International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Tredje AP fonden

Tredje AP fonden decreased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 50.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,893 shares of the specialty chemicals company's stock after selling 19,893 shares during the quarter. Tredje AP fonden's holdings in International Flavors & Fragrances were worth $1,682,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of IFF. SBI Securities Co. Ltd. acquired a new position in International Flavors & Fragrances during the 4th quarter valued at approximately $32,000. Fairway Wealth LLC acquired a new position in International Flavors & Fragrances during the 4th quarter valued at approximately $34,000. Point72 Hong Kong Ltd acquired a new position in International Flavors & Fragrances during the 3rd quarter valued at approximately $42,000. Rialto Wealth Management LLC acquired a new position in International Flavors & Fragrances during the 4th quarter valued at approximately $42,000. Finally, Principal Securities Inc. increased its stake in shares of International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock worth $54,000 after acquiring an additional 171 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

International Flavors & Fragrances Price Performance

IFF traded down $0.19 during midday trading on Wednesday, hitting $80.62. 1,352,668 shares of the company traded hands, compared to its average volume of 1,461,135. 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 market capitalization of $20.62 billion, a price-to-earnings ratio of 85.77, a PEG ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a 52-week low of $78.91 and a 52-week high of $106.77. The business has a 50 day simple moving average of $83.38 and a two-hundred day simple moving average of $91.21.

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International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.14. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. On average, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently weighed in on IFF shares. JPMorgan Chase & Co. cut 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. Argus upgraded shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Cfra lowered shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective on the stock. in a research note on Thursday, February 20th. Barclays cut their price objective on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Finally, Citigroup lowered 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 report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.50.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne purchased 6,500 shares of the firm's stock in a transaction dated 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 purchase, the director now owns 6,500 shares in the company, valued at approximately $522,860. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.20% of the company's stock.

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.