Swiss National Bank Has $61.07 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Swiss National Bank cut its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 722,299 shares of the specialty chemicals company’s stock after selling 35,600 shares during the period. Swiss National Bank owned 0.28% of International Flavors & Fragrances worth $61,070,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Compagnie Lombard Odier SCmA lifted its stake in International Flavors & Fragrances by 11.1% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock valued at $9,654,000 after acquiring an additional 11,406 shares during the last quarter. Choreo LLC increased its position in International Flavors & Fragrances by 55.7% during the fourth quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock worth $2,055,000 after buying an additional 8,728 shares during the last quarter. Covea Finance raised its holdings in International Flavors & Fragrances by 79.0% during the fourth quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock valued at $10,407,000 after buying an additional 54,340 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter worth about $7,508,000. Finally, S.E.E.D. Planning Group LLC increased its holdings in shares of International Flavors & Fragrances by 372.9% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 63,104 shares of the specialty chemicals company’s stock valued at $5,335,000 after acquiring an additional 49,761 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IFF has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Barclays lowered their target price on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price for the company. in a research report on Thursday, February 20th. Wells Fargo & Company lowered their price target on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Finally, Citigroup cut their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

International Flavors & Fragrances Stock Up 0.7 %

Shares of IFF stock opened at $79.76 on Friday. International Flavors & Fragrances Inc. has a one year low of $78.91 and a one year high of $106.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The stock has a fifty day moving average price of $83.41 and a 200 day moving average price of $91.59. The stock has a market cap of $20.39 billion, a P/E ratio of 84.85, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. Analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be issued a $0.40 dividend. The ex-dividend date is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.01%. International Flavors & Fragrances’s payout ratio is presently 170.21%.

Insider Buying and Selling

In related news, Director Kevin O’byrne purchased 6,500 shares of the stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares of the company’s stock, valued at approximately $522,860. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

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.