Intech Investment Management LLC Trims Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Intech Investment Management LLC reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 25.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,532 shares of the specialty chemicals company's stock after selling 8,843 shares during the period. Intech Investment Management LLC's holdings in International Flavors & Fragrances were worth $2,159,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in International Flavors & Fragrances in the 4th quarter worth approximately $32,000. Fairway Wealth LLC acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter worth $34,000. Point72 Hong Kong Ltd acquired a new position in International Flavors & Fragrances during the third quarter valued at $42,000. Rialto Wealth Management LLC purchased a new stake in International Flavors & Fragrances in the fourth quarter valued at $42,000. Finally, Principal Securities Inc. grew its position in International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock worth $54,000 after purchasing an additional 171 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at International Flavors & Fragrances

In related news, Director Kevin O'byrne acquired 6,500 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the transaction, the director now owns 6,500 shares in the company, valued at $522,860. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.20% of the company's stock.

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Analyst Upgrades and Downgrades

IFF has been the topic of a number of recent research reports. Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Bank of America dropped their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Stifel Nicolaus decreased their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Citigroup dropped their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating on the stock in a research report on Wednesday, December 18th. Finally, Barclays decreased their price objective on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.77.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock traded down $0.63 during mid-day trading on Tuesday, reaching $76.90. 1,441,372 shares of the stock traded hands, compared to its average volume of 1,460,672. The stock has a market capitalization of $19.67 billion, a PE ratio of 81.81, a PEG ratio of 1.45 and a beta of 1.21. The business has a 50-day moving average of $83.12 and a 200 day moving average of $90.52. International Flavors & Fragrances Inc. has a fifty-two week low of $77.05 and a fifty-two week high of $106.77. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54.

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 for the quarter, beating analysts' consensus estimates 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 analyst estimates of $2.67 billion. On average, analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 2.08%. International Flavors & Fragrances's payout ratio is 170.21%.

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.