Campbell Newman Asset Management Inc. Decreases Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Campbell Newman Asset Management Inc. decreased its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,671 shares of the specialty chemicals company's stock after selling 8,935 shares during the quarter. Campbell Newman Asset Management Inc. owned 0.05% of International Flavors & Fragrances worth $10,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of IFF. Freemont Capital Pte Ltd purchased a new position in shares of International Flavors & Fragrances in the 4th quarter worth approximately $2,143,882,000. Norges Bank purchased a new position in shares of International Flavors & Fragrances in the 4th quarter worth approximately $452,363,000. Dodge & Cox boosted its holdings in shares of International Flavors & Fragrances by 11.9% in the 4th quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company's stock worth $2,658,063,000 after purchasing an additional 3,355,381 shares during the period. Northern Trust Corp boosted its holdings in International Flavors & Fragrances by 19.9% during the 4th quarter. Northern Trust Corp now owns 3,407,262 shares of the specialty chemicals company's stock valued at $288,084,000 after acquiring an additional 565,769 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in International Flavors & Fragrances by 6,831.5% during the 1st quarter. GAMMA Investing LLC now owns 556,464 shares of the specialty chemicals company's stock valued at $431,870,000 after acquiring an additional 548,436 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Stock Down 3.0%

Shares of IFF traded down $2.32 during midday trading on Friday, reaching $76.05. 1,058,307 shares of the stock were exchanged, compared to its average volume of 1,521,536. International Flavors & Fragrances Inc. has a 52 week low of $65.85 and a 52 week high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The company's 50 day moving average is $75.68 and its two-hundred day moving average is $80.62. The company has a market capitalization of $19.45 billion, a P/E ratio of 80.90, a PEG ratio of 1.45 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.08. The firm had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The firm's quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is currently -48.93%.

Insider Buying and Selling

In related news, CEO J Erik Fyrwald acquired 700 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average cost of $74.00 per share, for a total transaction of $51,800.00. Following the purchase, the chief executive officer now directly owns 37,770 shares of the company's stock, valued at $2,794,980. This trade represents a 1.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Stephen N. Landsman acquired 12,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were bought at an average price of $77.28 per share, with a total value of $927,360.00. Following the completion of the purchase, the executive vice president now directly owns 12,000 shares in the company, valued at $927,360. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 22,050 shares of company stock worth $1,688,512 in the last three months. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

IFF has been the subject of a number of recent analyst reports. Tigress Financial initiated coverage on International Flavors & Fragrances in a report on Wednesday, June 4th. They set a "buy" rating and a $105.00 price objective for the company. Wells Fargo & Company dropped their price objective on International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Barclays upgraded International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $76.00 to $84.00 in a report on Thursday, May 8th. UBS Group boosted their price objective on International Flavors & Fragrances from $82.00 to $83.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Citigroup boosted their price objective on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances currently has an average rating of "Moderate Buy" and an average price target of $93.43.

International Flavors & Fragrances 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.