Skandinaviska Enskilda Banken AB publ Trims Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Skandinaviska Enskilda Banken AB publ trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 8.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,195 shares of the specialty chemicals company’s stock after selling 4,842 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in International Flavors & Fragrances were worth $4,466,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on IFF shares. Wells Fargo & Company cut their target price on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. JPMorgan Chase & Co. dropped their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Citigroup dropped their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Finally, Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective on the stock. in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.50.

International Flavors & Fragrances Stock Up 0.7 %

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

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS 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 firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 170.21%.

Insider Transactions at International Flavors & Fragrances

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

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.