American International Group Inc. Decreases Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

American International Group Inc. lowered its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,941 shares of the specialty chemicals company’s stock after selling 601 shares during the period. American International Group Inc.’s holdings in International Flavors & Fragrances were worth $5,420,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC boosted its holdings in shares of International Flavors & Fragrances by 3,000.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 300 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in International Flavors & Fragrances during the fourth quarter valued at $41,000. Principal Securities Inc. purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at $43,000. Sachetta LLC bought a new stake in shares of International Flavors & Fragrances in the 4th quarter worth about $50,000. Finally, Optiver Holding B.V. purchased a new position in shares of International Flavors & Fragrances during the 4th quarter worth about $50,000. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $95.98 on Friday. 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 $24.51 billion, a PE ratio of -9.82, a P/E/G ratio of 1.95 and a beta of 1.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.68. The company has a 50-day simple moving average of $92.75 and a two-hundred day simple moving average of $84.85.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.27. The company 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%. International Flavors & Fragrances’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 earnings per share. Research analysts expect that International Flavors & Fragrances Inc. will post 3.86 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. Investors of record on Friday, June 21st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.67%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio is currently -16.38%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider Angela Strzelecki sold 2,588 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $95.66, for a total transaction of $247,568.08. Following the transaction, the insider now owns 8,539 shares in the company, valued at $816,840.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

IFF has been the subject of several analyst reports. Argus downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. Citigroup boosted their price objective on International Flavors & Fragrances from $100.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $100.00 target price on shares of International Flavors & Fragrances in a research note on Tuesday, May 21st. Wolfe Research assumed coverage on shares of International Flavors & Fragrances in a research note on Friday, March 1st. They set an “underperform” rating for the company. Finally, Stifel Nicolaus raised their price target on shares of International Flavors & Fragrances from $87.00 to $95.00 and gave the stock a “hold” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, International Flavors & Fragrances presently has an average rating of “Hold” and a consensus target price of $95.61.

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.