International Flavors & Fragrances Inc. (NYSE:IFF) Holdings Lowered by Jupiter Wealth Management LLC

Jupiter Wealth Management LLC lessened its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 53.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA grew its position in shares of International Flavors & Fragrances by 11.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company's stock worth $9,654,000 after buying an additional 11,406 shares during the last quarter. Choreo LLC raised its holdings in International Flavors & Fragrances by 55.7% in the fourth quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company's stock worth $2,055,000 after buying an additional 8,728 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in International Flavors & Fragrances during the 4th quarter valued at $7,508,000. Regents Gate Capital LLP bought a new position in International Flavors & Fragrances during the 4th quarter valued at about $6,044,000. Finally, Proficio Capital Partners LLC purchased a new stake in International Flavors & Fragrances in the fourth quarter worth approximately $8,099,000. Institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Stock Up 1.1%

IFF traded up $0.85 on Thursday, reaching $75.99. The company's stock had a trading volume of 431,083 shares, compared to its average volume of 1,521,145. The stock has a 50 day moving average of $75.31 and a two-hundred day moving average of $81.70. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $19.44 billion, a price-to-earnings ratio of 80.81, a P/E/G ratio of 1.45 and a beta of 1.08.

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 analysts' consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the previous year, the company posted $1.13 EPS. The company's quarterly revenue was down 1.9% on a year-over-year basis. As a group, 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. Shareholders of record on Friday, June 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is -48.93%.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, CAO Beril Yildiz sold 2,400 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $77.33, for a total value of $185,592.00. Following the transaction, the chief accounting officer now directly owns 3,321 shares of the company's stock, valued at $256,812.93. This trade represents a 41.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kevin O'byrne bought 6,500 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the acquisition, the director now owns 6,500 shares in the company, valued at approximately $522,860. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 28,550 shares of company stock worth $2,211,372. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

IFF has been the subject of several research reports. UBS Group upped their price target on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Barclays upgraded shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $76.00 to $84.00 in a research report on Thursday, May 8th. Stifel Nicolaus reduced their price objective on International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. dropped their price target on 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. Finally, Bank of America cut their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.54.

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.