Barrow Hanley Mewhinney & Strauss LLC trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,981 shares of the specialty chemicals company's stock after selling 4,341 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.06% of International Flavors & Fragrances worth $13,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in shares of International Flavors & Fragrances by 12.3% in the third quarter. Thrivent Financial for Lutherans now owns 12,102 shares of the specialty chemicals company's stock worth $1,270,000 after purchasing an additional 1,329 shares during the last quarter. Cerity Partners LLC raised its position in International Flavors & Fragrances by 75.4% during the 3rd quarter. Cerity Partners LLC now owns 18,820 shares of the specialty chemicals company's stock worth $1,975,000 after buying an additional 8,089 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in International Flavors & Fragrances by 13.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 146,017 shares of the specialty chemicals company's stock valued at $15,322,000 after acquiring an additional 17,369 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of International Flavors & Fragrances by 14.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 11,194 shares of the specialty chemicals company's stock valued at $1,175,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Verition Fund Management LLC increased its stake in shares of International Flavors & Fragrances by 26.9% in the third quarter. Verition Fund Management LLC now owns 116,794 shares of the specialty chemicals company's stock worth $12,255,000 after acquiring an additional 24,747 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.
Insider Buying and Selling at International Flavors & Fragrances
In other International Flavors & Fragrances news, Director Kevin O'byrne bought 6,500 shares of International Flavors & Fragrances stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares of the company's stock, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of research firms recently issued reports on IFF. Cfra downgraded shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 target price for the company. in a research report on Thursday, February 20th. Barclays lowered their target price on International Flavors & Fragrances from $83.00 to $82.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. JPMorgan Chase & Co. reduced their price target on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. Bank of America lowered their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Finally, Argus raised shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.31.
Check Out Our Latest Research Report on International Flavors & Fragrances
International Flavors & Fragrances Price Performance
IFF traded down $3.44 during midday trading on Friday, hitting $73.01. 2,726,543 shares of the company traded hands, compared to its average volume of 1,483,426. The business has a 50 day simple moving average of $81.66 and a two-hundred day simple moving average of $89.05. International Flavors & Fragrances Inc. has a 52-week low of $72.41 and a 52-week high of $106.77. The company has a market capitalization of $18.67 billion, a price-to-earnings ratio of 77.67, a PEG ratio of 1.45 and a beta of 1.21. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.
International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.67 billion. On average, equities 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.19%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances's dividend payout ratio is currently 170.21%.
About International Flavors & Fragrances
(
Free Report)
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.
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