SeaCrest Wealth Management LLC Has $327,000 Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

SeaCrest Wealth Management LLC reduced its position in International Flavors & Fragrances Inc. (NYSE:IFFFree Report) by 11.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,094 shares of the specialty chemicals company’s stock after selling 553 shares during the period. SeaCrest Wealth Management LLC’s holdings in International Flavors & Fragrances were worth $327,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Winder Pte. Ltd. acquired a new position in International Flavors & Fragrances in the 3rd quarter worth about $1,728,544,000. State Street Corp increased its position in International Flavors & Fragrances by 8.9% in the 2nd quarter. State Street Corp now owns 14,567,213 shares of the specialty chemicals company’s stock worth $1,171,031,000 after purchasing an additional 1,192,222 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in International Flavors & Fragrances by 59.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,772,700 shares of the specialty chemicals company’s stock worth $814,890,000 after purchasing an additional 2,890,737 shares during the last quarter. Nordea Investment Management AB increased its position in International Flavors & Fragrances by 16.3% in the 3rd quarter. Nordea Investment Management AB now owns 5,672,776 shares of the specialty chemicals company’s stock worth $388,358,000 after purchasing an additional 795,797 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of International Flavors & Fragrances by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 5,274,530 shares of the specialty chemicals company’s stock worth $483,953,000 after acquiring an additional 116,338 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $85.99 on Friday. International Flavors & Fragrances Inc. has a 1-year low of $62.11 and a 1-year high of $97.49. The firm has a market capitalization of $21.95 billion, a PE ratio of -8.56, a PEG ratio of 1.92 and a beta of 1.22. The business’s 50 day moving average is $80.55 and its 200-day moving average is $75.70. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the business posted $0.97 EPS. International Flavors & Fragrances’s revenue for the quarter was down 5.0% compared to the same quarter last year. Sell-side analysts predict that International Flavors & Fragrances Inc. will post 3.69 earnings per share for the current year.

International Flavors & Fragrances Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Friday, March 22nd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.86%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -15.94%.

Analyst Ratings Changes

IFF has been the topic of a number of analyst reports. Citigroup lowered their price objective on International Flavors & Fragrances from $85.00 to $81.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Morgan Stanley increased their price objective on International Flavors & Fragrances from $89.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday. Stifel Nicolaus lowered their price objective on International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, February 21st. UBS Group increased their price objective on International Flavors & Fragrances from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. Finally, Argus lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $84.29.

Read Our Latest Stock Report on IFF

International Flavors & Fragrances Company 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.

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

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