International Flavors & Fragrances Inc. (NYSE:IFF) Stock Holdings Lowered by Centre Asset Management LLC

Centre Asset Management LLC lessened its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 7.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 124,729 shares of the specialty chemicals company’s stock after selling 9,439 shares during the quarter. International Flavors & Fragrances makes up about 2.4% of Centre Asset Management LLC’s holdings, making the stock its 14th biggest holding. Centre Asset Management LLC’s holdings in International Flavors & Fragrances were worth $10,546,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of International Flavors & Fragrances by 1.9% during the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after acquiring an additional 196,696 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of International Flavors & Fragrances by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock valued at $628,341,000 after acquiring an additional 77,521 shares during the last quarter. First Pacific Advisors LP raised its holdings in International Flavors & Fragrances by 2.0% in the 2nd quarter. First Pacific Advisors LP now owns 4,011,307 shares of the specialty chemicals company’s stock worth $381,917,000 after acquiring an additional 80,558 shares during the period. Dimensional Fund Advisors LP lifted its position in International Flavors & Fragrances by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company’s stock worth $167,244,000 after acquiring an additional 123,693 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of International Flavors & Fragrances by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock valued at $157,271,000 after purchasing an additional 16,590 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Stifel Nicolaus increased their target price on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lowered their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Friday, November 8th. Finally, Oppenheimer raised their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.21.

International Flavors & Fragrances Stock Down 0.2 %

NYSE:IFF traded down $0.13 on Friday, hitting $82.96. 76,629 shares of the company’s stock were exchanged, compared to its average volume of 759,879. The firm has a 50-day moving average price of $90.01 and a 200-day moving average price of $96.50. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. The company has a market cap of $21.21 billion, a P/E ratio of -9.13, a price-to-earnings-growth ratio of 1.54 and a beta of 1.17.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the business posted $0.89 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, analysts expect that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be given a $0.40 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.93%. International Flavors & Fragrances’s payout ratio is -17.60%.

Insider Buying and Selling

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the transaction, the insider now directly owns 3,238 shares of the company’s stock, valued at $297,086.50. This trade represents a 60.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by company insiders.

International Flavors & Fragrances 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.