International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management lessened its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 76.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,964 shares of the specialty chemicals company's stock after selling 13,101 shares during the quarter. Hanson & Doremus Investment Management's holdings in International Flavors & Fragrances were worth $308,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in International Flavors & Fragrances in the 4th quarter valued at about $32,000. Fairway Wealth LLC acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth approximately $34,000. Rialto Wealth Management LLC purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $42,000. Principal Securities Inc. increased its holdings in shares of International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock valued at $54,000 after purchasing an additional 171 shares during the last quarter. Finally, United Community Bank lifted its position in International Flavors & Fragrances by 19.4% during the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock worth $78,000 after buying an additional 150 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Trading Down 1.0%

International Flavors & Fragrances stock traded down $0.71 during trading on Friday, hitting $73.78. The company had a trading volume of 3,542,621 shares, compared to its average volume of 1,524,363. The stock has a market cap of $18.87 billion, a price-to-earnings ratio of -22.56, a price-to-earnings-growth ratio of 3.33 and a beta of 1.05. The company has a current ratio of 1.87, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77. The company's 50 day simple moving average is $76.03 and its 200-day simple moving average is $80.26.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted 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 positive return on equity of 7.99% and a negative net margin of 7.31%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the company earned $1.13 EPS. International Flavors & Fragrances's revenue was down 1.9% on a year-over-year basis. As a group, analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders 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 2.17%. International Flavors & Fragrances's payout ratio is -48.93%.

Analysts Set New Price Targets

IFF has been the subject of several analyst reports. Morgan Stanley dropped their target price on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. JPMorgan Chase & Co. cut their price objective on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. Wells Fargo & Company reduced their target price on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Cfra cut shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target for the company. in a research note on Thursday, February 20th. Finally, Citigroup raised their price target on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of "Moderate Buy" and a consensus price target of $93.43.

Insider Transactions at International Flavors & Fragrances

In other news, CAO Beril Yildiz sold 2,400 shares of the company's stock in a transaction on Monday, May 19th. The shares were 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 now owns 3,321 shares in the company, valued at approximately $256,812.93. This represents a 41.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Stephen N. Landsman purchased 12,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average price of $77.28 per share, for a total transaction of $927,360.00. Following 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. In the last three months, insiders bought 22,050 shares of company stock valued at $1,688,512. Insiders own 0.20% of the company's stock.

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.