International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 39.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,615 shares of the specialty chemicals company's stock after selling 6,207 shares during the quarter. Captrust Financial Advisors' holdings in International Flavors & Fragrances were worth $813,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IFF. SBI Securities Co. Ltd. purchased a new stake in International Flavors & Fragrances in the fourth quarter valued at approximately $32,000. Fairway Wealth LLC purchased a new position in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $34,000. Rialto Wealth Management LLC acquired a new position in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $42,000. Principal Securities Inc. lifted its holdings in International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock worth $54,000 after buying an additional 171 shares in the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of International Flavors & Fragrances in the fourth quarter worth $78,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Performance

Shares of IFF stock traded up $0.50 during mid-day trading on Tuesday, hitting $77.84. The stock had a trading volume of 1,533,748 shares, compared to its average volume of 1,520,596. The firm has a market cap of $19.91 billion, a PE ratio of 82.81, a PEG ratio of 1.45 and a beta of 1.08. The company's 50-day simple moving average is $75.84 and its 200-day simple moving average is $82.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The firm's quarterly revenue was down 1.9% on a year-over-year basis. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.06%. International Flavors & Fragrances's payout ratio is -48.93%.

Insiders Place Their Bets

In related news, Director Kevin O'byrne acquired 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $80.44 per share, with a total value of $522,860.00. Following the purchase, the director now directly owns 6,500 shares of the company's stock, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hernandez Margarita Palau purchased 850 shares of the company's stock in a transaction on Monday, May 19th. The shares were purchased at an average price of $77.42 per share, with a total value of $65,807.00. Following the completion of the purchase, the director now directly owns 2,393 shares of the company's stock, valued at $185,266.06. The trade was a 55.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 24,050 shares of company stock worth $1,869,147. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays raised International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $76.00 to $84.00 in a research note on Thursday, May 8th. Citigroup lifted their price target on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Mizuho dropped their price objective on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Finally, UBS Group raised their price objective on International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of "Moderate Buy" and an average target price of $92.54.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B's Food & Beverage division and the food protection business of N&B's Health & Biosciences division.