Intech Investment Management LLC Has $2.16 Million Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Intech Investment Management LLC decreased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 25.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,532 shares of the specialty chemicals company’s stock after selling 8,843 shares during the quarter. Intech Investment Management LLC’s holdings in International Flavors & Fragrances were worth $2,159,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in International Flavors & Fragrances during the 4th quarter valued at $32,000. Point72 Hong Kong Ltd purchased a new stake in International Flavors & Fragrances during the third quarter valued at about $42,000. Fairway Wealth LLC purchased a new stake in International Flavors & Fragrances during the fourth quarter valued at about $34,000. Rialto Wealth Management LLC purchased a new stake in International Flavors & Fragrances during the fourth quarter valued at about $42,000. Finally, Principal Securities Inc. increased its position in shares of International Flavors & Fragrances by 36.6% during the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 171 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Buying and Selling

In related news, Director Kevin O’byrne acquired 6,500 shares of the firm’s 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 purchase, the director now directly owns 6,500 shares of the company’s stock, valued at $522,860. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup decreased their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Oppenheimer cut their target price 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. JPMorgan Chase & Co. dropped their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company dropped their price target 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. 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 research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.77.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $79.71 on Friday. The business’s 50 day moving average price is $83.30 and its 200-day moving average price is $91.05. International Flavors & Fragrances Inc. has a fifty-two week low of $78.91 and a fifty-two week 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 company has a market cap of $20.38 billion, a P/E ratio of 84.79, a P/E/G ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating 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. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

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

About International Flavors & Fragrances

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.