Signaturefd LLC Lowers Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Signaturefd LLC lowered its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 16.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,094 shares of the specialty chemicals company’s stock after selling 785 shares during the quarter. Signaturefd LLC’s holdings in International Flavors & Fragrances were worth $331,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IFF. Winder Pte. Ltd. purchased a new position in International Flavors & Fragrances during 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 during 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% during 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 buying an additional 996,629 shares during the last quarter. Nordea Investment Management AB raised its position in shares of International Flavors & Fragrances by 16.3% during 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 buying an additional 795,797 shares during the last quarter. Finally, Causeway Capital Management LLC bought a new stake in shares of International Flavors & Fragrances during the third quarter valued at approximately $51,492,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

IFF has been the topic of several recent analyst reports. Wolfe Research initiated coverage on shares of International Flavors & Fragrances in a research report on Friday, March 1st. They set an “underperform” rating on the stock. Barclays upgraded shares of International Flavors & Fragrances from an “underweight” rating to an “equal weight” rating in a research report on Thursday, April 18th. Wells Fargo & Company boosted their price target on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Finally, Mizuho boosted their price target on shares of International Flavors & Fragrances from $83.00 to $91.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Hold” and a consensus target price of $86.35.

International Flavors & Fragrances Trading Down 1.0 %

IFF stock opened at $84.33 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63. International Flavors & Fragrances Inc. has a twelve month low of $62.11 and a twelve month high of $97.49. The firm’s fifty day simple moving average is $81.99 and its two-hundred day simple moving average is $77.93.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.70 billion. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The company’s revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. Analysts predict that International Flavors & Fragrances Inc. will post 3.69 earnings per share for the current year.

International Flavors & Fragrances Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Thursday, March 21st. International Flavors & Fragrances’s dividend payout ratio is currently -15.94%.

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