Groupama Asset Managment Trims Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Groupama Asset Managment trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 77.5% in the 4th quarter, Holdings Channel reports. The firm owned 3,479 shares of the specialty chemicals company’s stock after selling 11,987 shares during the quarter. Groupama Asset Managment’s holdings in International Flavors & Fragrances were worth $292,000 at the end of the most recent reporting period.

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

Insider Transactions at International Flavors & Fragrances

In other news, Director Kevin O’byrne acquired 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the acquisition, the director now directly owns 6,500 shares in the company, valued at approximately $522,860. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $76.41 on Friday. International Flavors & Fragrances Inc. has a 52 week low of $75.73 and a 52 week high of $106.77. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The stock has a market cap 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. The business’s 50 day moving average price is $81.92 and its 200-day moving average price is $89.26.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results 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. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Equities research 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 announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders 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 annualized dividend and a yield of 2.09%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 170.21%.

Analyst Upgrades and Downgrades

IFF has been the subject of several analyst reports. Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price for the company. in a report on Thursday, February 20th. Bank of America cut their price target on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus reduced their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. 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 report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average 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.