Solstein Capital LLC Sells 375 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Solstein Capital LLC cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 23.9% during the fourth quarter, HoldingsChannel reports. The firm owned 1,195 shares of the specialty chemicals company’s stock after selling 375 shares during the period. Solstein Capital LLC’s holdings in International Flavors & Fragrances were worth $101,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in International Flavors & Fragrances by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company’s stock worth $2,554,996,000 after buying an additional 164,945 shares during the period. State Street Corp increased its position in International Flavors & Fragrances by 1.9% during the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after acquiring an additional 196,696 shares during the period. Geode Capital Management LLC raised its stake in International Flavors & Fragrances by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company’s stock valued at $520,032,000 after purchasing an additional 157,948 shares during the last quarter. Van ECK Associates Corp boosted its holdings in International Flavors & Fragrances by 41.6% in the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock valued at $478,912,000 after purchasing an additional 1,663,629 shares during the period. Finally, Nordea Investment Management AB grew its position in International Flavors & Fragrances by 25.7% in the 4th quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company’s stock worth $464,926,000 after purchasing an additional 1,121,414 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on IFF shares. JPMorgan Chase & Co. cut their price objective 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. Stifel Nicolaus reduced their price objective on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Cfra lowered International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective on the stock. in a report on Thursday, February 20th. Barclays cut their target price on International Flavors & Fragrances from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Finally, Citigroup decreased their price target on shares of 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.31.

Insider Activity at International Flavors & Fragrances

In other news, Director Kevin O’byrne acquired 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, for a total transaction of $522,860.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by company insiders.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $73.01 on Friday. The stock has a market capitalization of $18.67 billion, a P/E ratio of 77.67, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a 1 year low of $72.82 and a 1 year high of $106.77. The firm has a 50 day moving average of $81.66 and a 200-day moving average of $89.05. 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 announced its earnings results 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 company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 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.