International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Cyrus J. Lawrence LLC

Cyrus J. Lawrence LLC reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 10.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,550 shares of the specialty chemicals company’s stock after selling 175 shares during the period. Cyrus J. Lawrence LLC’s holdings in International Flavors & Fragrances were worth $147,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Riverview Trust Co purchased a new stake in shares of International Flavors & Fragrances during the 1st quarter valued at $27,000. Quent Capital LLC raised its holdings in shares of International Flavors & Fragrances by 183.2% in the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 240 shares during the period. Family Firm Inc. purchased a new stake in shares of International Flavors & Fragrances during the 2nd quarter worth about $38,000. Principal Securities Inc. acquired a new stake in International Flavors & Fragrances during the 4th quarter worth approximately $43,000. Finally, Fidelis Capital Partners LLC acquired a new position in International Flavors & Fragrances during the first quarter valued at approximately $44,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IFF has been the subject of a number of recent research reports. Morgan Stanley increased their target price on International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 3rd. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Oppenheimer boosted their price target on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. UBS Group dropped their price objective on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Finally, Wells Fargo & Company upped their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $103.87.

International Flavors & Fragrances Stock Down 1.0 %

NYSE:IFF opened at $102.23 on Monday. International Flavors & Fragrances Inc. has a 52 week low of $62.28 and a 52 week high of $105.30. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average of $99.80 and a 200-day moving average of $93.83. The firm has a market capitalization of $26.10 billion, a PE ratio of -10.46, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.01 by $0.15. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Analysts predict that International Flavors & Fragrances Inc. will post 4.23 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.57%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s payout ratio is currently -16.38%.

International Flavors & Fragrances Company 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.