International Flavors & Fragrances Inc. (NYSE:IFF) Position Lessened by Keybank National Association OH

Keybank National Association OH decreased its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 20.9% during the 4th quarter, HoldingsChannel reports. The firm owned 6,264 shares of the specialty chemicals company’s stock after selling 1,659 shares during the period. Keybank National Association OH’s holdings in International Flavors & Fragrances were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. increased its position in International Flavors & Fragrances by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock valued at $64,533,000 after acquiring an additional 7,553 shares during the period. Compagnie Lombard Odier SCmA increased its position in International Flavors & Fragrances by 11.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock valued at $9,654,000 after acquiring an additional 11,406 shares during the period. Choreo LLC increased its position in International Flavors & Fragrances by 55.7% in the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock valued at $2,055,000 after acquiring an additional 8,728 shares during the period. Covea Finance increased its position in International Flavors & Fragrances by 79.0% in the 4th quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock valued at $10,407,000 after acquiring an additional 54,340 shares during the period. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in International Flavors & Fragrances in the 4th quarter valued at approximately $7,508,000. Institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

IFF has been the topic of several analyst reports. Citigroup lowered their target price on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lowered their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company lowered their price target on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Barclays lowered their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Finally, Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and an average target price of $103.50.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF opened at $82.60 on Monday. 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 stock has a market capitalization of $21.12 billion, a price-to-earnings ratio of 87.88, a PEG ratio of 1.45 and a beta of 1.21. The stock’s fifty day simple moving average is $83.80 and its 200 day simple moving average is $92.26. International Flavors & Fragrances Inc. has a 52-week low of $78.64 and a 52-week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its 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. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. As a group, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.94%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 170.21%.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O’byrne bought 6,500 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price 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 in the company, valued at approximately $522,860. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by insiders.

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.