Elo Mutual Pension Insurance Co Sells 2,049 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Elo Mutual Pension Insurance Co reduced its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 9.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,633 shares of the specialty chemicals company’s stock after selling 2,049 shares during the period. Elo Mutual Pension Insurance Co’s holdings in International Flavors & Fragrances were worth $1,745,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IFF. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of International Flavors & Fragrances by 1.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 510,362 shares of the specialty chemicals company’s stock worth $42,115,000 after acquiring an additional 7,250 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in International Flavors & Fragrances by 4.8% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,738 shares of the specialty chemicals company’s stock valued at $401,000 after purchasing an additional 219 shares during the last quarter. Grantvest Financial Group LLC acquired a new position in International Flavors & Fragrances in the fourth quarter worth $351,000. Walnut Level Capital LLC acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at $559,000. Finally, Vanguard Group Inc. increased its stake in shares of International Flavors & Fragrances by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company’s stock valued at $2,554,996,000 after buying an additional 164,945 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Down 2.3 %

IFF stock opened at $76.41 on Friday. 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 market capitalization of $19.54 billion, a P/E ratio of 81.28, a P/E/G ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a fifty-two week low of $76.38 and a fifty-two week high of $106.77. The business has a 50-day moving average of $82.56 and a 200-day moving average of $89.89.

International Flavors & Fragrances (NYSE:IFF) last posted 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%. On average, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio is currently 170.21%.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O’byrne purchased 6,500 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the acquisition, the director now owns 6,500 shares of the company’s stock, valued at approximately $522,860. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

IFF has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their price objective on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Citigroup decreased their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Bank of America lowered their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company lowered their price target on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and a consensus target price of $103.31.

About International Flavors & Fragrances

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.