Vinva Investment Management Ltd Sells 2,604 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Vinva Investment Management Ltd lowered its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 15.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,419 shares of the specialty chemicals company’s stock after selling 2,604 shares during the period. Vinva Investment Management Ltd’s holdings in International Flavors & Fragrances were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in IFF. SBI Securities Co. Ltd. acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at $32,000. Point72 Hong Kong Ltd acquired a new stake in International Flavors & Fragrances in the third quarter valued at $42,000. Fairway Wealth LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at $34,000. Rialto Wealth Management LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at $42,000. Finally, Principal Securities Inc. lifted its stake in International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 171 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Insider Activity at International Flavors & Fragrances

In related news, Director Kevin O’byrne purchased 6,500 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director now owns 6,500 shares of the company’s stock, valued at $522,860. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Price Performance

IFF stock opened at $79.71 on Friday. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances Inc. has a 12 month low of $78.91 and a 12 month high of $106.77. The firm has a market cap of $20.38 billion, a P/E ratio of 84.79, a P/E/G ratio of 1.45 and a beta of 1.21. The company’s 50-day moving average price is $83.30 and its two-hundred day moving average price is $91.05.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. On average, analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 170.21%.

Analyst Ratings Changes

A number of brokerages have commented on IFF. Stifel Nicolaus cut their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Barclays cut their target price on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Cfra cut shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price for the company. in a research note on Thursday, February 20th. Finally, Wells Fargo & Company cut their target price on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $103.77.

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.