International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 229,310 shares of the specialty chemicals company’s stock after selling 2,205 shares during the period. Envestnet Asset Management Inc. owned approximately 0.09% of International Flavors & Fragrances worth $19,388,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new position in International Flavors & Fragrances in the third quarter valued at about $406,000. Tidal Investments LLC grew its stake in shares of International Flavors & Fragrances by 9.3% in the third quarter. Tidal Investments LLC now owns 8,809 shares of the specialty chemicals company’s stock valued at $924,000 after buying an additional 750 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of International Flavors & Fragrances by 2.1% during the 3rd quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company’s stock valued at $49,388,000 after buying an additional 9,555 shares during the period. Versant Capital Management Inc lifted its position in International Flavors & Fragrances by 46.8% during the 4th quarter. Versant Capital Management Inc now owns 1,041 shares of the specialty chemicals company’s stock worth $88,000 after acquiring an additional 332 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its holdings in International Flavors & Fragrances by 8.2% in the 4th quarter. Central Pacific Bank Trust Division now owns 10,600 shares of the specialty chemicals company’s stock worth $896,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Kevin O’byrne acquired 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $80.44 per share, with a total value of $522,860.00. Following the acquisition, the director now directly owns 6,500 shares in the company, valued at approximately $522,860. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on IFF shares. Wells Fargo & Company reduced their target price on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Oppenheimer cut their price objective on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Cfra downgraded International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price for the company. in a research note on Thursday, February 20th. Stifel Nicolaus cut their price target on International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, Morgan Stanley lowered their price objective on International Flavors & Fragrances from $106.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.23.

International Flavors & Fragrances Stock Up 0.4 %

Shares of NYSE:IFF opened at $73.43 on Tuesday. The company’s fifty day moving average is $79.16 and its two-hundred day moving average is $87.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77. The stock has a market capitalization of $18.78 billion, a price-to-earnings ratio of 78.12, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 21st were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio is presently 170.21%.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.