Great Lakes Advisors LLC Sells 20,937 Shares of International Flavors & Fragrances Inc. $IFF

Great Lakes Advisors LLC trimmed its position in shares of International Flavors & Fragrances Inc. (NYSE:IFFFree Report) by 8.9% in the fourth quarter, Holdings Channel reports. The fund owned 213,719 shares of the specialty chemicals company’s stock after selling 20,937 shares during the quarter. Great Lakes Advisors LLC’s holdings in International Flavors & Fragrances were worth $14,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Lloyd Advisory Services LLC. bought a new stake in International Flavors & Fragrances during the fourth quarter valued at about $27,000. Geneos Wealth Management Inc. boosted its holdings in International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 210 shares during the period. Transamerica Financial Advisors LLC boosted its holdings in International Flavors & Fragrances by 884.1% during the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after acquiring an additional 610 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in International Flavors & Fragrances by 42.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 239 shares during the period. Finally, Cromwell Holdings LLC boosted its holdings in International Flavors & Fragrances by 69.6% during the fourth quarter. Cromwell Holdings LLC now owns 894 shares of the specialty chemicals company’s stock valued at $61,000 after acquiring an additional 367 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays increased their target price on shares of International Flavors & Fragrances from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. UBS Group increased their target price on shares of International Flavors & Fragrances from $75.00 to $86.00 in a research note on Thursday, May 7th. Citigroup increased their target price on shares of International Flavors & Fragrances from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Finally, Mizuho increased their target price on shares of International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Thirteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.05.

Get Our Latest Research Report on International Flavors & Fragrances

International Flavors & Fragrances Stock Up 4.6%

Shares of IFF opened at $77.64 on Friday. The stock has a market cap of $19.82 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 1.72 and a beta of 0.94. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances Inc. has a 12 month low of $59.14 and a 12 month high of $84.45. The company has a 50-day moving average price of $74.02 and a two-hundred day moving average price of $72.29.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.64 billion. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 earnings per share. Equities analysts predict that International Flavors & Fragrances Inc. will post 4.56 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, June 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.1%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 48.93%.

Insider Buying and Selling

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 260,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was purchased at an average price of $74.28 per share, for a total transaction of $19,312,800.00. Following the completion of the purchase, the director directly owned 2,682,730 shares in the company, valued at approximately $199,273,184.40. This trade represents a 10.73% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.07% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Company Profile

(Free Report)

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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