Geneos Wealth Management Inc. Sells 1,524 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Geneos Wealth Management Inc. cut its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 50.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,478 shares of the specialty chemicals company’s stock after selling 1,524 shares during the period. Geneos Wealth Management Inc.’s holdings in International Flavors & Fragrances were worth $120,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IFF. Winder Pte. Ltd. purchased a new stake in International Flavors & Fragrances in the third quarter worth $1,728,544,000. Price T Rowe Associates Inc. MD increased its stake 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 purchasing an additional 2,890,737 shares during the period. State Street Corp increased its stake in International Flavors & Fragrances by 26.9% in the first quarter. State Street Corp now owns 13,374,991 shares of the specialty chemicals company’s stock worth $1,240,654,000 after purchasing an additional 2,835,689 shares during the period. Fort Washington Investment Advisors Inc. OH purchased a new stake in International Flavors & Fragrances in the third quarter worth $95,612,000. Finally, Norges Bank purchased a new stake in International Flavors & Fragrances in the fourth quarter worth $108,968,000. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $82.59 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67. The company has a market cap of $21.09 billion, a PE ratio of -8.23, a P/E/G ratio of 1.87 and a beta of 1.23. The business has a 50-day simple moving average of $81.42 and a two-hundred day simple moving average of $77.05. International Flavors & Fragrances Inc. has a fifty-two week low of $62.11 and a fifty-two week high of $97.49.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). The business had revenue of $2.70 billion during the quarter, compared to analyst estimates 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 was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 EPS. As a group, equities analysts expect that International Flavors & Fragrances Inc. will post 3.69 EPS for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is -15.94%.

Analysts Set New Price Targets

Several brokerages have recently commented on IFF. Deutsche Bank Aktiengesellschaft raised their price target on International Flavors & Fragrances from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. StockNews.com upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Jefferies Financial Group upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their price target for the company from $73.00 to $112.00 in a research note on Friday, January 12th. Stifel Nicolaus cut their price target on International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday, February 21st. Finally, Morgan Stanley raised their price target on International Flavors & Fragrances from $89.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $86.35.

International Flavors & Fragrances Company Profile

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.