Crumly & Associates Inc. Sells 2,040 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Crumly & Associates Inc. trimmed its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 29.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,786 shares of the specialty chemicals company’s stock after selling 2,040 shares during the quarter. Crumly & Associates Inc.’s holdings in International Flavors & Fragrances were worth $456,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $380,000. Natixis Advisors L.P. boosted its position in International Flavors & Fragrances by 28.7% during the 4th quarter. Natixis Advisors L.P. now owns 126,027 shares of the specialty chemicals company’s stock worth $10,204,000 after acquiring an additional 28,114 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of International Flavors & Fragrances by 12.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 7,632 shares of the specialty chemicals company’s stock worth $618,000 after acquiring an additional 859 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of International Flavors & Fragrances by 9.0% in the fourth quarter. Private Advisor Group LLC now owns 16,260 shares of the specialty chemicals company’s stock valued at $1,317,000 after purchasing an additional 1,344 shares during the last quarter. Finally, Apollon Wealth Management LLC bought a new stake in shares of International Flavors & Fragrances in the fourth quarter worth $598,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF traded down $0.85 during mid-day trading on Thursday, reaching $102.26. 156,382 shares of the company were exchanged, compared to its average volume of 1,767,669. The stock has a market capitalization of $26.11 billion, a P/E ratio of -10.53, a P/E/G ratio of 1.87 and a beta of 1.22. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The company’s 50-day simple moving average is $98.03 and its 200-day simple moving average is $91.55. International Flavors & Fragrances Inc. has a twelve month low of $62.28 and a twelve month high of $105.30.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the business posted $0.86 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, research analysts predict that International Flavors & Fragrances Inc. will post 4.21 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is -16.38%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IFF. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their target price for the company from $109.00 to $120.00 in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective on International Flavors & Fragrances from $100.00 to $102.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Morgan Stanley upped their target price on International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 3rd. Robert W. Baird raised their price target on International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Finally, Wells Fargo & Company upped their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $103.27.

Insiders Place Their Bets

In related news, insider Angela Strzelecki sold 2,588 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $95.66, for a total value of $247,568.08. Following the transaction, the insider now directly owns 8,539 shares in the company, valued at $816,840.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

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.