Mirabella Financial Services LLP Has $1.55 Million Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Mirabella Financial Services LLP lowered its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 45.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,311 shares of the specialty chemicals company's stock after selling 15,229 shares during the period. Mirabella Financial Services LLP's holdings in International Flavors & Fragrances were worth $1,548,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dodge & Cox raised its holdings in shares of International Flavors & Fragrances by 11.9% during the fourth quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company's stock valued at $2,658,063,000 after acquiring an additional 3,355,381 shares during the period. Vanguard Group Inc. boosted its position in shares of International Flavors & Fragrances by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company's stock worth $2,554,996,000 after buying an additional 164,945 shares during the period. Geode Capital Management LLC lifted its position in shares of International Flavors & Fragrances by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company's stock worth $520,032,000 after purchasing an additional 157,948 shares in the last quarter. Van ECK Associates Corp boosted its holdings in International Flavors & Fragrances by 41.6% in the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock worth $478,912,000 after purchasing an additional 1,663,629 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in International Flavors & Fragrances by 25.7% during the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company's stock valued at $464,926,000 after buying an additional 1,121,414 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

International Flavors & Fragrances Price Performance

IFF stock traded down $0.37 during trading on Friday, hitting $76.27. 1,348,646 shares of the stock traded hands, compared to its average volume of 1,534,033. The stock has a market cap of $19.50 billion, a price-to-earnings ratio of 81.14, a P/E/G ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a one year low of $65.85 and a one year high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The company has a 50 day simple moving average of $77.34 and a 200 day simple moving average of $85.75.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 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 business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. Equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Kevin O'byrne bought 6,500 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was bought 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 legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on IFF shares. Citigroup dropped their target price on shares of International Flavors & Fragrances from $99.00 to $84.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Oppenheimer dropped their price target on International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating on the stock in a research report on Tuesday. Barclays lowered their price objective on shares of International Flavors & Fragrances from $82.00 to $76.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, Wells Fargo & Company cut their target price on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.