Schroder Investment Management Group Sells 96,535 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Schroder Investment Management Group decreased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 74.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 32,635 shares of the specialty chemicals company’s stock after selling 96,535 shares during the quarter. Schroder Investment Management Group’s holdings in International Flavors & Fragrances were worth $2,740,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in International Flavors & Fragrances in the fourth quarter worth $32,000. Fairway Wealth LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $34,000. Rialto Wealth Management LLC bought a new position in shares of International Flavors & Fragrances during the 4th quarter worth about $42,000. Principal Securities Inc. boosted its position in shares of International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 171 shares in the last quarter. Finally, Sugar Maple Asset Management LLC bought a new stake in International Flavors & Fragrances in the fourth quarter valued at about $78,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O’byrne acquired 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the acquisition, the director now directly owns 6,500 shares of the company’s stock, valued at approximately $522,860. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Trading Down 4.5 %

Shares of NYSE IFF opened at $73.01 on Monday. International Flavors & Fragrances Inc. has a 1-year low of $72.82 and a 1-year high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $81.66 and a two-hundred day moving average of $88.84. The company has a market cap of $18.67 billion, a PE ratio of 77.67, a P/E/G ratio of 1.45 and a beta of 1.21.

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

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 21st. This represents a $1.60 annualized dividend and a yield of 2.19%. International Flavors & Fragrances’s dividend payout ratio is currently 170.21%.

Analyst Ratings Changes

A number of research firms have weighed in on IFF. Oppenheimer decreased their price objective on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Wells Fargo & Company lowered their price target on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective for the company. in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $103.31.

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.