National Bank of Canada FI Cuts Position in International Flavors & Fragrances Inc. (NYSE:IFF)

National Bank of Canada FI lowered its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,459 shares of the specialty chemicals company’s stock after selling 10,859 shares during the period. National Bank of Canada FI owned approximately 0.06% of International Flavors & Fragrances worth $12,299,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in International Flavors & Fragrances in the fourth quarter valued at about $32,000. Fairway Wealth LLC purchased a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at about $34,000. Rialto Wealth Management LLC acquired a new position in International Flavors & Fragrances during the 4th quarter worth approximately $42,000. Principal Securities Inc. boosted its holdings in International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 171 shares during the period. Finally, Sugar Maple Asset Management LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at approximately $78,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O’byrne purchased 6,500 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the acquisition, the director now owns 6,500 shares in the company, valued at approximately $522,860. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is currently owned by company insiders.

International Flavors & Fragrances Trading Down 4.5 %

NYSE IFF opened at $73.01 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. International Flavors & Fragrances Inc. has a one year low of $72.82 and a one year high of $106.77. The company has a 50-day simple moving average of $81.66 and a 200-day simple moving average of $89.05. The firm has a market capitalization of $18.67 billion, a PE ratio of 77.67, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

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

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.19%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 170.21%.

Wall Street Analysts Forecast Growth

IFF has been the subject of several analyst reports. Cfra downgraded 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 note on Thursday, February 20th. Citigroup decreased their price objective on shares of 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. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Stifel Nicolaus lowered their price objective on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, Bank of America cut their target price on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and a consensus target price of $103.31.

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.