International Flavors & Fragrances Inc. (NYSE:IFF) Stock Position Decreased by Amundi

Amundi trimmed its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 25.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 491,013 shares of the specialty chemicals company’s stock after selling 170,612 shares during the period. Amundi’s holdings in International Flavors & Fragrances were worth $40,297,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. State Street Corp grew its holdings in shares of International Flavors & Fragrances by 1.9% in the 3rd 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 during the last quarter. Geode Capital Management LLC grew its holdings in shares of International Flavors & Fragrances by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock worth $628,341,000 after acquiring an additional 77,521 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of International Flavors & Fragrances by 41.6% in the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock worth $478,912,000 after acquiring an additional 1,663,629 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of International Flavors & Fragrances by 25.7% in the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock worth $464,926,000 after acquiring an additional 1,121,414 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of International Flavors & Fragrances by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,879,317 shares of the specialty chemicals company’s stock worth $158,896,000 after acquiring an additional 17,372 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

IFF opened at $79.60 on Thursday. International Flavors & Fragrances Inc. has a 1 year low of $78.91 and a 1 year high of $106.77. The stock has a fifty day moving average price of $83.54 and a 200 day moving average price of $91.89. The stock has a market cap of $20.36 billion, a price-to-earnings ratio of 84.68, a PEG ratio of 1.45 and a beta of 1.21. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly 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. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.01%. International Flavors & Fragrances’s dividend payout ratio is currently 170.21%.

Analyst Ratings Changes

A number of brokerages recently issued reports on IFF. Citigroup decreased their target price on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. JPMorgan Chase & Co. decreased their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Oppenheimer decreased their target price on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price for the company. in a research report on Thursday, February 20th. Finally, Stifel Nicolaus decreased their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.50.

Insiders Place Their Bets

In related news, Director Kevin O’byrne purchased 6,500 shares of International Flavors & Fragrances stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares of the company’s stock, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Company 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.