International Flavors & Fragrances Inc. (NYSE:IFF) Stake Trimmed by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA cut its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 6.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,038 shares of the specialty chemicals company’s stock after selling 7,141 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in International Flavors & Fragrances were worth $8,307,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in International Flavors & Fragrances during the 4th quarter valued at $32,000. Fairway Wealth LLC acquired a new position in International Flavors & Fragrances during the fourth quarter valued at $34,000. Rialto Wealth Management LLC acquired a new position in International Flavors & Fragrances during the fourth quarter valued at $42,000. Principal Securities Inc. lifted its stake in International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 171 shares in the last quarter. Finally, United Community Bank lifted its stake in International Flavors & Fragrances by 19.4% in the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock worth $78,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

IFF has been the subject of a number of research analyst reports. Barclays upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $76.00 to $84.00 in a research report on Thursday, May 8th. Tigress Financial assumed coverage on International Flavors & Fragrances in a research report on Wednesday, June 4th. They set a “buy” rating and a $105.00 price objective for the company. Citigroup boosted their target price on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Morgan Stanley cut their price target on International Flavors & Fragrances from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Tuesday, May 13th. Finally, Cfra lowered International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target for the company. in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.43.

International Flavors & Fragrances Stock Down 1.2%

IFF opened at $78.36 on Thursday. International Flavors & Fragrances Inc. has a twelve month low of $65.85 and a twelve month high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The business has a 50 day moving average price of $75.34 and a 200 day moving average price of $80.88. The firm has a market cap of $20.04 billion, a P/E ratio of 83.36, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. International Flavors & Fragrances’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.13 earnings per share. Research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.04%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -48.93%.

Insider Activity

In other news, EVP Stephen N. Landsman bought 12,000 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The shares were acquired at an average cost of $77.28 per share, with a total value of $927,360.00. Following the completion of the transaction, the executive vice president now directly owns 12,000 shares in the company, valued at $927,360. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO J Erik Fyrwald purchased 700 shares of the business’s stock in a transaction on Thursday, May 8th. The stock was purchased at an average cost of $74.00 per share, with a total value of $51,800.00. Following the acquisition, the chief executive officer now owns 37,770 shares in the company, valued at approximately $2,794,980. This represents a 1.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 22,050 shares of company stock valued at $1,688,512. 0.20% of the stock is owned by company insiders.

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.