Compagnie Lombard Odier SCmA Sells 58,838 Shares of International Flavors & Fragrances Inc. $IFF

Compagnie Lombard Odier SCmA reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 72.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,233 shares of the specialty chemicals company’s stock after selling 58,838 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in International Flavors & Fragrances were worth $1,498,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. True Wealth Design LLC increased its position in shares of International Flavors & Fragrances by 896.4% during the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 493 shares in the last quarter. Elkhorn Partners Limited Partnership boosted its position in International Flavors & Fragrances by 200.0% in the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 400 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in International Flavors & Fragrances during the second quarter worth about $49,000. Finally, Transamerica Financial Advisors LLC increased its holdings in shares of International Flavors & Fragrances by 884.1% during the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after buying an additional 610 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Buying and Selling

In other news, Director Paul J. Fribourg acquired 142,000 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was purchased at an average cost of $70.13 per share, with a total value of $9,958,460.00. Following the acquisition, the director owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. This trade represents a 6.23% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $72.64 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.42 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $74.59 and a 200 day simple moving average of $68.53. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $84.45. The firm has a market cap of $18.56 billion, a P/E ratio of -53.02, a P/E/G ratio of 1.90 and a beta of 1.02.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.05). The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.52 billion. International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 EPS. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 20th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, March 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -116.79%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on IFF shares. Wall Street Zen raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, January 4th. Oppenheimer upgraded International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 price objective for the company in a research report on Friday, February 13th. Wells Fargo & Company boosted their price objective on International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Berenberg Bank lowered their target price on International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating for the company in a research note on Thursday, February 5th. Finally, Bank of America lifted their price target on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Thirteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.09.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.