International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. trimmed its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFFFree Report) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,967 shares of the specialty chemicals company’s stock after selling 1,509 shares during the period. Brown Advisory Inc.’s holdings in International Flavors & Fragrances were worth $3,074,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Blue Bell Private Wealth Management LLC lifted its holdings in shares of International Flavors & Fragrances by 3,000.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at $41,000. Principal Securities Inc. purchased a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at $43,000. Parkside Financial Bank & Trust lifted its holdings in shares of International Flavors & Fragrances by 241.3% during the third quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company’s stock valued at $51,000 after purchasing an additional 526 shares during the last quarter. Finally, Janiczek Wealth Management LLC lifted its holdings in shares of International Flavors & Fragrances by 466.7% during the fourth quarter. Janiczek Wealth Management LLC now owns 918 shares of the specialty chemicals company’s stock valued at $74,000 after purchasing an additional 756 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Price Performance

Shares of IFF stock opened at $95.94 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. International Flavors & Fragrances Inc. has a fifty-two week low of $62.11 and a fifty-two week high of $99.91. The stock’s 50-day moving average is $87.53 and its two-hundred day moving average is $81.51.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.27. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 EPS. As a group, analysts anticipate that International Flavors & Fragrances Inc. will post 3.85 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio is -16.38%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IFF. Deutsche Bank Aktiengesellschaft upped their target price on International Flavors & Fragrances from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Wells Fargo & Company increased their price objective on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. Citigroup increased their price objective on International Flavors & Fragrances from $100.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Barclays increased their price objective on International Flavors & Fragrances from $82.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 8th. Finally, Robert W. Baird increased their price objective on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Hold” and a consensus price target of $94.41.

Get Our Latest Stock Analysis on International Flavors & Fragrances

International Flavors & Fragrances Profile

(Free Report)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.

See Also

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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