Delta Financial Group Inc. Sells 816 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Delta Financial Group Inc. trimmed its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 18.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,605 shares of the specialty chemicals company’s stock after selling 816 shares during the period. Delta Financial Group Inc.’s holdings in International Flavors & Fragrances were worth $292,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Clear Street Markets LLC bought a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $27,000. Penserra Capital Management LLC bought a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $31,000. Covestor Ltd lifted its stake in shares of International Flavors & Fragrances by 48.8% in the 1st quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 80 shares during the last quarter. West Tower Group LLC bought a new stake in shares of International Flavors & Fragrances in the 2nd quarter valued at approximately $35,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of International Flavors & Fragrances by 241.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company’s stock valued at $51,000 after purchasing an additional 526 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Stock Up 0.4 %

IFF stock traded up $0.35 on Friday, hitting $85.99. 10,232,892 shares of the company’s stock were exchanged, compared to its average volume of 2,311,798. International Flavors & Fragrances Inc. has a 12-month low of $62.11 and a 12-month high of $97.49. The firm has a 50 day moving average price of $80.42 and a two-hundred day moving average price of $75.52. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67. The stock has a market cap of $21.95 billion, a P/E ratio of -8.56, a price-to-earnings-growth ratio of 1.90 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. As a group, equities research analysts expect that International Flavors & Fragrances Inc. will post 3.71 EPS for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.86%. International Flavors & Fragrances’s dividend payout ratio is currently -15.94%.

Wall Street Analysts Forecast Growth

IFF has been the subject of several analyst reports. Citigroup lowered their price objective on International Flavors & Fragrances from $85.00 to $81.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Wolfe Research assumed coverage on International Flavors & Fragrances in a research note on Friday, March 1st. They set an “underperform” rating for the company. Jefferies Financial Group raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their price target for the stock from $73.00 to $112.00 in a research note on Friday, January 12th. Mizuho raised their price target on International Flavors & Fragrances from $83.00 to $91.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. Finally, StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, International Flavors & Fragrances currently has an average rating of “Hold” and a consensus target price of $84.29.

About International Flavors & Fragrances

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.