Quantbot Technologies LP Decreases Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Quantbot Technologies LP trimmed its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 51.8% during the fourth quarter, Holdings Channel reports. The firm owned 36,495 shares of the specialty chemicals company’s stock after selling 39,218 shares during the quarter. Quantbot Technologies LP’s holdings in International Flavors & Fragrances were worth $3,086,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IFF. Empowered Funds LLC boosted its position in International Flavors & Fragrances by 6.5% during the third quarter. Empowered Funds LLC now owns 4,130 shares of the specialty chemicals company’s stock worth $433,000 after purchasing an additional 251 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of International Flavors & Fragrances by 12.3% in the third quarter. Thrivent Financial for Lutherans now owns 12,102 shares of the specialty chemicals company’s stock worth $1,270,000 after acquiring an additional 1,329 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of International Flavors & Fragrances in the third quarter worth $1,740,000. PNC Financial Services Group Inc. raised its holdings in shares of International Flavors & Fragrances by 5.3% in the third quarter. PNC Financial Services Group Inc. now owns 38,705 shares of the specialty chemicals company’s stock worth $4,061,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of International Flavors & Fragrances in the third quarter worth $1,153,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IFF has been the subject of a number of analyst reports. Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target for the company. in a report on Thursday, February 20th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Barclays dropped their target price on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company dropped their target price on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. dropped their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average price target of $103.77.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O’byrne purchased 6,500 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the acquisition, the director now owns 6,500 shares of the company’s stock, valued at approximately $522,860. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $77.93 on Friday. International Flavors & Fragrances Inc. has a 1-year low of $77.28 and a 1-year high of $106.77. The business has a 50-day moving average of $83.23 and a 200-day moving average of $90.78. 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 company has a market capitalization of $19.93 billion, a price-to-earnings ratio of 82.90, a PEG ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances’s payout ratio is 170.21%.

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.