International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) by 28.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,659 shares of the specialty chemicals company’s stock after selling 27,898 shares during the quarter. Raymond James & Associates’ holdings in International Flavors & Fragrances were worth $7,303,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC purchased a new position in International Flavors & Fragrances during the fourth quarter worth approximately $49,000. Capital Analysts LLC lifted its position in International Flavors & Fragrances by 14,722.2% during the fourth quarter. Capital Analysts LLC now owns 1,334 shares of the specialty chemicals company’s stock worth $140,000 after buying an additional 1,325 shares in the last quarter. Alliance Wealth Advisors LLC UT purchased a new position in International Flavors & Fragrances during the fourth quarter worth approximately $424,000. Pictet & Cie Europe SA lifted its position in International Flavors & Fragrances by 18.3% during the fourth quarter. Pictet & Cie Europe SA now owns 5,160 shares of the specialty chemicals company’s stock worth $541,000 after buying an additional 800 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in International Flavors & Fragrances by 43.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 48,265 shares of the specialty chemicals company’s stock worth $5,060,000 after buying an additional 14,660 shares in the last quarter. Hedge funds and other institutional investors own 88.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on IFF shares. Robert W. Baird reduced their target price on International Flavors & Fragrances from $120.00 to $106.00 and set an “outperform” rating on the stock in a research report on Friday, February 10th. Barclays reduced their target price on International Flavors & Fragrances from $81.00 to $75.00 in a research report on Thursday, May 11th. StockNews.com started coverage on International Flavors & Fragrances in a research report on Thursday. They issued a “sell” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on International Flavors & Fragrances from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, February 10th. Finally, Wells Fargo & Company reduced their target price on International Flavors & Fragrances from $123.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, February 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $114.13.

Insider Transactions at International Flavors & Fragrances

In other news, insider De Villeplee Christoph Fauchon sold 1,972 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $86.35, for a total transaction of $170,282.20. Following the completion of the transaction, the insider now directly owns 9,093 shares of the company’s stock, valued at approximately $785,180.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Trading Down 0.6 %

IFF opened at $83.68 on Friday. International Flavors & Fragrances Inc. has a 12 month low of $81.02 and a 12 month high of $135.17. The stock has a market capitalization of $21.35 billion, a price-to-earnings ratio of -10.18, a PEG ratio of 4.67 and a beta of 1.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.53 and a quick ratio of 0.92. The business has a fifty day moving average price of $90.10 and a 200 day moving average price of $98.39.

International Flavors & Fragrances (NYSE:IFF – Get Rating) last released its earnings results on Monday, May 8th. The specialty chemicals company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.02). International Flavors & Fragrances had a positive return on equity of 6.64% and a negative net margin of 17.12%. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the firm earned $1.69 earnings per share. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. Sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.72 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Stockholders of record on Friday, June 23rd will be given a dividend of $0.81 per share. The ex-dividend date is Thursday, June 22nd. This represents a $3.24 annualized dividend and a dividend yield of 3.87%. International Flavors & Fragrances’s dividend payout ratio is currently -39.42%.

International Flavors & Fragrances Profile

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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.