Yousif Capital Management LLC Cuts Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Yousif Capital Management LLC cut its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 5.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,259 shares of the specialty chemicals company’s stock after selling 2,058 shares during the period. Yousif Capital Management LLC’s holdings in International Flavors & Fragrances were worth $2,855,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Bell Private Wealth Management LLC grew its position in International Flavors & Fragrances by 3,000.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 300 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at about $41,000. Parkside Financial Bank & Trust grew its holdings in shares of International Flavors & Fragrances by 241.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 526 shares during the period. Janiczek Wealth Management LLC increased its position in International Flavors & Fragrances by 466.7% during the 4th quarter. Janiczek Wealth Management LLC now owns 918 shares of the specialty chemicals company’s stock worth $74,000 after purchasing an additional 756 shares in the last quarter. Finally, Roble Belko & Company Inc purchased a new position in International Flavors & Fragrances in the fourth quarter valued at approximately $89,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Trading Up 0.3 %

IFF opened at $84.61 on Monday. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $82.06 and its 200 day moving average price is $78.25. 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 announced its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.03). The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.70 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. Equities research analysts predict that International Flavors & Fragrances Inc. will post 3.68 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. Shareholders of record on Friday, March 22nd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.89%. The ex-dividend date was Thursday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is -15.94%.

Analysts Set New Price Targets

IFF has been the subject of several analyst reports. Citigroup raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and upped their target price for the stock from $81.00 to $100.00 in a research report on Wednesday, April 10th. Barclays raised International Flavors & Fragrances from an “underweight” rating to an “equal weight” rating in a research report on Thursday, April 18th. Mizuho increased their price target on International Flavors & Fragrances from $83.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Wolfe Research initiated coverage on International Flavors & Fragrances in a report on Friday, March 1st. They set an “underperform” rating on the stock. Finally, Wells Fargo & Company increased their target price on International Flavors & Fragrances from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.