Investors Sell Shares of International Flavors & Fragrances (IFF) on Strength (IFF)

Investors sold shares of International Flavors & Fragrances Inc (NYSE:IFF) on strength during trading hours on Monday. $8.87 million flowed into the stock on the tick-up and $45.42 million flowed out of the stock on the tick-down, for a money net flow of $36.55 million out of the stock. Of all stocks tracked, International Flavors & Fragrances had the 26th highest net out-flow for the day. International Flavors & Fragrances traded up $1.04 for the day and closed at $142.05

Several equities research analysts recently issued reports on the stock. Deutsche Bank reduced their price objective on shares of International Flavors & Fragrances from $150.00 to $147.00 and set a “hold” rating for the company in a research note on Thursday, February 15th. Zacks Investment Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research note on Tuesday, January 9th. KeyCorp reduced their price objective on shares of International Flavors & Fragrances from $162.00 to $156.00 and set an “overweight” rating for the company in a research note on Friday, February 16th. Finally, Evercore ISI raised shares of International Flavors & Fragrances from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. International Flavors & Fragrances has a consensus rating of “Hold” and a consensus price target of $151.86.

The company has a market cap of $11,230.00, a price-to-earnings ratio of 25.94, a P/E/G ratio of 2.64 and a beta of 1.13. The company has a quick ratio of 1.62, a current ratio of 2.47 and a debt-to-equity ratio of 0.97.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Wednesday, February 14th. The specialty chemicals company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.30 by $0.10. The firm had revenue of $854.60 million for the quarter, compared to the consensus estimate of $832.26 million. International Flavors & Fragrances had a net margin of 8.70% and a return on equity of 27.69%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.22 EPS. sell-side analysts expect that International Flavors & Fragrances Inc will post 6.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Monday, March 26th will be issued a $0.69 dividend. The ex-dividend date is Friday, March 23rd. This represents a $2.76 annualized dividend and a yield of 1.94%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 50.36%.

In related news, EVP Francisco Fortanet sold 603 shares of International Flavors & Fragrances stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $141.94, for a total value of $85,589.82. Following the transaction, the executive vice president now owns 38,393 shares in the company, valued at approximately $5,449,502.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.48% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in International Flavors & Fragrances by 4.4% in the 4th quarter. BlackRock Inc. now owns 5,289,706 shares of the specialty chemicals company’s stock worth $807,263,000 after acquiring an additional 222,692 shares during the period. Wells Fargo & Company MN increased its holdings in shares of International Flavors & Fragrances by 5.5% during the 4th quarter. Wells Fargo & Company MN now owns 1,371,747 shares of the specialty chemicals company’s stock worth $209,343,000 after purchasing an additional 72,116 shares during the period. Capital International Investors increased its holdings in shares of International Flavors & Fragrances by 22.3% during the 3rd quarter. Capital International Investors now owns 1,259,300 shares of the specialty chemicals company’s stock worth $179,967,000 after purchasing an additional 229,300 shares during the period. Amundi Pioneer Asset Management Inc. increased its holdings in shares of International Flavors & Fragrances by 9.4% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,075,941 shares of the specialty chemicals company’s stock worth $164,200,000 after purchasing an additional 92,050 shares during the period. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of International Flavors & Fragrances by 9.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 929,981 shares of the specialty chemicals company’s stock worth $141,924,000 after purchasing an additional 81,862 shares during the period. Hedge funds and other institutional investors own 83.59% of the company’s stock.

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International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

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