Folger Nolan Fleming Douglas Capital Management Inc. Reduces Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Folger Nolan Fleming Douglas Capital Management Inc. trimmed its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 7.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,620 shares of the specialty chemicals company's stock after selling 10,582 shares during the quarter. International Flavors & Fragrances accounts for about 1.1% of Folger Nolan Fleming Douglas Capital Management Inc.'s holdings, making the stock its 25th largest position. Folger Nolan Fleming Douglas Capital Management Inc.'s holdings in International Flavors & Fragrances were worth $10,621,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of IFF. Pictet North America Advisors SA increased its stake in shares of International Flavors & Fragrances by 3.1% during the 3rd quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company's stock worth $344,000 after purchasing an additional 99 shares during the last quarter. Integrated Advisors Network LLC increased its position in International Flavors & Fragrances by 1.9% in the third quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company's stock worth $600,000 after buying an additional 107 shares during the last quarter. CWM LLC raised its stake in shares of International Flavors & Fragrances by 1.7% in the third quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company's stock valued at $686,000 after buying an additional 109 shares during the period. Summit Trail Advisors LLC lifted its position in shares of International Flavors & Fragrances by 5.0% during the 2nd quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company's stock valued at $236,000 after buying an additional 117 shares during the last quarter. Finally, Orca Investment Management LLC increased its holdings in International Flavors & Fragrances by 0.6% in the 3rd quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company's stock worth $2,231,000 after acquiring an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Stock Up 0.5 %

Shares of NYSE IFF traded up $0.43 during mid-day trading on Friday, hitting $84.87. 1,116,952 shares of the stock traded hands, compared to its average volume of 1,175,701. The stock has a fifty day moving average price of $86.80 and a 200-day moving average price of $95.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The company has a market cap of $21.70 billion, a price-to-earnings ratio of -9.34, a PEG ratio of 1.35 and a beta of 1.18. International Flavors & Fragrances Inc. has a 52 week low of $72.94 and a 52 week high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The business had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.16 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were paid a $0.40 dividend. The ex-dividend date was Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.89%. International Flavors & Fragrances's dividend payout ratio is currently -17.60%.

Insider Activity

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now directly owns 3,238 shares in the company, valued at approximately $297,086.50. This trade represents a 60.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

IFF has been the subject of a number of research reports. Citigroup cut their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, December 18th. Barclays lowered their price target on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating on the stock in a report on Friday. Bank of America raised shares of International Flavors & Fragrances from a "neutral" rating to a "buy" rating and set a $107.00 price target for the company in a report on Friday, November 8th. Stifel Nicolaus lifted their price objective on International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, UBS Group increased their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $109.23.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.