Wells Fargo & Company MN Has $26.74 Million Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Wells Fargo & Company MN lessened its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 14.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 316,279 shares of the specialty chemicals company’s stock after selling 54,867 shares during the period. Wells Fargo & Company MN owned approximately 0.12% of International Flavors & Fragrances worth $26,741,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. grew its position in International Flavors & Fragrances by 6.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 76,872 shares of the specialty chemicals company’s stock worth $8,066,000 after purchasing an additional 4,642 shares during the last quarter. Geode Capital Management LLC grew its position in 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 worth $628,341,000 after buying an additional 77,521 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in International Flavors & Fragrances by 6.9% during the third quarter. Coldstream Capital Management Inc. now owns 4,314 shares of the specialty chemicals company’s stock valued at $447,000 after acquiring an additional 279 shares during the period. Toronto Dominion Bank raised its holdings in International Flavors & Fragrances by 21.1% in the 3rd quarter. Toronto Dominion Bank now owns 126,257 shares of the specialty chemicals company’s stock valued at $13,248,000 after acquiring an additional 22,028 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of International Flavors & Fragrances by 872.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,323 shares of the specialty chemicals company’s stock worth $139,000 after acquiring an additional 1,187 shares during the period. Institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Kevin O’byrne acquired 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost 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 $522,860. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

International Flavors & Fragrances Trading Up 2.6 %

Shares of NYSE IFF opened at $73.24 on Friday. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $79.41 and a two-hundred day moving average of $87.45. The company has a market cap of $18.73 billion, a PE ratio of 77.92, a P/E/G ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.14. The firm 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%. As a group, equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 21st were issued a dividend of $0.40 per share. The ex-dividend date was Friday, March 21st. This represents a $1.60 annualized dividend and a yield of 2.18%. International Flavors & Fragrances’s dividend payout ratio is currently 170.21%.

Wall Street Analysts Forecast Growth

IFF has been the subject of a number of recent research reports. Wells Fargo & Company cut their target price on International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday. Stifel Nicolaus reduced their price objective on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating for the company in a report on Thursday. Oppenheimer lowered their target price on shares of 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. Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Finally, Bank of America lowered their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.69.

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.