International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 12.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 130,551 shares of the specialty chemicals company’s stock after selling 18,533 shares during the period. Ameriprise Financial Inc. owned approximately 0.05% of International Flavors & Fragrances worth $11,055,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $452,363,000. Dodge & Cox raised its position in shares of International Flavors & Fragrances by 11.9% in the 4th quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock valued at $2,658,063,000 after purchasing an additional 3,355,381 shares in the last quarter. Van ECK Associates Corp raised its position in shares of International Flavors & Fragrances by 41.6% in the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock valued at $478,912,000 after purchasing an additional 1,663,629 shares in the last quarter. Northern Trust Corp raised its position in shares of International Flavors & Fragrances by 19.9% in the 4th quarter. Northern Trust Corp now owns 3,407,262 shares of the specialty chemicals company’s stock valued at $288,084,000 after purchasing an additional 565,769 shares in the last quarter. Finally, Albar Capital Partners LLP acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $37,329,000. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $77.68 on Monday. The business’s fifty day moving average is $75.89 and its two-hundred day moving average is $82.55. The firm has a market cap of $19.87 billion, a P/E ratio of 82.64, a P/E/G ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances Inc. has a 52 week low of $65.85 and a 52 week high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the firm earned $1.13 EPS. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances’s dividend payout ratio is currently -48.93%.

Insider Buying and Selling at International Flavors & Fragrances

In related news, CEO J Erik Fyrwald purchased 700 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, May 8th. The shares were acquired at an average price of $74.00 per share, with a total value of $51,800.00. Following the completion of the transaction, the chief executive officer now directly owns 37,770 shares of the company’s stock, valued at $2,794,980. This represents a 1.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin O’byrne purchased 6,500 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the transaction, the director now directly owns 6,500 shares of the company’s stock, valued at $522,860. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 11,200 shares of company stock worth $875,980 over the last 90 days. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on IFF shares. JPMorgan Chase & Co. cut their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus lowered their price target on International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Citigroup boosted their price target on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Robert W. Baird lowered their price target on International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. Finally, Morgan Stanley lowered their price target on International Flavors & Fragrances from $100.00 to $98.00 and set an “overweight” rating for the company in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.54.

International Flavors & Fragrances Company Profile

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.