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

InTrack Investment Management Inc lessened its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 26.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,945 shares of the specialty chemicals company's stock after selling 6,194 shares during the quarter. International Flavors & Fragrances comprises about 1.2% of InTrack Investment Management Inc's investment portfolio, making the stock its 29th biggest position. InTrack Investment Management Inc's holdings in International Flavors & Fragrances were worth $1,315,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Freemont Capital Pte Ltd purchased a new position in shares of International Flavors & Fragrances in the 4th quarter worth $2,143,882,000. Norges Bank bought a new stake in International Flavors & Fragrances in the fourth quarter valued at about $452,363,000. Dodge & Cox increased its holdings in International Flavors & Fragrances by 11.9% in the fourth quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company's stock valued at $2,658,063,000 after buying an additional 3,355,381 shares during the last quarter. Van ECK Associates Corp lifted its holdings in International Flavors & Fragrances by 41.6% in the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock worth $478,912,000 after acquiring an additional 1,663,629 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in International Flavors & Fragrances by 19.9% in the fourth quarter. Northern Trust Corp now owns 3,407,262 shares of the specialty chemicals company's stock worth $288,084,000 after acquiring an additional 565,769 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays raised International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $76.00 to $84.00 in a report on Thursday, May 8th. Wells Fargo & Company cut 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. Bank of America decreased their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Robert W. Baird cut their price target on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Finally, UBS Group increased their target price on International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $93.43.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF traded up $0.12 during mid-day trading on Thursday, reaching $78.45. The company had a trading volume of 1,119,570 shares, compared to its average volume of 1,522,488. The company's 50-day moving average price is $75.50 and its 200-day moving average price is $80.79. The firm has a market cap of $20.07 billion, a price-to-earnings ratio of 83.46, a PEG ratio of 1.45 and a beta of 1.05. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances Inc. has a one year low of $65.85 and a one year high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.08. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. International Flavors & Fragrances's revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.13 earnings per share. As a group, equities research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, June 20th. This represents a $1.60 annualized dividend and a yield of 2.04%. International Flavors & Fragrances's payout ratio is -48.93%.

Insider Buying and Selling at International Flavors & Fragrances

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