International Flavors & Fragrances Inc. (NYSE:IFF) Position Lowered by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 19.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 220,668 shares of the specialty chemicals company’s stock after selling 53,432 shares during the period. Corient Private Wealth LLC owned about 0.09% of International Flavors & Fragrances worth $18,658,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Greenwich Wealth Management LLC raised its stake in International Flavors & Fragrances by 1.1% during the fourth quarter. Greenwich Wealth Management LLC now owns 15,449 shares of the specialty chemicals company’s stock worth $1,306,000 after acquiring an additional 175 shares during the period. Natixis Advisors LLC raised its stake in International Flavors & Fragrances by 7.1% during the fourth quarter. Natixis Advisors LLC now owns 181,304 shares of the specialty chemicals company’s stock worth $15,329,000 after acquiring an additional 12,078 shares during the period. First Eagle Investment Management LLC raised its stake in International Flavors & Fragrances by 14.9% during the fourth quarter. First Eagle Investment Management LLC now owns 6,569 shares of the specialty chemicals company’s stock worth $555,000 after acquiring an additional 850 shares during the period. LBP AM SA raised its stake in International Flavors & Fragrances by 2.3% during the fourth quarter. LBP AM SA now owns 53,928 shares of the specialty chemicals company’s stock worth $4,560,000 after acquiring an additional 1,226 shares during the period. Finally, PGGM Investments acquired a new stake in International Flavors & Fragrances during the fourth quarter worth about $150,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Buying and Selling

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

International Flavors & Fragrances Price Performance

NYSE IFF opened at $80.77 on Wednesday. The firm has a market capitalization of $20.65 billion, a PE ratio of 85.93, a P/E/G ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a 12 month low of $78.91 and a 12 month high of $106.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The company’s 50 day simple moving average is $83.38 and its 200 day simple moving average is $91.21.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances’s payout ratio is 170.21%.

Wall Street Analysts Forecast Growth

IFF has been the topic of several research reports. Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a research note on Thursday, February 20th. Oppenheimer dropped their price target on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Wells Fargo & Company dropped their price target on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Finally, Citigroup dropped their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $103.50.

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.