D.A. Davidson & CO. Sells 1,048 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

D.A. Davidson & CO. cut its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,811 shares of the specialty chemicals company’s stock after selling 1,048 shares during the period. D.A. Davidson & CO.’s holdings in International Flavors & Fragrances were worth $2,090,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Winder Pte. Ltd. bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth about $1,728,544,000. Nordea Investment Management AB raised its holdings in shares of International Flavors & Fragrances by 16.3% in the 3rd quarter. Nordea Investment Management AB now owns 5,672,776 shares of the specialty chemicals company’s stock worth $388,358,000 after acquiring an additional 795,797 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of International Flavors & Fragrances by 12.9% in the 4th quarter. Van ECK Associates Corp now owns 4,434,301 shares of the specialty chemicals company’s stock worth $359,045,000 after acquiring an additional 507,193 shares during the last quarter. First Pacific Advisors LP raised its holdings in shares of International Flavors & Fragrances by 15.8% in the 3rd quarter. First Pacific Advisors LP now owns 3,893,127 shares of the specialty chemicals company’s stock worth $265,394,000 after acquiring an additional 530,595 shares during the last quarter. Finally, Northern Trust Corp increased its stake in International Flavors & Fragrances by 6.1% in the 3rd quarter. Northern Trust Corp now owns 3,119,754 shares of the specialty chemicals company’s stock valued at $212,674,000 after buying an additional 179,894 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Stock Up 1.8 %

Shares of NYSE:IFF traded up $1.67 during trading on Friday, reaching $96.14. The stock had a trading volume of 1,287,245 shares, compared to its average volume of 1,864,780. International Flavors & Fragrances Inc. has a one year low of $62.11 and a one year high of $99.91. The company has a market capitalization of $24.55 billion, a P/E ratio of -9.84, a PEG ratio of 1.92 and a beta of 1.21. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The firm’s 50-day simple moving average is $88.05 and its 200 day simple moving average is $81.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.86 by $0.27. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.78 billion. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 EPS. As a group, research analysts expect that International Flavors & Fragrances Inc. will post 3.85 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is -16.38%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays raised their price target on shares of International Flavors & Fragrances from $82.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 8th. Mizuho raised their price objective on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Citigroup raised their price objective on shares of International Flavors & Fragrances from $100.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Argus downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Finally, Wells Fargo & Company raised their price objective on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $94.41.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.