International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Brinker Capital Investments LLC

Brinker Capital Investments LLC lessened its stake in International Flavors & Fragrances Inc. (NYSE:IFFGet Rating) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,636 shares of the specialty chemicals company’s stock after selling 680 shares during the quarter. Brinker Capital Investments LLC’s holdings in International Flavors & Fragrances were worth $966,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IFF. Fairfield Bush & CO. lifted its holdings in shares of International Flavors & Fragrances by 11.7% in the 1st quarter. Fairfield Bush & CO. now owns 4,791 shares of the specialty chemicals company’s stock valued at $629,000 after buying an additional 500 shares during the period. American Century Companies Inc. lifted its holdings in shares of International Flavors & Fragrances by 19.8% in the 1st quarter. American Century Companies Inc. now owns 3,380 shares of the specialty chemicals company’s stock valued at $444,000 after buying an additional 558 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of International Flavors & Fragrances by 10.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,844 shares of the specialty chemicals company’s stock valued at $767,000 after purchasing an additional 574 shares in the last quarter. Raymond James Trust N.A. increased its stake in shares of International Flavors & Fragrances by 2.4% in the 1st quarter. Raymond James Trust N.A. now owns 3,792 shares of the specialty chemicals company’s stock valued at $498,000 after purchasing an additional 90 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its stake in shares of International Flavors & Fragrances by 31.5% in the 1st quarter. Vontobel Holding Ltd. now owns 3,684 shares of the specialty chemicals company’s stock valued at $483,000 after purchasing an additional 883 shares in the last quarter. Institutional investors and hedge funds own 88.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on IFF shares. Stifel Nicolaus cut their price target on International Flavors & Fragrances from $153.00 to $130.00 in a research note on Thursday, October 13th. The Goldman Sachs Group cut their price target on International Flavors & Fragrances from $159.00 to $142.00 and set a “buy” rating for the company in a research note on Tuesday, October 18th. UBS Group lifted their price target on International Flavors & Fragrances from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, January 11th. Societe Generale cut their price objective on International Flavors & Fragrances from $170.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, November 9th. Finally, Bank of America lowered International Flavors & Fragrances from a “buy” rating to an “underperform” rating and set a $121.00 price objective for the company. in a research note on Wednesday, January 11th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $122.00.

International Flavors & Fragrances Trading Up 0.1 %

Shares of International Flavors & Fragrances stock opened at $112.36 on Monday. The stock has a market cap of $28.65 billion, a P/E ratio of -16.33, a P/E/G ratio of 3.37 and a beta of 1.03. The stock’s 50 day simple moving average is $105.90 and its 200-day simple moving average is $106.78. International Flavors & Fragrances Inc. has a 1-year low of $83.14 and a 1-year high of $143.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.79 and a quick ratio of 0.93.

International Flavors & Fragrances (NYSE:IFFGet Rating) last issued its earnings results on Monday, November 7th. The specialty chemicals company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.06. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. International Flavors & Fragrances had a positive return on equity of 7.31% and a negative net margin of 13.91%. Analysts predict that International Flavors & Fragrances Inc. will post 5.54 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Wednesday, December 28th were issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Tuesday, December 27th. International Flavors & Fragrances’s dividend payout ratio is presently -47.09%.

About International Flavors & Fragrances

(Get Rating)

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.

Further Reading

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

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