Jacobs Levy Equity Management Inc. Has $1.21 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Jacobs Levy Equity Management Inc. lowered its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 34.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,103 shares of the specialty chemicals company’s stock after selling 7,476 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in International Flavors & Fragrances were worth $1,213,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Blue Bell Private Wealth Management LLC raised its stake in International Flavors & Fragrances by 3,000.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 300 shares during the last quarter. Riverview Trust Co bought a new stake in International Flavors & Fragrances in the first quarter valued at $27,000. Quent Capital LLC increased its stake in International Flavors & Fragrances by 183.2% in the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 240 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in International Flavors & Fragrances in the fourth quarter valued at $41,000. Finally, Fidelis Capital Partners LLC acquired a new position in shares of International Flavors & Fragrances during the first quarter valued at about $44,000. Institutional investors own 96.02% of the company’s stock.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $95.66, for a total transaction of $247,568.08. Following the completion of the transaction, the insider now directly owns 8,539 shares of the company’s stock, valued at approximately $816,840.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

IFF has been the topic of a number of research analyst reports. Robert W. Baird boosted their target price on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Stifel Nicolaus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their price target for the company from $95.00 to $115.00 in a research note on Monday, July 22nd. Mizuho upped their price target on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Wells Fargo & Company increased their target price on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. Finally, Barclays increased their target price on shares of International Flavors & Fragrances from $82.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $98.33.

International Flavors & Fragrances Stock Down 0.7 %

NYSE IFF opened at $98.83 on Friday. The company’s 50-day moving average price is $96.66 and its 200-day moving average price is $88.37. 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 Inc. has a 12 month low of $62.11 and a 12 month high of $101.89.

International Flavors & Fragrances (NYSE:IFF) last released 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. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.78 billion. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 earnings per share. As a group, sell-side analysts expect that International Flavors & Fragrances Inc. will post 3.98 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 20th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s payout ratio is currently -16.38%.

About International Flavors & Fragrances

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.