Natixis Has $534,000 Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Natixis lessened its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 94.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,315 shares of the specialty chemicals company's stock after selling 115,683 shares during the period. Natixis' holdings in International Flavors & Fragrances were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IFF. SBI Securities Co. Ltd. bought a new position in shares of International Flavors & Fragrances in the fourth quarter worth $32,000. Fairway Wealth LLC acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter worth approximately $34,000. Rialto Wealth Management LLC bought a new position in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $42,000. Principal Securities Inc. raised its holdings in International Flavors & Fragrances by 36.6% during the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock worth $54,000 after purchasing an additional 171 shares in the last quarter. Finally, Sugar Maple Asset Management LLC bought a new position in International Flavors & Fragrances during the 4th quarter valued at $78,000. 96.02% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Kevin O'byrne purchased 6,500 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the acquisition, the director now directly owns 6,500 shares of the company's stock, valued at approximately $522,860. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on IFF. Wells Fargo & Company decreased their target price on 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. Stifel Nicolaus lowered their price objective on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Argus upgraded shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a report 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 report on Tuesday, April 22nd. Finally, Mizuho cut their target price on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, International Flavors & Fragrances has an average rating of "Moderate Buy" and a consensus target price of $94.54.

International Flavors & Fragrances Stock Up 1.7 %

Shares of NYSE IFF traded up $1.33 during mid-day trading on Tuesday, reaching $77.62. The company had a trading volume of 513,766 shares, compared to its average volume of 1,531,573. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The company has a market capitalization of $19.85 billion, a price-to-earnings ratio of 82.56, a PEG ratio of 1.45 and a beta of 1.21. The stock has a fifty day moving average of $77.03 and a two-hundred day moving average of $85.15. International Flavors & Fragrances Inc. has a 12-month low of $65.85 and a 12-month high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.14. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. As a group, equities research analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 21st were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Friday, March 21st. International Flavors & Fragrances's payout ratio is presently 170.21%.

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.