Jupiter Wealth Management LLC Sells 7,000 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Jupiter Wealth Management LLC trimmed its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 53.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,000 shares of the specialty chemicals company's stock after selling 7,000 shares during the quarter. Jupiter Wealth Management LLC's holdings in International Flavors & Fragrances were worth $507,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Toronto Dominion Bank raised its position in shares of International Flavors & Fragrances by 8.3% during the fourth quarter. Toronto Dominion Bank now owns 136,779 shares of the specialty chemicals company's stock worth $11,565,000 after acquiring an additional 10,522 shares during the last quarter. Parr Mcknight Wealth Management Group LLC bought a new position in shares of International Flavors & Fragrances during the fourth quarter worth about $1,916,000. Neo Ivy Capital Management bought a new position in shares of International Flavors & Fragrances during the fourth quarter worth about $1,358,000. Vise Technologies Inc. bought a new position in shares of International Flavors & Fragrances during the fourth quarter worth about $225,000. Finally, Novem Group bought a new position in shares of International Flavors & Fragrances during the fourth quarter worth about $600,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IFF has been the subject of a number of analyst reports. Cfra downgraded International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective for the company. in a research report on Thursday, February 20th. Citigroup raised their price objective on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. UBS Group lifted 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. Barclays upgraded International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $76.00 to $84.00 in a report on Thursday, May 8th. Finally, Wells Fargo & Company lowered their target price 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $92.54.

Insider Transactions at International Flavors & Fragrances

In related news, CEO J Erik Fyrwald purchased 700 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was acquired at an average cost of $74.00 per share, with a total value of $51,800.00. Following the transaction, the chief executive officer now owns 37,770 shares of the company's stock, valued at $2,794,980. This represents a 1.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen N. Landsman purchased 12,000 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average cost of $77.28 per share, with a total value of $927,360.00. Following the completion of the transaction, the executive vice president now directly owns 12,000 shares in the company, valued at $927,360. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought 28,550 shares of company stock valued at $2,211,372 over the last ninety days. 0.20% of the stock is owned by company insiders.

International Flavors & Fragrances Stock Up 3.0%

Shares of NYSE:IFF traded up $2.24 during trading on Tuesday, reaching $77.24. 1,639,867 shares of the stock were exchanged, compared to its average volume of 1,526,105. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77. The stock has a fifty day moving average of $75.41 and a two-hundred day moving average of $81.78. The firm has a market cap of $19.76 billion, a price-to-earnings ratio of 82.17, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its earnings results 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. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the firm earned $1.13 earnings per share. International Flavors & Fragrances's revenue for the quarter was down 1.9% on a year-over-year basis. Research analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's payout ratio is -48.93%.

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.