D.A. Davidson & CO. cut its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,320 shares of the specialty chemicals company’s stock after selling 217 shares during the quarter. D.A. Davidson & CO.’s holdings in International Flavors & Fragrances were worth $1,292,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. First Pacific Advisors LP grew its position in shares of International Flavors & Fragrances by 58.9% during the third quarter. First Pacific Advisors LP now owns 2,497,364 shares of the specialty chemicals company’s stock valued at $226,836,000 after purchasing an additional 925,805 shares in the last quarter. Sarasin & Partners LLP grew its position in shares of International Flavors & Fragrances by 38.2% during the fourth quarter. Sarasin & Partners LLP now owns 3,061,197 shares of the specialty chemicals company’s stock valued at $320,936,000 after purchasing an additional 846,158 shares in the last quarter. Nomura Holdings Inc. grew its position in shares of International Flavors & Fragrances by 213.2% during the third quarter. Nomura Holdings Inc. now owns 1,184,676 shares of the specialty chemicals company’s stock valued at $107,551,000 after purchasing an additional 806,452 shares in the last quarter. Van ECK Associates Corp grew its position in shares of International Flavors & Fragrances by 1,214.0% during the third quarter. Van ECK Associates Corp now owns 813,170 shares of the specialty chemicals company’s stock valued at $73,861,000 after purchasing an additional 751,284 shares in the last quarter. Finally, Icahn Carl C purchased a new position in shares of International Flavors & Fragrances during the first quarter valued at about $84,643,000. 88.86% of the stock is owned by institutional investors.
International Flavors & Fragrances Stock Up 0.9 %
International Flavors & Fragrances stock opened at $95.20 on Friday. The business has a fifty day moving average of $90.95 and a two-hundred day moving average of $98.63. The company has a quick ratio of 1.15, a current ratio of 1.99 and a debt-to-equity ratio of 0.59. The firm has a market cap of $24.28 billion, a P/E ratio of -13.19, a P/E/G ratio of 4.66 and a beta of 1.08. International Flavors & Fragrances Inc. has a twelve month low of $81.53 and a twelve month high of $135.17.
International Flavors & Fragrances Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 6th. Stockholders of record on Friday, March 24th were issued a dividend of $0.81 per share. The ex-dividend date of this dividend was Thursday, March 23rd. This represents a $3.24 annualized dividend and a dividend yield of 3.40%. International Flavors & Fragrances’s dividend payout ratio is presently -44.88%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on IFF. UBS Group dropped their price target on International Flavors & Fragrances from $132.00 to $131.00 and set a “buy” rating for the company in a research report on Thursday, February 9th. Barclays dropped their price target on International Flavors & Fragrances from $82.00 to $81.00 and set an “underweight” rating for the company in a research report on Wednesday, March 29th. Mizuho dropped their target price on International Flavors & Fragrances from $119.00 to $105.00 and set a “neutral” rating for the company in a research report on Friday, February 10th. Bank of America upgraded International Flavors & Fragrances from an “underperform” rating to a “neutral” rating and dropped their target price for the company from $121.00 to $106.00 in a research report on Friday, February 10th. Finally, The Goldman Sachs Group boosted their target price on International Flavors & Fragrances from $139.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, January 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Hold” and an average target price of $114.73.
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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