International Flavors & Fragrances Inc. (NYSE:IFF) Stake Decreased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lowered its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,195 shares of the specialty chemicals company's stock after selling 4,842 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in International Flavors & Fragrances were worth $4,466,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in shares of International Flavors & Fragrances by 41.6% in the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock valued at $478,912,000 after purchasing an additional 1,663,629 shares in the last quarter. Nordea Investment Management AB raised its holdings in International Flavors & Fragrances by 25.7% in 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 during the period. Robeco Institutional Asset Management B.V. lifted its position in International Flavors & Fragrances by 30.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 926,873 shares of the specialty chemicals company's stock valued at $78,367,000 after buying an additional 218,792 shares in the last quarter. State Street Corp grew its stake in International Flavors & Fragrances by 1.9% during the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company's stock worth $1,102,363,000 after buying an additional 196,696 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter worth $16,037,000. Institutional investors and hedge funds own 96.02% of the company's stock.

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Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company lowered their target price on International Flavors & Fragrances from $115.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Oppenheimer reduced their price target on International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. dropped their price objective on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Finally, Citigroup dropped their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating on the stock in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $103.50.

International Flavors & Fragrances Stock Performance

Shares of IFF traded down $0.19 during mid-day trading on Wednesday, hitting $80.62. The stock had a trading volume of 1,352,668 shares, compared to its average volume of 1,461,135. International Flavors & Fragrances Inc. has a fifty-two week low of $78.91 and a fifty-two week high of $106.77. 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 company has a market cap of $20.62 billion, a PE ratio of 85.77, a PEG ratio of 1.45 and a beta of 1.21. The company's fifty day simple moving average is $83.38 and its two-hundred day simple moving average is $91.21.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $2.67 billion. On average, equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances's payout ratio is 170.21%.

Insider Buying and Selling

In related news, Director Kevin O'byrne bought 6,500 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares of the company's stock, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company's stock.

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.