Ameriprise Financial Inc. Has $11.06 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Ameriprise Financial Inc. cut its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 12.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,551 shares of the specialty chemicals company's stock after selling 18,533 shares during the period. Ameriprise Financial Inc. owned approximately 0.05% of International Flavors & Fragrances worth $11,055,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in International Flavors & Fragrances in the fourth quarter valued at about $32,000. Fairway Wealth LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $34,000. Rialto Wealth Management LLC bought a new stake in shares of International Flavors & Fragrances during the 4th quarter worth approximately $42,000. Principal Securities Inc. boosted its position in shares of 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 acquiring an additional 171 shares in the last quarter. Finally, Sugar Maple Asset Management LLC bought a new position in International Flavors & Fragrances in the fourth quarter valued at approximately $78,000. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IFF shares. Citigroup lifted their target price on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Morgan Stanley decreased their price target on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Barclays raised shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $76.00 to $84.00 in a research note on Thursday, May 8th. JPMorgan Chase & Co. decreased their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Finally, Stifel Nicolaus dropped their price target on International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.54.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne purchased 6,500 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the purchase, the director now owns 6,500 shares in the company, valued at $522,860. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Beril Yildiz sold 2,400 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $77.33, for a total transaction of $185,592.00. Following the sale, the chief accounting officer now directly owns 3,321 shares of the company's stock, valued at approximately $256,812.93. This trade represents a 41.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 24,050 shares of company stock valued at $1,869,147. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Trading Down 1.8%

IFF traded down $1.42 during midday trading on Thursday, hitting $75.66. 2,021,429 shares of the company were exchanged, compared to its average volume of 1,521,325. The firm's 50 day moving average price is $75.76 and its 200-day moving average price is $82.33. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77. The firm has a market capitalization of $19.35 billion, a P/E ratio of 80.48, a P/E/G ratio of 1.45 and a beta of 1.08. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.12 by $0.08. The business had revenue of $2.84 billion for 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 revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 earnings per share. As a group, equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors 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 annualized dividend and a yield of 2.11%. International Flavors & Fragrances's payout ratio is -48.93%.

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.