Private Management Group Inc. Sells 1,398 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Private Management Group Inc. reduced its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 132,972 shares of the specialty chemicals company’s stock after selling 1,398 shares during the period. Private Management Group Inc. owned 0.05% of International Flavors & Fragrances worth $10,767,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC increased its holdings in shares of International Flavors & Fragrances by 3,000.0% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in International Flavors & Fragrances during the fourth quarter worth approximately $41,000. Parkside Financial Bank & Trust increased its stake in shares of International Flavors & Fragrances by 241.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 526 shares during the last quarter. Janiczek Wealth Management LLC increased its stake in shares of International Flavors & Fragrances by 466.7% in the 4th quarter. Janiczek Wealth Management LLC now owns 918 shares of the specialty chemicals company’s stock worth $74,000 after acquiring an additional 756 shares during the last quarter. Finally, Roble Belko & Company Inc acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter worth $89,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barclays raised International Flavors & Fragrances from an “underweight” rating to an “equal weight” rating in a research report on Thursday, April 18th. StockNews.com upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. UBS Group lifted their price target on International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Mizuho boosted their target price on International Flavors & Fragrances from $83.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Finally, Jefferies Financial Group raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and boosted their target price for the company from $73.00 to $112.00 in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Hold” and an average target price of $86.35.

International Flavors & Fragrances Trading Down 0.3 %

Shares of IFF stock traded down $0.29 during trading hours on Wednesday, reaching $85.14. The company had a trading volume of 1,061,815 shares, compared to its average volume of 2,131,009. International Flavors & Fragrances Inc. has a twelve month low of $62.11 and a twelve month high of $97.49. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02. The stock’s fifty day simple moving average is $81.81 and its 200 day simple moving average is $77.83.

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

International Flavors & Fragrances Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, March 21st. International Flavors & Fragrances’s dividend payout ratio is currently -15.94%.

International Flavors & Fragrances 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.