Mutual of America Capital Management LLC Sells 897 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Mutual of America Capital Management LLC reduced its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 2.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 29,729 shares of the specialty chemicals company’s stock after selling 897 shares during the period. Mutual of America Capital Management LLC’s holdings in International Flavors & Fragrances were worth $2,307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IFF. Dodge & Cox grew its holdings in shares of International Flavors & Fragrances by 11.9% during the fourth quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock worth $2,658,063,000 after purchasing an additional 3,355,381 shares in the last quarter. Vanguard Group Inc. boosted its stake in International Flavors & Fragrances by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company’s stock worth $2,554,996,000 after buying an additional 164,945 shares in the last quarter. Freemont Capital Pte Ltd purchased a new stake in International Flavors & Fragrances in the fourth quarter worth approximately $2,143,882,000. Geode Capital Management LLC boosted its stake in International Flavors & Fragrances by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company’s stock worth $520,032,000 after buying an additional 157,948 shares in the last quarter. Finally, Norges Bank purchased a new stake in International Flavors & Fragrances in the fourth quarter worth approximately $452,363,000. 96.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wells Fargo & Company decreased their price objective on International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Oppenheimer reduced their price target on International Flavors & Fragrances from $104.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Morgan Stanley reduced 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. Tigress Financial assumed coverage on International Flavors & Fragrances in a research report on Wednesday, June 4th. They set a “buy” rating and a $105.00 price objective on the stock. Finally, Barclays raised 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 research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.43.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O’byrne bought 4,500 shares of the business’s stock in a transaction on Thursday, May 22nd. The stock was bought at an average price of $76.05 per share, with a total value of $342,225.00. Following the completion of the purchase, the director directly owned 7,696 shares in the company, valued at $585,280.80. The trade was a 140.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen N. Landsman purchased 12,000 shares of the stock in a transaction dated Monday, May 19th. The shares were purchased at an average price of $77.28 per share, with a total value of $927,360.00. Following the completion of the transaction, the executive vice president owned 12,000 shares of the company’s stock, valued at approximately $927,360. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 22,050 shares of company stock valued at $1,688,512. 0.20% of the stock is currently owned by company insiders.

International Flavors & Fragrances Stock Up 1.3%

Shares of IFF opened at $76.01 on Friday. International Flavors & Fragrances Inc. has a 52 week low of $65.85 and a 52 week high of $106.77. The company has a quick ratio of 1.39, a current ratio of 1.87 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $19.44 billion, a price-to-earnings ratio of -23.24, a PEG ratio of 3.37 and a beta of 1.04. The stock’s 50-day moving average price is $75.93 and its 200-day moving average price is $78.52.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (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 the consensus estimate of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.99% and a negative net margin of 7.31%. International Flavors & Fragrances’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.13 earnings per share. On average, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 20th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. International Flavors & Fragrances’s dividend payout ratio is presently -48.93%.

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.