M&T Bank Corp Sells 5,408 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

M&T Bank Corp lowered its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 335,997 shares of the specialty chemicals company’s stock after selling 5,408 shares during the period. M&T Bank Corp’s holdings in International Flavors & Fragrances were worth $27,207,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its position in International Flavors & Fragrances by 196.9% during the third quarter. Fifth Third Bancorp now owns 13,882 shares of the specialty chemicals company’s stock worth $946,000 after purchasing an additional 9,206 shares during the period. Cohen Capital Management Inc. purchased a new position in International Flavors & Fragrances in the 4th quarter valued at approximately $226,000. Compagnie Lombard Odier SCmA raised its holdings in International Flavors & Fragrances by 93.6% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 85,140 shares of the specialty chemicals company’s stock valued at $6,894,000 after acquiring an additional 41,173 shares during the period. Comerica Bank purchased a new stake in shares of International Flavors & Fragrances during the third quarter worth $4,171,000. Finally, Camelot Portfolios LLC purchased a new position in shares of International Flavors & Fragrances in the fourth quarter valued at $1,180,000. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on IFF shares. Jefferies Financial Group raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their target price for the company from $73.00 to $112.00 in a report on Friday, January 12th. Mizuho raised their price target on shares of International Flavors & Fragrances from $83.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Robert W. Baird increased their price objective on International Flavors & Fragrances from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. UBS Group boosted their target price 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. Finally, Stifel Nicolaus lowered their price target on International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $86.35.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock traded down $0.17 during trading on Friday, hitting $86.64. 1,501,753 shares of the stock traded hands, compared to its average volume of 1,358,243. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. The stock has a market cap of $22.12 billion, a price-to-earnings ratio of -8.63, a PEG ratio of 1.94 and a beta of 1.21. The firm’s fifty day moving average is $82.62 and its 200-day moving average is $78.78. International Flavors & Fragrances Inc. has a 52 week low of $62.11 and a 52 week high of $97.49.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data 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). The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.70 billion. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. International Flavors & Fragrances’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 earnings per share. Research analysts expect that International Flavors & Fragrances Inc. will post 3.68 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 21st will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.85%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio is presently -15.94%.

International Flavors & Fragrances Company 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.