Choreo LLC Sells 3,604 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Choreo LLC lessened its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 14.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,797 shares of the specialty chemicals company's stock after selling 3,604 shares during the period. Choreo LLC's holdings in International Flavors & Fragrances were worth $1,624,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wahed Invest LLC grew its stake in International Flavors & Fragrances by 2.1% during the fourth quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company's stock worth $536,000 after purchasing an additional 130 shares during the period. Commerce Bank raised its stake in International Flavors & Fragrances by 3.8% during the 4th quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company's stock worth $350,000 after buying an additional 152 shares during the period. Byrne Asset Management LLC raised its stake in International Flavors & Fragrances by 3.3% during the 1st quarter. Byrne Asset Management LLC now owns 6,637 shares of the specialty chemicals company's stock worth $515,000 after buying an additional 210 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its stake in International Flavors & Fragrances by 4.8% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,738 shares of the specialty chemicals company's stock worth $401,000 after buying an additional 219 shares during the period. Finally, Huntington National Bank raised its stake in International Flavors & Fragrances by 5.3% during the 4th quarter. Huntington National Bank now owns 4,314 shares of the specialty chemicals company's stock worth $365,000 after buying an additional 219 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

Insider Transactions at International Flavors & Fragrances

In related news, EVP Stephen N. Landsman purchased 12,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was purchased at an average cost of $77.28 per share, with a total value of $927,360.00. Following the completion of the acquisition, the executive vice president directly owned 12,000 shares of the company's stock, valued at approximately $927,360. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Beril Yildiz sold 2,400 shares of the firm's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $77.33, for a total value of $185,592.00. Following the completion of the transaction, the chief accounting officer directly owned 3,321 shares of the company's stock, valued at $256,812.93. The trade was a 41.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 22,050 shares of company stock valued at $1,688,512. 0.17% of the stock is currently owned by company insiders.

International Flavors & Fragrances Stock Performance

Shares of IFF traded down $0.96 on Monday, reaching $75.67. 294,670 shares of the company's stock traded hands, compared to its average volume of 1,699,801. The company has a current ratio of 1.87, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58. The stock has a market cap of $19.36 billion, a PE ratio of -23.17, a PEG ratio of 3.39 and a beta of 1.04. The stock's 50 day simple moving average is $75.97 and its two-hundred day simple moving average is $78.30. International Flavors & Fragrances Inc. has a 52-week low of $65.85 and a 52-week high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a positive return on equity of 7.99% and a negative net margin of 7.31%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company earned $1.13 earnings per share. International Flavors & Fragrances's revenue was down 1.9% compared to the same quarter last year. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 20th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.11%. The ex-dividend date was Friday, June 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is -48.93%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IFF. Morgan Stanley dropped their price target on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. UBS Group upped their price target on International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Tigress Financial began coverage on International Flavors & Fragrances in a research note on Wednesday, June 4th. They set a "buy" rating and a $105.00 price target on the stock. Barclays raised International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $76.00 to $84.00 in a research note on Thursday, May 8th. Finally, Wells Fargo & Company lowered their price objective on International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.