International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC lowered its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 6.8% during the fourth quarter, according to the company in its most recent disclosure 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 period. Trillium Asset Management LLC owned 0.08% of International Flavors & Fragrances worth $16,991,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. State Street Corp boosted its stake in shares of 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 valued at $1,102,363,000 after acquiring an additional 196,696 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of International Flavors & Fragrances by 1.3% during the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock valued at $628,341,000 after acquiring an additional 77,521 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of International Flavors & Fragrances by 41.6% during the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock valued at $478,912,000 after acquiring an additional 1,663,629 shares during the last quarter. Nordea Investment Management AB boosted its stake 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 buying an additional 1,121,414 shares during the last quarter. Finally, First Pacific Advisors LP boosted its stake in International Flavors & Fragrances by 0.6% in the 4th quarter. First Pacific Advisors LP now owns 4,029,773 shares of the specialty chemicals company’s stock worth $340,717,000 after buying an additional 22,991 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF opened at $80.77 on Wednesday. The company has a market cap of $20.65 billion, a P/E ratio of 85.93, a PEG ratio of 1.45 and a beta of 1.21. 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 one year low of $78.91 and a one year high of $106.77. The business’s 50-day simple moving average is $83.38 and its 200 day simple moving average is $91.21.

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, beating the consensus estimate of $0.83 by $0.14. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. On average, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be issued 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 1.98%. International Flavors & Fragrances’s payout ratio is currently 170.21%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O’byrne acquired 6,500 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the acquisition, the director now directly 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

IFF has been the topic of a number of research analyst reports. Oppenheimer decreased their price target on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Cfra lowered International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a research note on Thursday, February 20th. Barclays decreased their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their price objective 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, International Flavors & Fragrances has an average 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.