Tredje AP fonden Lowers Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Tredje AP fonden lessened its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 50.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,893 shares of the specialty chemicals company’s stock after selling 19,893 shares during the quarter. Tredje AP fonden’s holdings in International Flavors & Fragrances were worth $1,682,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IFF. Assetmark Inc. lifted its stake in shares of International Flavors & Fragrances by 6.4% in the 3rd quarter. Assetmark Inc. now owns 11,839 shares of the specialty chemicals company’s stock valued at $1,242,000 after purchasing an additional 710 shares during the period. Axxcess Wealth Management LLC purchased a new position in International Flavors & Fragrances during the third quarter valued at $215,000. Venturi Wealth Management LLC raised its stake in International Flavors & Fragrances by 40.9% during the third quarter. Venturi Wealth Management LLC now owns 989 shares of the specialty chemicals company’s stock valued at $104,000 after buying an additional 287 shares during the last quarter. Apollon Wealth Management LLC raised its stake in International Flavors & Fragrances by 31.1% during the third quarter. Apollon Wealth Management LLC now owns 5,397 shares of the specialty chemicals company’s stock valued at $566,000 after buying an additional 1,281 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in International Flavors & Fragrances by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock valued at $64,533,000 after buying an additional 7,553 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Activity at International Flavors & Fragrances

In related news, Director Kevin O’byrne bought 6,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the transaction, the director now owns 6,500 shares of the company’s stock, valued at approximately $522,860. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on IFF. Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective for the company. in a research note on Thursday, February 20th. Oppenheimer lowered their price objective on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company lowered their price objective on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus reduced their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, Barclays reduced their target price on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.50.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $79.76 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a one year low of $78.91 and a one year high of $106.77. The firm has a market capitalization of $20.39 billion, a P/E ratio of 84.85, a PEG ratio of 1.45 and a beta of 1.21. The business has a fifty day moving average of $83.41 and a 200 day moving average of $91.66.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.14. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. As a group, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 21st. This represents a $1.60 annualized dividend and a yield of 2.01%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 170.21%.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.