Xponance Inc. Has $3.09 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Xponance Inc. cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 20.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,488 shares of the specialty chemicals company's stock after selling 9,100 shares during the quarter. Xponance Inc.'s holdings in International Flavors & Fragrances were worth $3,085,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $32,000. Fairway Wealth LLC bought a new position in International Flavors & Fragrances in the 4th quarter valued at approximately $34,000. Point72 Hong Kong Ltd acquired a new stake in International Flavors & Fragrances in the third quarter valued at approximately $42,000. Rialto Wealth Management LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at approximately $42,000. Finally, Principal Securities Inc. grew its stake in shares of 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 buying an additional 171 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Bank of America cut their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Stifel Nicolaus dropped their price objective on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Wells Fargo & Company reduced their target price on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an "overweight" rating on the stock in a report 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 for the company in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $103.77.

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International Flavors & Fragrances Trading Down 0.8 %

IFF stock traded down $0.63 during midday trading on Tuesday, hitting $76.90. The stock had a trading volume of 1,441,372 shares, compared to its average volume of 1,460,672. 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 firm has a market cap of $19.67 billion, a P/E ratio of 81.81, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The business has a fifty day moving average price of $83.12 and a two-hundred day moving average price of $90.52. International Flavors & Fragrances Inc. has a 1-year low of $77.05 and a 1-year high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. On average, sell-side analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances's dividend payout ratio (DPR) is currently 170.21%.

Insiders Place Their Bets

In other news, Director Kevin O'byrne bought 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The shares were bought 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 $522,860. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company's stock.

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.