International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co cut its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 9.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,263 shares of the specialty chemicals company’s stock after selling 20,521 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.08% of International Flavors & Fragrances worth $17,265,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new position in shares of International Flavors & Fragrances during the third quarter valued at $406,000. Tidal Investments LLC grew its position in International Flavors & Fragrances by 9.3% in the 3rd quarter. Tidal Investments LLC now owns 8,809 shares of the specialty chemicals company’s stock valued at $924,000 after buying an additional 750 shares in the last quarter. Principal Financial Group Inc. increased its stake in International Flavors & Fragrances by 2.1% during the 3rd quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company’s stock valued at $49,388,000 after buying an additional 9,555 shares during the period. Versant Capital Management Inc raised its position in shares of International Flavors & Fragrances by 46.8% during the 4th quarter. Versant Capital Management Inc now owns 1,041 shares of the specialty chemicals company’s stock worth $88,000 after buying an additional 332 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its stake in shares of International Flavors & Fragrances by 8.2% in the 4th quarter. Central Pacific Bank Trust Division now owns 10,600 shares of the specialty chemicals company’s stock worth $896,000 after acquiring an additional 800 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on IFF shares. Oppenheimer cut their target price on 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. JPMorgan Chase & Co. reduced 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. Mizuho dropped their target price on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Citigroup dropped their price target on International Flavors & Fragrances from $99.00 to $84.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price on the stock. in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.69.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $73.33 on Monday. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77. The stock’s 50-day moving average is $78.18 and its two-hundred day moving average is $86.26. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The firm has a market cap of $18.75 billion, a P/E ratio of 78.01, a PEG ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. Analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.18%. The ex-dividend date was Friday, March 21st. International Flavors & Fragrances’s payout ratio is 170.21%.

Insider Buying and Selling at International Flavors & Fragrances

In related news, Director Kevin O’byrne acquired 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $80.44 per share, with a total value of $522,860.00. Following the acquisition, the director now owns 6,500 shares in the company, valued at approximately $522,860. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

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.