International Flavors & Fragrances Inc. (NYSE:IFF) Stake Reduced by Searle & CO.

Searle & CO. decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 31.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,202 shares of the specialty chemicals company’s stock after selling 1,499 shares during the period. Searle & CO.’s holdings in International Flavors & Fragrances were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Park Avenue Securities LLC grew its position in International Flavors & Fragrances by 6.7% in the first quarter. Park Avenue Securities LLC now owns 6,782 shares of the specialty chemicals company’s stock worth $583,000 after buying an additional 428 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of International Flavors & Fragrances by 4.1% during the 1st quarter. Ballentine Partners LLC now owns 4,755 shares of the specialty chemicals company’s stock worth $409,000 after acquiring an additional 189 shares in the last quarter. Riverview Trust Co acquired a new position in shares of International Flavors & Fragrances in the 1st quarter worth $27,000. Future Financial Wealth Managment LLC acquired a new stake in shares of International Flavors & Fragrances during the first quarter worth $86,000. Finally, 180 Wealth Advisors LLC lifted its holdings in shares of International Flavors & Fragrances by 14.0% during the first quarter. 180 Wealth Advisors LLC now owns 21,689 shares of the specialty chemicals company’s stock valued at $1,865,000 after purchasing an additional 2,656 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 0.4 %

Shares of IFF stock traded down $0.37 on Wednesday, hitting $103.50. The company’s stock had a trading volume of 156,057 shares, compared to its average volume of 1,668,717. The stock has a market capitalization of $26.43 billion, a price-to-earnings ratio of -10.63, a P/E/G ratio of 1.82 and a beta of 1.22. International Flavors & Fragrances Inc. has a fifty-two week low of $63.21 and a fifty-two week high of $106.77. The firm’s fifty day moving average price is $102.62 and its 200-day moving average price is $97.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 earnings per share. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.23 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is -16.38%.

Wall Street Analyst Weigh In

Several research firms have issued reports on IFF. Barclays boosted their price objective on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Morgan Stanley boosted their price target on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a report on Wednesday, July 3rd. Stifel Nicolaus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $95.00 to $115.00 in a research report on Monday, July 22nd. Citigroup raised their target price on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $107.43.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.