International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 10.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 765,695 shares of the specialty chemicals company’s stock after selling 91,732 shares during the quarter. Nuveen Asset Management LLC’s holdings in International Flavors & Fragrances were worth $64,740,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at approximately $32,000. Fairway Wealth LLC acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $34,000. Rialto Wealth Management LLC acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $42,000. Principal Securities Inc. lifted its stake in shares of International Flavors & Fragrances by 36.6% during the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 171 shares during the period. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $78,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at International Flavors & Fragrances

In related news, Director Mehmood Khan bought 4,000 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were acquired at an average price of $75.33 per share, for a total transaction of $301,320.00. Following the completion of the transaction, the director now directly owns 4,604 shares in the company, valued at $346,819.32. This trade represents a 662.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin O’byrne bought 6,500 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $80.44 per share, for a total transaction of $522,860.00. Following 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. Over the last quarter, insiders bought 11,200 shares of company stock valued at $875,980. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on IFF. Wells Fargo & Company lowered their price objective on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Barclays upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $76.00 to $84.00 in a research note on Thursday, May 8th. Citigroup lifted their price objective on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. UBS Group lifted their price objective on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Finally, Morgan Stanley reduced their target price on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an “overweight” rating for the company in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.54.

International Flavors & Fragrances Trading Up 2.0%

Shares of International Flavors & Fragrances stock opened at $77.68 on Monday. International Flavors & Fragrances Inc. has a 1 year low of $65.85 and a 1 year high of $106.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The firm has a fifty day moving average price of $75.89 and a 200 day moving average price of $82.55. The stock has a market cap of $19.87 billion, a PE ratio of 82.64, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the company earned $1.13 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.06%. International Flavors & Fragrances’s payout ratio is -48.93%.

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.