Albion Financial Group UT Trims Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Albion Financial Group UT reduced its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 28.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,075 shares of the specialty chemicals company's stock after selling 8,325 shares during the period. Albion Financial Group UT's holdings in International Flavors & Fragrances were worth $1,636,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new position in International Flavors & Fragrances during the first quarter worth about $1,271,000. Proficio Capital Partners LLC acquired a new position in International Flavors & Fragrances during the fourth quarter worth about $8,099,000. Cibc World Markets Corp grew its position in International Flavors & Fragrances by 299.1% during the fourth quarter. Cibc World Markets Corp now owns 138,522 shares of the specialty chemicals company's stock worth $11,712,000 after buying an additional 103,810 shares during the period. Royal Bank of Canada grew its position in International Flavors & Fragrances by 23.6% during the fourth quarter. Royal Bank of Canada now owns 361,073 shares of the specialty chemicals company's stock worth $30,529,000 after buying an additional 68,970 shares during the period. Finally, Chicago Capital LLC acquired a new position in International Flavors & Fragrances during the first quarter worth about $688,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, CEO J Erik Fyrwald bought 700 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were acquired at an average price of $74.00 per share, with a total value of $51,800.00. Following the purchase, the chief executive officer now owns 37,770 shares in the company, valued at approximately $2,794,980. The trade was a 1.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen N. Landsman bought 12,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was acquired at an average cost of $77.28 per share, for a total transaction of $927,360.00. Following the purchase, the executive vice president now owns 12,000 shares in the company, valued at approximately $927,360. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 22,050 shares of company stock worth $1,688,512 in the last quarter. 0.17% of the stock is owned by insiders.

International Flavors & Fragrances Stock Up 0.7%

Shares of NYSE IFF opened at $74.44 on Monday. International Flavors & Fragrances Inc. has a 1 year low of $65.85 and a 1 year high of $106.77. The firm's 50 day moving average price is $76.19 and its 200 day moving average price is $79.52. The firm has a market cap of $19.04 billion, a P/E ratio of -22.77, a price-to-earnings-growth ratio of 3.31 and a beta of 1.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.87.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.08. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 7.31% and a positive return on equity of 7.99%. International Flavors & Fragrances's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the business earned $1.13 EPS. As a group, 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. Shareholders of record on Friday, June 20th will be issued a $0.40 dividend. 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 2.15%. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -48.93%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley lowered their target price on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Mizuho lowered their price target on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Tigress Financial assumed coverage on shares of International Flavors & Fragrances in a research report on Wednesday, June 4th. They issued a "buy" rating and a $105.00 price target on the stock. Robert W. Baird lowered their price target on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Finally, Barclays upgraded shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $76.00 to $84.00 in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, International Flavors & Fragrances presently has an average rating of "Moderate Buy" and a consensus target price of $93.43.

International Flavors & Fragrances Company Profile

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.

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