International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Boston Private Wealth LLC

Boston Private Wealth LLC cut its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,723 shares of the specialty chemicals company’s stock after selling 70 shares during the period. Boston Private Wealth LLC’s holdings in International Flavors & Fragrances were worth $230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IFF. People s United Financial Inc. lifted its position in International Flavors & Fragrances by 1.5% during the second quarter. People s United Financial Inc. now owns 5,195 shares of the specialty chemicals company’s stock valued at $776,000 after buying an additional 79 shares in the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of International Flavors & Fragrances by 2.1% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 3,847 shares of the specialty chemicals company’s stock valued at $578,000 after acquiring an additional 79 shares during the period. Pinnacle Associates Ltd. raised its stake in shares of International Flavors & Fragrances by 3.9% in the 3rd quarter. Pinnacle Associates Ltd. now owns 2,080 shares of the specialty chemicals company’s stock valued at $278,000 after acquiring an additional 79 shares during the period. Everett Harris & Co. CA lifted its holdings in shares of International Flavors & Fragrances by 0.7% during the 3rd quarter. Everett Harris & Co. CA now owns 12,293 shares of the specialty chemicals company’s stock valued at $1,644,000 after acquiring an additional 80 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in International Flavors & Fragrances by 3.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,997 shares of the specialty chemicals company’s stock worth $448,000 after purchasing an additional 96 shares during the period. 90.37% of the stock is currently owned by institutional investors and hedge funds.

NYSE:IFF opened at $145.79 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.99 and a quick ratio of 1.32. The firm has a 50-day moving average of $146.56 and a two-hundred day moving average of $146.28. The stock has a market cap of $37.11 billion, a P/E ratio of 118.53, a PEG ratio of 2.97 and a beta of 1.03. International Flavors & Fragrances Inc. has a 1-year low of $109.54 and a 1-year high of $157.08.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Monday, November 8th. The specialty chemicals company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.08. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.02 billion. International Flavors & Fragrances had a net margin of 2.50% and a return on equity of 6.96%. The firm’s revenue for the quarter was up 142.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.40 EPS. As a group, equities analysts expect that International Flavors & Fragrances Inc. will post 5.62 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 7th. Stockholders of record on Tuesday, December 28th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, December 27th. This represents a $3.16 annualized dividend and a dividend yield of 2.17%. International Flavors & Fragrances’s payout ratio is 256.91%.

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on International Flavors & Fragrances from $162.00 to $170.00 and gave the company a “buy” rating in a report on Friday, November 12th. JPMorgan Chase & Co. increased their price target on International Flavors & Fragrances from $163.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, November 10th. Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating and set a $154.00 price target for the company in a report on Tuesday, December 14th. Jefferies Financial Group assumed coverage on International Flavors & Fragrances in a report on Thursday. They issued a “buy” rating and a $180.00 price target for the company. Finally, Wells Fargo & Company lowered their price target on International Flavors & Fragrances from $170.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, December 13th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Buy” and a consensus price target of $163.51.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products. It operates through the following segments: Taste and Scent. The Taste segment is sold to the food and beverage industries for use in consumer products such as prepared foods, beverages, dairy, food, and sweet products.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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