Bard Financial Services Inc. Decreases Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Bard Financial Services Inc. trimmed its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 9.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,525 shares of the specialty chemicals company’s stock after selling 600 shares during the quarter. Bard Financial Services Inc.’s holdings in International Flavors & Fragrances were worth $429,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of IFF. Freemont Capital Pte Ltd purchased a new position in International Flavors & Fragrances in the 4th quarter worth approximately $2,143,882,000. Norges Bank purchased a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at approximately $452,363,000. Dodge & Cox raised its position in shares of International Flavors & Fragrances by 11.9% during the 4th quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock valued at $2,658,063,000 after buying an additional 3,355,381 shares during the period. Van ECK Associates Corp raised its position in shares of International Flavors & Fragrances by 41.6% during the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock valued at $478,912,000 after buying an additional 1,663,629 shares during the period. Finally, Northern Trust Corp raised its position in shares of International Flavors & Fragrances by 19.9% during the 4th quarter. Northern Trust Corp now owns 3,407,262 shares of the specialty chemicals company’s stock valued at $288,084,000 after buying an additional 565,769 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Down 1.2%

International Flavors & Fragrances stock opened at $78.36 on Thursday. International Flavors & Fragrances Inc. has a twelve month low of $65.85 and a twelve month high of $106.77. The stock’s fifty day simple moving average is $75.34 and its 200-day simple moving average is $80.88. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $20.04 billion, a P/E ratio of 83.36, a P/E/G ratio of 1.45 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the company earned $1.13 earnings per share. The company’s revenue was down 1.9% on a year-over-year basis. As a group, equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances’s dividend payout ratio is currently -48.93%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a research report on Thursday, February 20th. Tigress Financial assumed coverage on shares of International Flavors & Fragrances in a research report on Wednesday, June 4th. They set a “buy” rating and a $105.00 price target on the stock. Robert W. Baird reduced their price target on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday, May 8th. Wells Fargo & Company reduced their price target on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus reduced their price target on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average price target of $93.43.

Insider Transactions at International Flavors & Fragrances

In other news, Director Kevin O’byrne bought 4,500 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average price of $76.05 per share, for a total transaction of $342,225.00. Following the completion of the purchase, the director now owns 7,696 shares in the company, valued at approximately $585,280.80. This trade represents a 140.80% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen N. Landsman bought 12,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average price of $77.28 per share, with a total value of $927,360.00. Following the purchase, the executive vice president now owns 12,000 shares of the company’s stock, valued at approximately $927,360. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 22,050 shares of company stock valued at $1,688,512. 0.20% of the stock is currently owned by company insiders.

International Flavors & Fragrances Company Profile

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.