JARISLOWSKY FRASER Ltd Has $1.61 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

JARISLOWSKY FRASER Ltd trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,000 shares of the specialty chemicals company’s stock after selling 400 shares during the period. JARISLOWSKY FRASER Ltd’s holdings in International Flavors & Fragrances were worth $1,606,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Compagnie Lombard Odier SCmA raised its position in shares of International Flavors & Fragrances by 11.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock valued at $9,654,000 after acquiring an additional 11,406 shares during the period. Choreo LLC raised its position in shares of International Flavors & Fragrances by 55.7% in the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock valued at $2,055,000 after acquiring an additional 8,728 shares during the period. Covea Finance raised its position in shares of International Flavors & Fragrances by 79.0% in the 4th quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock valued at $10,407,000 after acquiring an additional 54,340 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $7,508,000. Finally, S.E.E.D. Planning Group LLC raised its position in shares of International Flavors & Fragrances by 372.9% in the 4th quarter. S.E.E.D. Planning Group LLC now owns 63,104 shares of the specialty chemicals company’s stock valued at $5,335,000 after acquiring an additional 49,761 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

Shares of IFF opened at $73.46 on Monday. The stock has a market capitalization of $18.79 billion, a P/E ratio of 78.15, a P/E/G ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances Inc. has a twelve month low of $65.85 and a twelve month high of $106.77. The company has a 50 day moving average of $76.39 and a 200-day moving average of $83.41. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the business earned $1.13 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. International Flavors & Fragrances’s dividend payout ratio is presently -48.93%.

Insider Activity at International Flavors & Fragrances

In related news, CEO J Erik Fyrwald acquired 700 shares of International Flavors & Fragrances stock in a transaction on Thursday, May 8th. The stock was purchased at an average cost of $74.00 per share, with a total value of $51,800.00. Following the completion of the transaction, the chief executive officer now directly owns 37,770 shares in the company, valued at $2,794,980. This trade represents a 1.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin O’byrne acquired 6,500 shares of International Flavors & Fragrances stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the transaction, the director now owns 6,500 shares of the company’s stock, valued at approximately $522,860. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on IFF shares. Wells Fargo & Company dropped their target price on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Robert W. Baird dropped their target price on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday. Oppenheimer dropped their target price on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped 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 report on Thursday, February 20th. Finally, UBS Group raised their target price on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $92.69.

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.