International Flavors & Fragrances Inc. $IFF Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lessened its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 19.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,714,075 shares of the specialty chemicals company’s stock after selling 414,804 shares during the period. Nordea Investment Management AB’s holdings in International Flavors & Fragrances were worth $115,889,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its position in International Flavors & Fragrances by 896.4% during the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 493 shares during the period. Elkhorn Partners Limited Partnership raised its stake in shares of International Flavors & Fragrances by 200.0% during the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 400 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 210 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of International Flavors & Fragrances during the second quarter worth $49,000. Finally, Transamerica Financial Advisors LLC grew its position in International Flavors & Fragrances by 884.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after buying an additional 610 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 142,000 shares of International Flavors & Fragrances stock in a transaction on Thursday, March 12th. The shares were bought at an average price of $70.13 per share, with a total value of $9,958,460.00. Following the completion of the acquisition, the director directly owned 2,422,730 shares of the company’s stock, valued at approximately $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.17% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $66.59 on Monday. The stock has a fifty day moving average price of $74.59 and a 200 day moving average price of $68.27. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42. The stock has a market cap of $17.01 billion, a PE ratio of -48.61, a P/E/G ratio of 1.75 and a beta of 0.99. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 EPS. Sell-side analysts forecast 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 will be paid on Friday, April 10th. Shareholders of record on Friday, March 20th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, March 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -116.79%.

Wall Street Analyst Weigh In

A number of brokerages have commented on IFF. Citigroup upped their price objective on shares of International Flavors & Fragrances from $83.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Rothschild & Co Redburn lifted their target price on shares of International Flavors & Fragrances from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Bank of America boosted their price target on shares of International Flavors & Fragrances from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of International Flavors & Fragrances from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Finally, Mizuho lifted their price objective on International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.09.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.