International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Adams Natural Resources Fund Inc.

Adams Natural Resources Fund Inc. cut its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 13.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 56,606 shares of the specialty chemicals company's stock after selling 9,000 shares during the period. International Flavors & Fragrances makes up about 0.8% of Adams Natural Resources Fund Inc.'s portfolio, making the stock its 29th largest holding. Adams Natural Resources Fund Inc.'s holdings in International Flavors & Fragrances were worth $4,786,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Empowered Funds LLC raised its position in International Flavors & Fragrances by 6.5% during the third quarter. Empowered Funds LLC now owns 4,130 shares of the specialty chemicals company's stock worth $433,000 after acquiring an additional 251 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of International Flavors & Fragrances by 12.3% during 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 in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter worth about $1,740,000. PNC Financial Services Group Inc. lifted its stake in International Flavors & Fragrances by 5.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 38,705 shares of the specialty chemicals company's stock valued at $4,061,000 after buying an additional 1,950 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in International Flavors & Fragrances in the 3rd quarter worth about $1,153,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

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International Flavors & Fragrances Trading Up 0.8 %

NYSE:IFF traded up $0.64 on Wednesday, reaching $77.56. The company's stock had a trading volume of 2,156,664 shares, compared to its average volume of 1,460,573. International Flavors & Fragrances Inc. has a 12-month low of $76.60 and a 12-month high of $106.77. The stock has a 50 day moving average price of $82.99 and a 200 day moving average price of $90.34. The firm has a market cap of $19.83 billion, a price-to-earnings ratio of 82.51, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. 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 posted its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.67 billion. On average, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances's payout ratio is 170.21%.

Analysts Set New Price Targets

A number of brokerages have commented on IFF. Stifel Nicolaus reduced their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Barclays decreased their price objective 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. Cfra lowered 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 report on Thursday, February 20th. Oppenheimer reduced their target price on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, Wells Fargo & Company lowered their price target on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $103.77.

Insiders Place Their Bets

In other news, Director Kevin O'byrne acquired 6,500 shares of the business's 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 acquisition, the director now owns 6,500 shares of the company's stock, valued at $522,860. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by insiders.

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.