BI Asset Management Fondsmaeglerselskab A S Has $4.09 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 53.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,324 shares of the specialty chemicals company's stock after selling 55,858 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in International Flavors & Fragrances were worth $4,086,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at $32,000. Fairway Wealth LLC purchased a new position in International Flavors & Fragrances during the 4th quarter worth approximately $34,000. Rialto Wealth Management LLC purchased a new position in shares of International Flavors & Fragrances during the fourth quarter worth approximately $42,000. Principal Securities Inc. raised its holdings in shares of International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock valued at $54,000 after buying an additional 171 shares during the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new stake in International Flavors & Fragrances during the 4th quarter worth approximately $78,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Stock Down 0.5 %

Shares of IFF stock traded down $0.37 during mid-day trading on Friday, reaching $76.27. 1,348,646 shares of the company were exchanged, compared to its average volume of 1,535,003. The company has a market capitalization of $19.50 billion, a P/E ratio of 81.14, a P/E/G ratio of 1.45 and a beta of 1.21. The business's 50 day simple moving average is $77.14 and its 200 day simple moving average is $85.57. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced 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 firm had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.67 billion. Research analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 21st were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.10%. The ex-dividend date was Friday, March 21st. International Flavors & Fragrances's dividend payout ratio is presently 170.21%.

Insider Activity at International Flavors & Fragrances

In related news, Director Kevin O'byrne acquired 6,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price 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 $522,860. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on IFF shares. Citigroup cut their price target on shares of International Flavors & Fragrances from $99.00 to $84.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Oppenheimer cut their target price on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating for the company in a research note on Tuesday. Morgan Stanley decreased their price objective on International Flavors & Fragrances from $106.00 to $100.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. dropped their price target on shares of 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. Finally, Mizuho reduced their price objective on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.54.

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.