Financial Counselors Inc. Sells 3,332 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Financial Counselors Inc. cut its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 11.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 24,678 shares of the specialty chemicals company’s stock after selling 3,332 shares during the period. Financial Counselors Inc.’s holdings in International Flavors & Fragrances were worth $2,087,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of International Flavors & Fragrances by 8.9% in the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock valued at $123,000 after purchasing an additional 119 shares during the period. Arete Wealth Advisors LLC boosted its holdings in shares of International Flavors & Fragrances by 4.2% in the third quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock valued at $321,000 after buying an additional 124 shares during the period. Truist Financial Corp increased its position in shares of International Flavors & Fragrances by 0.7% during the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock worth $1,683,000 after acquiring an additional 129 shares in the last quarter. United Community Bank raised its holdings in shares of International Flavors & Fragrances by 19.4% during the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock worth $78,000 after acquiring an additional 150 shares during the period. Finally, Principal Securities Inc. boosted its stake in International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 171 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Kevin O’byrne bought 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the purchase, the director now owns 6,500 shares in the company, valued at approximately $522,860. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Performance

IFF opened at $78.25 on Friday. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.01 billion, a price-to-earnings ratio of 83.24, a PEG ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a 12-month low of $75.63 and a 12-month high of $106.77. The business has a 50 day moving average of $82.73 and a 200-day moving average of $90.16.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. On average, equities research analysts expect 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 declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 annualized dividend and a yield of 2.04%. International Flavors & Fragrances’s dividend payout ratio is currently 170.21%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on IFF. Bank of America cut their price target on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Citigroup cut their target price on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Barclays decreased their price target on shares of International Flavors & Fragrances from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Thursday. Wells Fargo & Company cut their price objective on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. decreased their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus target price of $103.31.

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.