Aviva PLC Has $13.06 Million Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Aviva PLC reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 15.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 154,480 shares of the specialty chemicals company's stock after selling 28,057 shares during the period. Aviva PLC owned approximately 0.06% of International Flavors & Fragrances worth $13,061,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA raised its stake in shares of International Flavors & Fragrances by 11.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company's stock valued at $9,654,000 after purchasing an additional 11,406 shares during the period. Choreo LLC grew its stake in shares of International Flavors & Fragrances by 55.7% during the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company's stock worth $2,055,000 after acquiring an additional 8,728 shares in the last quarter. Covea Finance lifted its position in shares of International Flavors & Fragrances by 79.0% in the fourth quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company's stock worth $10,407,000 after purchasing an additional 54,340 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of International Flavors & Fragrances in the 4th quarter valued at about $7,508,000. Finally, S.E.E.D. Planning Group LLC boosted its position in International Flavors & Fragrances by 372.9% during the fourth quarter. S.E.E.D. Planning Group LLC now owns 63,104 shares of the specialty chemicals company's stock valued at $5,335,000 after purchasing an additional 49,761 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company decreased their price objective on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday. Bank of America dropped their target price on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a 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 on the stock in a research report on Thursday. Finally, Cfra cut International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective for the company. in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of "Moderate Buy" and an average price target of $98.69.

Insider Buying and Selling

In other news, Director Kevin O'byrne acquired 6,500 shares of International Flavors & Fragrances stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the purchase, the director now directly owns 6,500 shares of the company's stock, valued at approximately $522,860. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by company insiders.

International Flavors & Fragrances Stock Performance

NYSE IFF traded up $1.86 on Friday, reaching $73.24. The stock had a trading volume of 2,125,058 shares, compared to its average volume of 1,515,438. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The company has a market cap of $18.73 billion, a P/E ratio of 77.92, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The firm has a fifty day moving average of $79.41 and a two-hundred day moving average of $87.33.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 21st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, March 21st. International Flavors & Fragrances's dividend payout ratio (DPR) is currently 170.21%.

About International Flavors & Fragrances

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.