Shell Asset Management Co. Decreases Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Shell Asset Management Co. trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 40.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,890 shares of the specialty chemicals company’s stock after selling 3,387 shares during the period. Shell Asset Management Co.’s holdings in International Flavors & Fragrances were worth $420,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its stake in shares of International Flavors & Fragrances by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 27,696 shares of the specialty chemicals company’s stock worth $2,381,000 after acquiring an additional 130 shares during the last quarter. Parallel Advisors LLC raised its stake in International Flavors & Fragrances by 3.9% during the 4th quarter. Parallel Advisors LLC now owns 3,679 shares of the specialty chemicals company’s stock worth $298,000 after acquiring an additional 138 shares during the period. Pflug Koory LLC lifted its holdings in International Flavors & Fragrances by 2.4% during the first quarter. Pflug Koory LLC now owns 6,522 shares of the specialty chemicals company’s stock valued at $561,000 after purchasing an additional 152 shares in the last quarter. IFG Advisory LLC boosted its holdings in International Flavors & Fragrances by 4.0% in the 4th quarter. IFG Advisory LLC now owns 4,000 shares of the specialty chemicals company’s stock worth $324,000 after buying an additional 155 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in International Flavors & Fragrances by 21.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 901 shares of the specialty chemicals company’s stock worth $73,000 after buying an additional 157 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Trading Up 1.7 %

IFF opened at $98.84 on Friday. The stock’s 50 day moving average price is $96.45 and its 200-day moving average price is $87.83. International Flavors & Fragrances Inc. has a one year low of $62.11 and a one year high of $99.91. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.68. The stock has a market cap of $25.24 billion, a price-to-earnings ratio of -10.12, a P/E/G ratio of 1.91 and a beta of 1.26.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.27. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share. On average, equities analysts forecast that International Flavors & Fragrances Inc. will post 3.98 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, June 21st. This represents a $1.60 annualized dividend and a yield of 1.62%. International Flavors & Fragrances’s payout ratio is currently -16.38%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider Angela Strzelecki sold 2,588 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total transaction of $247,568.08. Following the transaction, the insider now owns 8,539 shares in the company, valued at $816,840.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barclays increased their target price on International Flavors & Fragrances from $82.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. Oppenheimer started coverage on shares of International Flavors & Fragrances in a research note on Friday, June 7th. They issued an “outperform” rating and a $116.00 price target on the stock. Citigroup raised their price objective on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Bank of America boosted their target price on International Flavors & Fragrances from $87.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. Finally, Wells Fargo & Company raised their target price on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $98.33.

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.