Mutual Advisors LLC Sells 441 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Mutual Advisors LLC lowered its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,491 shares of the specialty chemicals company’s stock after selling 441 shares during the quarter. Mutual Advisors LLC’s holdings in International Flavors & Fragrances were worth $687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of IFF. Clear Street Markets LLC bought a new position in International Flavors & Fragrances in the 4th quarter worth $27,000. Penserra Capital Management LLC bought a new position in International Flavors & Fragrances in the 4th quarter worth $31,000. Covestor Ltd raised its holdings in International Flavors & Fragrances by 48.8% in the 1st quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 80 shares during the period. West Tower Group LLC bought a new position in International Flavors & Fragrances in the 2nd quarter worth $35,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of International Flavors & Fragrances by 241.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 526 shares during the period. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

IFF has been the topic of several research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Jefferies Financial Group upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $73.00 to $112.00 in a report on Friday, January 12th. Citigroup dropped their price objective on shares of International Flavors & Fragrances from $85.00 to $81.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Wolfe Research initiated coverage on shares of International Flavors & Fragrances in a report on Friday, March 1st. They set an “underperform” rating on the stock. Finally, Barclays boosted their price objective on shares of International Flavors & Fragrances from $64.00 to $69.00 and gave the stock an “underweight” rating in a report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $84.29.

International Flavors & Fragrances Stock Up 5.2 %

Shares of NYSE:IFF opened at $85.64 on Thursday. International Flavors & Fragrances Inc. has a 52 week low of $62.11 and a 52 week high of $97.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67. The company has a market capitalization of $21.87 billion, a PE ratio of -8.53, a PEG ratio of 1.82 and a beta of 1.22. The company has a 50 day moving average price of $80.27 and a two-hundred day moving average price of $75.45.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.03). International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the company earned $0.97 EPS. The firm’s revenue was down 5.0% on a year-over-year basis. Analysts forecast that International Flavors & Fragrances Inc. will post 3.71 earnings per share for the current year.

International Flavors & Fragrances Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Friday, March 22nd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Thursday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -15.94%.

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.