About International Flavors & Fragrances
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 Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider International Flavors & Fragrances, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and International Flavors & Fragrances wasn’t on the list.
While International Flavors & Fragrances currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: news.google.com
