SeaCrest Wealth Management LLC Has $327,000 Position in International Flavors & Fragrances Inc. (NYSE:IFF)

SeaCrest Wealth Management LLC reduced its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFFFree Report) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,094 shares of the specialty chemicals company’s stock after selling 553 shares during the period. SeaCrest Wealth Management LLC’s holdings in International Flavors & Fragrances were worth $327,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Winder Pte. Ltd. acquired a new stake in International Flavors & Fragrances during the 3rd quarter worth about $1,728,544,000. State Street Corp grew its position in International Flavors & Fragrances by 8.9% in the second quarter. State Street Corp now owns 14,567,213 shares of the specialty chemicals company’s stock worth $1,171,031,000 after acquiring an additional 1,192,222 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in International Flavors & Fragrances by 59.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,772,700 shares of the specialty chemicals company’s stock worth $814,890,000 after acquiring an additional 2,890,737 shares in the last quarter. Nordea Investment Management AB grew its position in International Flavors & Fragrances by 16.3% in the third quarter. Nordea Investment Management AB now owns 5,672,776 shares of the specialty chemicals company’s stock worth $388,358,000 after acquiring an additional 795,797 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in International Flavors & Fragrances by 2.3% in the first quarter. Geode Capital Management LLC now owns 5,274,530 shares of the specialty chemicals company’s stock worth $483,953,000 after acquiring an additional 116,338 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IFF has been the subject of several recent research reports. Robert W. Baird boosted their price target on shares of International Flavors & Fragrances from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Mizuho boosted their price target on shares of International Flavors & Fragrances from $83.00 to $91.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. Wells Fargo & Company boosted their price target on shares of International Flavors & Fragrances from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Morgan Stanley boosted their price target on shares of International Flavors & Fragrances from $89.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Citigroup lowered their price objective on shares of International Flavors & Fragrances from $85.00 to $81.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Hold” and a consensus target price of $84.29.

Check Out Our Latest Stock Report on International Flavors & Fragrances

International Flavors & Fragrances Price Performance

IFF stock opened at $85.99 on Friday. International Flavors & Fragrances Inc. has a 1 year low of $62.11 and a 1 year high of $97.49. The company has a market cap of $21.95 billion, a P/E ratio of -8.56, a PEG ratio of 1.92 and a beta of 1.22. The firm has a 50-day moving average of $80.55 and a 200 day moving average of $75.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.70 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. International Flavors & Fragrances’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 EPS. On average, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 3.69 EPS for the current year.

International Flavors & Fragrances Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Thursday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -15.94%.

International Flavors & Fragrances Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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