International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia decreased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 73.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,398 shares of the specialty chemicals company’s stock after selling 99,978 shares during the quarter. Bank of Nova Scotia’s holdings in International Flavors & Fragrances were worth $3,077,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in International Flavors & Fragrances in the 4th quarter valued at about $32,000. Fairway Wealth LLC acquired a new stake in International Flavors & Fragrances during the fourth quarter valued at approximately $34,000. Rialto Wealth Management LLC bought a new stake in International Flavors & Fragrances during the fourth quarter worth approximately $42,000. Principal Securities Inc. grew its position in International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 171 shares during the last quarter. Finally, Sugar Maple Asset Management LLC bought a new position in shares of International Flavors & Fragrances in the fourth quarter valued at $78,000. Institutional investors own 96.02% of the company’s stock.

Insider Transactions at International Flavors & Fragrances

In related news, Director Kevin O’byrne acquired 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $80.44 per share, with a total value of $522,860.00. Following the purchase, the director now owns 6,500 shares of the company’s stock, valued at approximately $522,860. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Morgan Stanley reduced their price objective on International Flavors & Fragrances from $106.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday. Bank of America dropped their price target 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. Citigroup reduced their price objective on shares of International Flavors & Fragrances from $99.00 to $84.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company dropped their target price on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Oppenheimer reduced their price target on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” 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 issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average target price of $98.69.

International Flavors & Fragrances Trading Up 2.6 %

International Flavors & Fragrances stock opened at $73.24 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. International Flavors & Fragrances Inc. has a 12 month low of $65.85 and a 12 month high of $106.77. The company’s fifty day simple moving average is $79.41 and its 200-day simple moving average is $87.45. The stock has a market cap of $18.73 billion, a P/E ratio of 77.92, a P/E/G ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.14. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates 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, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

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

International Flavors & Fragrances Company 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.