AQR Capital Management LLC Has $9.29 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

AQR Capital Management LLC lifted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 174.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,577 shares of the specialty chemicals company’s stock after buying an additional 62,017 shares during the quarter. AQR Capital Management LLC’s holdings in International Flavors & Fragrances were worth $9,290,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Nomura Holdings Inc. grew its holdings in International Flavors & Fragrances by 139.3% during the 4th quarter. Nomura Holdings Inc. now owns 1,372,685 shares of the specialty chemicals company’s stock worth $111,146,000 after acquiring an additional 798,946 shares during the period. Ilex Capital Partners UK LLP grew its stake in shares of International Flavors & Fragrances by 344.5% during the first quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock worth $72,877,000 after purchasing an additional 656,820 shares during the period. Albar Capital Ltd increased its holdings in International Flavors & Fragrances by 73.5% in the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock valued at $109,133,000 after purchasing an additional 485,433 shares during the last quarter. Clearfield Capital Management LP acquired a new position in International Flavors & Fragrances in the fourth quarter valued at about $28,771,000. Finally, Van ECK Associates Corp boosted its holdings in International Flavors & Fragrances by 7.8% during the first quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock worth $410,919,000 after buying an additional 344,377 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on IFF shares. Wells Fargo & Company increased their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. UBS Group reduced their price target on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Morgan Stanley boosted their price target on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a report on Wednesday, July 3rd. JPMorgan Chase & Co. raised their price objective on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Finally, Citigroup boosted their target price on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, International Flavors & Fragrances currently has an average rating of “Hold” and an average target price of $103.87.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $103.04 on Thursday. The stock has a market capitalization of $26.31 billion, a price-to-earnings ratio of -10.55, a PEG ratio of 1.85 and a beta of 1.22. International Flavors & Fragrances Inc. has a 12 month low of $62.28 and a 12 month high of $105.96. The firm has a fifty day simple moving average of $100.89 and a 200 day simple moving average of $95.04. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the company earned $0.86 EPS. International Flavors & Fragrances’s revenue for the quarter was down 1.4% compared to the same quarter last year. Research analysts forecast that International Flavors & Fragrances Inc. will post 4.23 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is currently -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.