Alpha Paradigm Partners LLC lessened its stake in International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) by 57.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,842 shares of the specialty chemicals company’s stock after selling 5,109 shares during the quarter. Alpha Paradigm Partners LLC’s holdings in International Flavors & Fragrances were worth $349,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of IFF. Riverview Trust Co lifted its holdings in shares of International Flavors & Fragrances by 64.1% in the third quarter. Riverview Trust Co now owns 274 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 107 shares in the last quarter. Asset Dedication LLC purchased a new position in shares of International Flavors & Fragrances in the third quarter worth $25,000. CI Investments Inc. lifted its holdings in shares of International Flavors & Fragrances by 1,003.2% in the third quarter. CI Investments Inc. now owns 342 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 311 shares in the last quarter. Covestor Ltd increased its position in International Flavors & Fragrances by 48.8% in the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 80 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in International Flavors & Fragrances by 51.6% in the third quarter. EverSource Wealth Advisors LLC now owns 488 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 88.86% of the company’s stock.
Analysts Set New Price Targets
IFF has been the topic of several research reports. Robert W. Baird reduced their price target on shares of International Flavors & Fragrances from $120.00 to $106.00 and set an “outperform” rating on the stock in a research report on Friday, February 10th. Mizuho reduced their price target on shares of International Flavors & Fragrances from $119.00 to $105.00 and set a “neutral” rating on the stock in a research report on Friday, February 10th. Wells Fargo & Company reduced their price target on shares of International Flavors & Fragrances from $123.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 10th. Credit Suisse Group reduced their price target on shares of International Flavors & Fragrances from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, February 9th. Finally, UBS Group cut their price objective on shares of International Flavors & Fragrances from $132.00 to $131.00 and set a “buy” rating on the stock in a research report on Thursday, February 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Hold” and a consensus target price of $117.31.
International Flavors & Fragrances Trading Up 0.7 %
International Flavors & Fragrances (NYSE:IFF – Get Rating) last posted its quarterly earnings results on Wednesday, February 8th. The specialty chemicals company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.89 billion. International Flavors & Fragrances had a negative net margin of 14.81% and a positive return on equity of 7.46%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.83 earnings per share for the current year.
International Flavors & Fragrances Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Investors of record on Friday, March 24th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, March 23rd. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -44.88%.
International Flavors & Fragrances 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.
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