Ameriprise Financial Inc. Sells 18,533 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Ameriprise Financial Inc. trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 12.4% in the fourth quarter, Holdings Channel reports. The fund owned 130,551 shares of the specialty chemicals company’s stock after selling 18,533 shares during the quarter. Ameriprise Financial Inc.’s holdings in International Flavors & Fragrances were worth $11,055,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $32,000. Fairway Wealth LLC bought a new position in International Flavors & Fragrances during the 4th quarter worth $34,000. Rialto Wealth Management LLC bought a new position in International Flavors & Fragrances during the 4th quarter worth $42,000. Principal Securities Inc. raised its position in International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 171 shares during the last quarter. Finally, Sugar Maple Asset Management LLC bought a new position in International Flavors & Fragrances during the 4th quarter worth $78,000. 96.02% of the stock is currently owned by institutional investors.

Insider Activity

In other International Flavors & Fragrances news, Director Kevin O’byrne purchased 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 transaction, the director now owns 6,500 shares in the company, valued at $522,860. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J Erik Fyrwald purchased 700 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was acquired at an average cost of $74.00 per share, for a total transaction of $51,800.00. Following the transaction, the chief executive officer now owns 37,770 shares in the company, valued at $2,794,980. This represents a 1.89% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 11,200 shares of company stock worth $875,980 in the last three months. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

IFF has been the subject of several analyst reports. Robert W. Baird lowered their target price on International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th. Mizuho lowered their target price on International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Barclays raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $76.00 to $84.00 in a research report on Thursday, May 8th. UBS Group raised their target price on International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Finally, Citigroup increased their price target on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.54.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $77.68 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The stock has a 50-day moving average of $75.89 and a 200-day moving average of $82.55. The company has a market cap of $19.87 billion, a PE ratio of 82.64, a P/E/G ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances Inc. has a one year low of $65.85 and a one year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.12 by $0.08. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $1.13 EPS. On average, equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be paid a $0.40 dividend. The ex-dividend date is Friday, June 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.06%. International Flavors & Fragrances’s dividend payout ratio is presently -48.93%.

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.