Cwm LLC Has $507,000 Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Cwm LLC reduced its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 8.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,896 shares of the specialty chemicals company’s stock after selling 534 shares during the quarter. Cwm LLC’s holdings in International Flavors & Fragrances were worth $507,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in IFF. HighTower Advisors LLC boosted its position in International Flavors & Fragrances by 97.0% during the third quarter. HighTower Advisors LLC now owns 23,677 shares of the specialty chemicals company’s stock worth $1,607,000 after purchasing an additional 11,656 shares during the period. Kestra Advisory Services LLC bought a new stake in International Flavors & Fragrances during the third quarter worth approximately $231,000. Rafferty Asset Management LLC boosted its position in International Flavors & Fragrances by 11.5% during the third quarter. Rafferty Asset Management LLC now owns 19,013 shares of the specialty chemicals company’s stock worth $1,296,000 after purchasing an additional 1,955 shares during the period. QRG Capital Management Inc. bought a new stake in International Flavors & Fragrances during the third quarter worth approximately $441,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in International Flavors & Fragrances during the third quarter worth approximately $1,179,000. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on IFF shares. Wells Fargo & Company upped their price target on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. Wolfe Research started coverage on International Flavors & Fragrances in a report on Friday, March 1st. They set an “underperform” rating for the company. Mizuho upped their price target on International Flavors & Fragrances from $91.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft upped their price target on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Finally, Stifel Nicolaus upped their target price on International Flavors & Fragrances from $87.00 to $95.00 and gave the company a “hold” rating in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $95.61.

Insider Transactions at International Flavors & Fragrances

In other news, insider Angela Strzelecki sold 2,588 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total transaction of $247,568.08. Following the sale, the insider now owns 8,539 shares in the company, valued at $816,840.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $95.98 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.05. The stock has a fifty day moving average price of $92.75 and a two-hundred day moving average price of $84.85. International Flavors & Fragrances Inc. has a 52-week low of $62.11 and a 52-week high of $99.91. The firm has a market capitalization of $24.51 billion, a P/E ratio of -9.82, a P/E/G ratio of 1.95 and a beta of 1.26.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.27. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 earnings per share. As a group, analysts anticipate that International Flavors & Fragrances Inc. will post 3.86 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

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 issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances’s payout ratio is presently -16.38%.

International Flavors & Fragrances Profile

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.