International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Weik Capital Management

Weik Capital Management reduced its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 41.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,635 shares of the specialty chemicals company’s stock after selling 1,880 shares during the quarter. Weik Capital Management’s holdings in International Flavors & Fragrances were worth $223,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans boosted its holdings in shares of International Flavors & Fragrances by 12.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 12,102 shares of the specialty chemicals company’s stock valued at $1,270,000 after buying an additional 1,329 shares in the last quarter. Cerity Partners LLC lifted its holdings in International Flavors & Fragrances by 75.4% in the 3rd quarter. Cerity Partners LLC now owns 18,820 shares of the specialty chemicals company’s stock valued at $1,975,000 after purchasing an additional 8,089 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of International Flavors & Fragrances in the third quarter valued at $576,000. Brooklyn Investment Group purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at $88,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of International Flavors & Fragrances by 85.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 364,577 shares of the specialty chemicals company’s stock worth $38,255,000 after purchasing an additional 167,698 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on IFF. Bank of America cut their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. cut their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Barclays cut their price objective on shares of International Flavors & Fragrances from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Thursday. Oppenheimer reduced their price objective 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. Finally, Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.31.

International Flavors & Fragrances Stock Up 0.8 %

IFF stock opened at $78.25 on Friday. International Flavors & Fragrances Inc. has a fifty-two week low of $75.63 and a fifty-two week 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 business’s fifty day moving average price is $82.73 and its two-hundred day moving average price is $90.16. The stock has a market capitalization of $20.01 billion, a price-to-earnings ratio of 83.24, a PEG ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last announced 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. The business had revenue of $2.77 billion for 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%. On average, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be issued a $0.40 dividend. The ex-dividend date is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 2.04%. International Flavors & Fragrances’s payout ratio is currently 170.21%.

Insider Activity at International Flavors & Fragrances

In related news, Director Kevin O’byrne purchased 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price 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 $522,860. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

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.