Achmea Investment Management B.V. Trims Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Achmea Investment Management B.V. cut its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 17.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,976 shares of the specialty chemicals company’s stock after selling 2,685 shares during the quarter. Achmea Investment Management B.V.’s holdings in International Flavors & Fragrances were worth $1,098,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IFF. Apollon Wealth Management LLC lifted its holdings in shares of International Flavors & Fragrances by 31.1% during the third quarter. Apollon Wealth Management LLC now owns 5,397 shares of the specialty chemicals company’s stock worth $566,000 after purchasing an additional 1,281 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of International Flavors & Fragrances by 37.6% during the third quarter. Victory Capital Management Inc. now owns 113,019 shares of the specialty chemicals company’s stock worth $11,859,000 after purchasing an additional 30,910 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of International Flavors & Fragrances by 1.7% during the third quarter. Oppenheimer & Co. Inc. now owns 10,760 shares of the specialty chemicals company’s stock worth $1,129,000 after purchasing an additional 175 shares during the period. Huntington National Bank lifted its holdings in shares of International Flavors & Fragrances by 3.1% during the third quarter. Huntington National Bank now owns 4,095 shares of the specialty chemicals company’s stock worth $430,000 after purchasing an additional 124 shares during the period. Finally, KBC Group NV lifted its holdings in shares of International Flavors & Fragrances by 4.0% during the third quarter. KBC Group NV now owns 21,484 shares of the specialty chemicals company’s stock worth $2,254,000 after purchasing an additional 834 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Oppenheimer reduced their target price on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Stifel Nicolaus reduced their target price on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Cfra downgraded International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price for the company. in a report on Thursday, February 20th. Finally, Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.50.

Insiders Place Their Bets

In other International Flavors & Fragrances news, Director Kevin O’byrne purchased 6,500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $80.44 per share, with a total value of $522,860.00. Following the purchase, the director now owns 6,500 shares in the company, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Trading Up 0.7 %

International Flavors & Fragrances stock opened at $79.76 on Friday. The stock has a market cap of $20.39 billion, a PE ratio of 84.85, a P/E/G ratio of 1.45 and a beta of 1.21. The stock has a 50-day moving average price of $83.41 and a 200 day moving average price of $91.59. International Flavors & Fragrances Inc. has a 52 week low of $78.91 and a 52 week high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. Equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances’s payout ratio is 170.21%.

International Flavors & Fragrances 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.