Financial Counselors Inc. Has $2.09 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Financial Counselors Inc. cut its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 11.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 reporting period.

A number of other large investors have also modified their holdings of IFF. SBI Securities Co. Ltd. acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $32,000. Fairway Wealth LLC acquired a new position in International Flavors & Fragrances in the fourth quarter worth about $34,000. Point72 Hong Kong Ltd bought a new position in International Flavors & Fragrances during the third quarter worth about $42,000. Rialto Wealth Management LLC acquired a new stake in International Flavors & Fragrances during the fourth quarter valued at approximately $42,000. Finally, Principal Securities Inc. grew its stake 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 purchasing an additional 171 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Kevin O’byrne bought 6,500 shares of International Flavors & Fragrances stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the acquisition, the director now owns 6,500 shares in the company, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on IFF shares. 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. Stifel Nicolaus lowered their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Bank of America dropped their target price on shares of 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. Barclays reduced their price target on shares of International Flavors & Fragrances from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Citigroup cut their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and an average target price of $103.31.

International Flavors & Fragrances Stock Up 0.8 %

NYSE IFF opened at $78.25 on Friday. The stock has a market capitalization of $20.01 billion, a P/E ratio of 83.24, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a 52 week low of $75.63 and a 52 week high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The stock has a fifty day moving average of $82.73 and a 200-day moving average of $90.16.

International Flavors & Fragrances (NYSE:IFF) last announced 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. 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 during the quarter, compared to analyst estimates of $2.67 billion. On average, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

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 given a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 2.04%. International Flavors & Fragrances’s dividend payout ratio is currently 170.21%.

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.