American Trust decreased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) by 22.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,702 shares of the specialty chemicals company’s stock after selling 1,363 shares during the period. American Trust’s holdings in International Flavors & Fragrances were worth $427,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in IFF. Fairfield Bush & CO. raised its position in International Flavors & Fragrances by 11.7% during the first quarter. Fairfield Bush & CO. now owns 4,791 shares of the specialty chemicals company’s stock valued at $629,000 after purchasing an additional 500 shares in the last quarter. American Century Companies Inc. grew its stake in shares of International Flavors & Fragrances by 19.8% during the first quarter. American Century Companies Inc. now owns 3,380 shares of the specialty chemicals company’s stock valued at $444,000 after buying an additional 558 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of International Flavors & Fragrances by 10.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,844 shares of the specialty chemicals company’s stock valued at $767,000 after buying an additional 574 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of International Flavors & Fragrances by 2.4% during the first quarter. Raymond James Trust N.A. now owns 3,792 shares of the specialty chemicals company’s stock valued at $498,000 after buying an additional 90 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its stake in shares of International Flavors & Fragrances by 31.5% during the first quarter. Vontobel Holding Ltd. now owns 3,684 shares of the specialty chemicals company’s stock valued at $483,000 after buying an additional 883 shares during the last quarter. Hedge funds and other institutional investors own 88.86% of the company’s stock.
Wall Street Analysts Forecast Growth
IFF has been the topic of a number of recent research reports. Mizuho reduced their price objective on International Flavors & Fragrances from $119.00 to $105.00 and set a “neutral” rating on the stock in a research note on Friday, February 10th. Bank of America raised International Flavors & Fragrances from an “underperform” rating to a “neutral” rating and cut their target price for the stock from $121.00 to $106.00 in a research note on Friday, February 10th. UBS Group cut their target price on International Flavors & Fragrances from $132.00 to $131.00 and set a “buy” rating on the stock in a research note on Thursday, February 9th. Deutsche Bank Aktiengesellschaft cut their target price on International Flavors & Fragrances from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, February 10th. Finally, Wells Fargo & Company cut their target price on International Flavors & Fragrances from $123.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, February 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.31.
International Flavors & Fragrances Stock Performance
International Flavors & Fragrances (NYSE:IFF – Get Rating) last released its earnings results on Wednesday, February 8th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.01. International Flavors & Fragrances had a negative net margin of 14.81% and a positive return on equity of 7.46%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period last year, the business earned $1.10 earnings per share. The business’s revenue was down 6.2% on a year-over-year basis. On average, analysts anticipate that International Flavors & Fragrances Inc. will post 4.83 EPS for the current fiscal year.
International Flavors & Fragrances Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 6th. Stockholders of record on Friday, March 24th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Thursday, March 23rd. This represents a $3.24 annualized dividend and a dividend yield of 3.87%. International Flavors & Fragrances’s payout ratio is -44.88%.
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.
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