Quantbot Technologies LP Trims Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Quantbot Technologies LP reduced its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 51.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,495 shares of the specialty chemicals company's stock after selling 39,218 shares during the period. Quantbot Technologies LP's holdings in International Flavors & Fragrances were worth $3,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of IFF. Empowered Funds LLC raised its holdings in International Flavors & Fragrances by 6.5% in the 3rd quarter. Empowered Funds LLC now owns 4,130 shares of the specialty chemicals company's stock worth $433,000 after purchasing an additional 251 shares during the period. Thrivent Financial for Lutherans boosted its holdings in International Flavors & Fragrances by 12.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 12,102 shares of the specialty chemicals company's stock worth $1,270,000 after buying an additional 1,329 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in International Flavors & Fragrances in the 3rd quarter worth $1,740,000. PNC Financial Services Group Inc. raised its holdings in International Flavors & Fragrances by 5.3% during the third quarter. PNC Financial Services Group Inc. now owns 38,705 shares of the specialty chemicals company's stock valued at $4,061,000 after acquiring an additional 1,950 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new stake in International Flavors & Fragrances during the 3rd quarter valued at approximately $1,153,000. Institutional investors own 96.02% of the company's stock.

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Insider Transactions at International Flavors & Fragrances

In related news, Director Kevin O'byrne acquired 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the purchase, the director now owns 6,500 shares of the company's stock, valued at approximately $522,860. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on IFF. JPMorgan Chase & Co. lowered their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Citigroup lowered their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday, December 18th. Stifel Nicolaus cut their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Argus raised shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Finally, Cfra downgraded International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective on the stock. in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $103.31.

International Flavors & Fragrances Stock Up 0.8 %

IFF stock traded up $0.59 during trading on Thursday, hitting $78.25. 964,550 shares of the company's stock traded hands, compared to its average volume of 1,456,834. The business has a fifty day simple moving average of $82.85 and a two-hundred day simple moving average of $90.25. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $20.01 billion, a P/E ratio of 83.24, a PEG ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a 1 year low of $75.63 and a 1 year high of $106.77.

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 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances's dividend payout ratio (DPR) 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.