International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Adams Natural Resources Fund Inc.

Adams Natural Resources Fund Inc. reduced its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,606 shares of the specialty chemicals company’s stock after selling 9,000 shares during the quarter. International Flavors & Fragrances comprises approximately 0.8% of Adams Natural Resources Fund Inc.’s investment portfolio, making the stock its 29th largest position. Adams Natural Resources Fund Inc.’s holdings in International Flavors & Fragrances were worth $4,786,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of International Flavors & Fragrances in the fourth quarter worth about $32,000. Point72 Hong Kong Ltd purchased a new position in International Flavors & Fragrances in the 3rd quarter worth approximately $42,000. Fairway Wealth LLC purchased a new position in International Flavors & Fragrances in the 4th quarter worth approximately $34,000. Rialto Wealth Management LLC purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $42,000. Finally, Principal Securities Inc. increased its holdings in shares of International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 2.3 %

NYSE:IFF opened at $77.93 on Friday. The stock’s fifty day moving average is $83.23 and its two-hundred day moving average is $90.87. International Flavors & Fragrances Inc. has a 52 week low of $77.28 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 capitalization of $19.93 billion, a price-to-earnings ratio of 82.90, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.83 by $0.14. The business 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%. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.05%. International Flavors & Fragrances’s payout ratio is currently 170.21%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O’byrne acquired 6,500 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the acquisition, the director now owns 6,500 shares in the company, valued at $522,860. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Oppenheimer lowered their price target on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Barclays cut their price objective on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report 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 on the stock. in a report on Thursday, February 20th. Finally, Citigroup cut their price target 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus target price of $103.77.

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.