HB Wealth Management LLC Reduces Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

HB Wealth Management LLC cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 22.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,531 shares of the specialty chemicals company’s stock after selling 1,014 shares during the quarter. HB Wealth Management LLC’s holdings in International Flavors & Fragrances were worth $304,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. OFI Invest Asset Management boosted its holdings in International Flavors & Fragrances by 2.6% in the first quarter. OFI Invest Asset Management now owns 200,865 shares of the specialty chemicals company’s stock worth $15,993,000 after acquiring an additional 5,024 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of International Flavors & Fragrances by 4.2% during the first quarter. Commonwealth Equity Services LLC now owns 43,204 shares of the specialty chemicals company’s stock worth $3,715,000 after purchasing an additional 1,724 shares during the period. Greenleaf Trust lifted its holdings in shares of International Flavors & Fragrances by 3.1% during the first quarter. Greenleaf Trust now owns 11,924 shares of the specialty chemicals company’s stock worth $1,025,000 after purchasing an additional 353 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of International Flavors & Fragrances by 19.4% during the first quarter. Principal Financial Group Inc. now owns 343,569 shares of the specialty chemicals company’s stock worth $29,544,000 after purchasing an additional 55,770 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of International Flavors & Fragrances by 15.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,823 shares of the specialty chemicals company’s stock worth $759,000 after purchasing an additional 1,191 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on IFF. StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Barclays lifted their target price on International Flavors & Fragrances from $82.00 to $93.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. Citigroup lifted their target price on International Flavors & Fragrances from $100.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Argus cut International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Finally, Bank of America lifted their price target on International Flavors & Fragrances from $87.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Hold” and an average target price of $95.78.

International Flavors & Fragrances Trading Down 0.1 %

Shares of International Flavors & Fragrances stock traded down $0.13 during trading hours on Friday, hitting $94.89. The company’s stock had a trading volume of 308,290 shares, compared to its average volume of 1,944,141. International Flavors & Fragrances Inc. has a twelve month low of $62.11 and a twelve month high of $99.91. The firm has a fifty day moving average of $94.81 and a 200-day moving average of $85.98. The stock has a market cap of $24.23 billion, a price-to-earnings ratio of -9.62, a P/E/G ratio of 1.88 and a beta of 1.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.68.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.86 by $0.27. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the prior year, the company posted $0.87 EPS. The company’s quarterly revenue was down 4.2% on a year-over-year basis. Research analysts forecast that International Flavors & Fragrances Inc. will post 3.97 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.69%. International Flavors & Fragrances’s dividend payout ratio is presently -16.38%.

Insiders Place Their Bets

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $95.66, for a total transaction of $247,568.08. Following the sale, the insider now owns 8,539 shares in the company, valued at approximately $816,840.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.09% of the stock is owned by company insiders.

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.