Delta Asset Management LLC TN Sells 600 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Delta Asset Management LLC TN reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 15.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,250 shares of the specialty chemicals company’s stock after selling 600 shares during the period. Delta Asset Management LLC TN’s holdings in International Flavors & Fragrances were worth $275,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in International Flavors & Fragrances in the 4th quarter valued at $32,000. Fairway Wealth LLC purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $34,000. Point72 Hong Kong Ltd purchased a new position in International Flavors & Fragrances during the third quarter worth about $42,000. Rialto Wealth Management LLC bought a new position in shares of International Flavors & Fragrances during the 4th quarter worth approximately $42,000. Finally, Principal Securities Inc. boosted its stake in shares of International Flavors & Fragrances by 36.6% in the 4th 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. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 shares were purchased at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the transaction, the director now owns 6,500 shares in the company, valued at $522,860. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $77.56 on Thursday. The company’s 50 day simple moving average is $82.85 and its two-hundred day simple moving average is $90.25. The stock has a market capitalization of $19.83 billion, a PE ratio of 82.51, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. 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) 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 company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. Analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is 170.21%.

Wall Street Analysts Forecast Growth

IFF has been the topic of a number of research analyst reports. Barclays cut their price target on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company lowered their price target 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. Oppenheimer decreased their target price on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Bank of America dropped their price target on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. decreased their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and a consensus price target of $103.77.

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.