D.A. Davidson & CO. Sells 2,440 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

D.A. Davidson & CO. lowered its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 34.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,559 shares of the specialty chemicals company’s stock after selling 2,440 shares during the period. D.A. Davidson & CO.’s holdings in International Flavors & Fragrances were worth $354,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of IFF. ZWJ Investment Counsel Inc. boosted its stake in shares of International Flavors & Fragrances by 24.7% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 305,164 shares of the specialty chemicals company’s stock worth $23,684,000 after buying an additional 60,428 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of International Flavors & Fragrances by 1,514.9% during the 1st quarter. Teacher Retirement System of Texas now owns 63,111 shares of the specialty chemicals company’s stock worth $4,898,000 after buying an additional 59,203 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in shares of International Flavors & Fragrances by 4.7% during the 1st quarter. DAVENPORT & Co LLC now owns 7,063 shares of the specialty chemicals company’s stock worth $548,000 after buying an additional 318 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of International Flavors & Fragrances by 1.8% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,313 shares of the specialty chemicals company’s stock worth $2,430,000 after buying an additional 567 shares during the last quarter. Finally, Rovin Capital UT ADV boosted its stake in shares of International Flavors & Fragrances by 4.9% during the 1st quarter. Rovin Capital UT ADV now owns 6,365 shares of the specialty chemicals company’s stock worth $494,000 after buying an additional 300 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $75.99 on Friday. The firm has a market cap of $19.44 billion, a PE ratio of -23.24, a price-to-earnings-growth ratio of 3.41 and a beta of 1.04. The firm’s fifty day moving average is $76.05 and its 200-day moving average is $78.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.87. International Flavors & Fragrances Inc. has a 52 week low of $65.85 and a 52 week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 7.31% and a positive return on equity of 7.99%. International Flavors & Fragrances’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.13 earnings per share. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 20th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.11%. The ex-dividend date was Friday, June 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -48.93%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IFF. Robert W. Baird cut their target price on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Thursday, May 8th. Barclays raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $76.00 to $84.00 in a report on Thursday, May 8th. Mizuho lowered their target price on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Stifel Nicolaus lowered their target price on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Oppenheimer lowered their target price on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $93.43.

Insider Transactions at International Flavors & Fragrances

In related news, Director Hernandez Margarita Palau purchased 850 shares of the firm’s stock in a transaction on Monday, May 19th. The stock was purchased at an average cost of $77.42 per share, with a total value of $65,807.00. Following the completion of the purchase, the director owned 2,393 shares in the company, valued at approximately $185,266.06. This trade represents a 55.09% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin O’byrne purchased 4,500 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was bought at an average cost of $76.05 per share, with a total value of $342,225.00. Following the completion of the purchase, the director owned 7,696 shares of the company’s stock, valued at approximately $585,280.80. This represents a 140.80% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 22,050 shares of company stock valued at $1,688,512. 0.20% of the stock is owned by insiders.

International Flavors & Fragrances 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.