Trillium Asset Management LLC Reduces Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Trillium Asset Management LLC cut its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 200,960 shares of the specialty chemicals company’s stock after selling 14,741 shares during the quarter. Trillium Asset Management LLC’s holdings in International Flavors & Fragrances were worth $16,991,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of IFF. SBI Securities Co. Ltd. bought a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $32,000. Point72 Hong Kong Ltd bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $42,000. Fairway Wealth LLC bought a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $34,000. Rialto Wealth Management LLC bought a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $42,000. Finally, Principal Securities Inc. increased its holdings in shares of International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 171 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at International Flavors & Fragrances

In other news, Director Kevin O’byrne acquired 6,500 shares of the company’s stock in a transaction dated 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 approximately $522,860. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Trading Down 1.5 %

Shares of IFF stock opened at $80.77 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. International Flavors & Fragrances Inc. has a 1 year low of $78.91 and a 1 year high of $106.77. The stock has a fifty day moving average of $83.38 and a two-hundred day moving average of $91.21. The firm has a market capitalization of $20.65 billion, a PE ratio of 85.93, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last announced 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 company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. As a group, research analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio is presently 170.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on IFF shares. Cfra downgraded 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. Citigroup reduced their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Bank of America reduced their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Wells Fargo & Company reduced their price objective on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Finally, Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

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.