International Flavors & Fragrances Inc. (NYSE:IFF) Short Interest Down 24.8% in April

International Flavors & Fragrances Inc. (NYSE:IFFGet Rating) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 3,240,000 shares, a drop of 24.8% from the April 15th total of 4,310,000 shares. Based on an average daily volume of 1,650,000 shares, the short-interest ratio is presently 2.0 days.

Shares of NYSE:IFF traded down $4.20 during trading on Monday, hitting $127.96. 1,165,469 shares of the company were exchanged, compared to its average volume of 1,665,954. International Flavors & Fragrances has a fifty-two week low of $113.40 and a fifty-two week high of $157.08. The stock has a market cap of $32.61 billion, a price-to-earnings ratio of 60.62, a P/E/G ratio of 2.27 and a beta of 1.02. The company has a current ratio of 1.86, a quick ratio of 1.23 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average price of $125.47 and a two-hundred day moving average price of $135.68.

International Flavors & Fragrances (NYSE:IFFGet Rating) last issued its earnings results on Monday, May 9th. The specialty chemicals company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.38. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.09 billion. International Flavors & Fragrances had a net margin of 4.48% and a return on equity of 6.89%. International Flavors & Fragrances’s revenue was up 30.9% on a year-over-year basis. During the same period last year, the business posted $1.60 EPS. As a group, research analysts predict that International Flavors & Fragrances will post 5.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 6th. Investors of record on Friday, June 24th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, June 23rd. International Flavors & Fragrances’s payout ratio is presently 144.95%.

A number of research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of International Flavors & Fragrances from $145.00 to $150.00 in a research note on Wednesday, May 11th. Mizuho lowered their target price on International Flavors & Fragrances from $147.00 to $145.00 in a report on Wednesday, May 11th. Robert W. Baird cut their price target on International Flavors & Fragrances from $188.00 to $165.00 in a report on Friday, February 11th. StockNews.com downgraded International Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Tuesday, May 10th. Finally, Berenberg Bank cut International Flavors & Fragrances from a “buy” rating to a “hold” rating and cut their target price for the company from $165.00 to $144.00 in a research note on Thursday, March 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Hold” and an average price target of $154.51.

In related news, insider De Villeplee Christoph Fauchon sold 630 shares of the firm’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $121.68, for a total transaction of $76,658.40. Following the sale, the insider now owns 8,809 shares of the company’s stock, valued at approximately $1,071,879.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd bought a new position in shares of International Flavors & Fragrances in the fourth quarter valued at about $25,000. Atwood & Palmer Inc. lifted its position in International Flavors & Fragrances by 1,718.2% during the first quarter. Atwood & Palmer Inc. now owns 200 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 189 shares during the last quarter. JJJ Advisors Inc. grew its position in shares of International Flavors & Fragrances by 74.3% in the fourth quarter. JJJ Advisors Inc. now owns 176 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. First Personal Financial Services acquired a new position in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $30,000. Finally, Achmea Investment Management B.V. bought a new position in shares of International Flavors & Fragrances during the third quarter worth approximately $31,000. 90.67% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Company Profile (Get Rating)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.

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