Corient Private Wealth LLC Decreases Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Corient Private Wealth LLC cut its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 220,668 shares of the specialty chemicals company's stock after selling 53,432 shares during the quarter. Corient Private Wealth LLC owned approximately 0.09% of International Flavors & Fragrances worth $18,658,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of IFF. SBI Securities Co. Ltd. bought a new stake in International Flavors & Fragrances during the 4th quarter valued at $32,000. Fairway Wealth LLC purchased a new position in shares of International Flavors & Fragrances during the fourth quarter valued at $34,000. Point72 Hong Kong Ltd bought a new stake in shares of International Flavors & Fragrances in the third quarter valued at about $42,000. Rialto Wealth Management LLC purchased a new stake in International Flavors & Fragrances in the fourth quarter worth about $42,000. Finally, Principal Securities Inc. grew its holdings 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 acquiring an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF traded down $1.81 during midday trading on Friday, reaching $77.93. 3,934,140 shares of the stock were exchanged, compared to its average volume of 1,462,337. The firm has a 50-day simple moving average of $83.23 and a two-hundred day simple moving average of $90.87. 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 Inc. has a twelve month low of $77.28 and a twelve month high of $106.77. The firm has a market cap of $19.93 billion, a price-to-earnings ratio of 82.90, a PEG ratio of 1.45 and a beta of 1.21.

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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 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.14. The company had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. As a group, analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances's dividend payout ratio is presently 170.21%.

Analyst Ratings Changes

IFF has been the subject of several research reports. JPMorgan Chase & Co. lowered 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. Cfra lowered International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 target price for the company. in a report on Thursday, February 20th. Barclays cut their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Bank of America decreased their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Finally, Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.77.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Kevin O'byrne bought 6,500 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 6,500 shares in the company, valued at $522,860. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company's stock.

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.