International Flavors & Fragrances Inc. (NYSE:IFF) Holdings Trimmed by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 765,695 shares of the specialty chemicals company's stock after selling 91,732 shares during the quarter. Nuveen Asset Management LLC owned 0.30% of International Flavors & Fragrances worth $64,740,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Avanza Fonder AB purchased a new stake in International Flavors & Fragrances during the 4th quarter worth $2,309,000. HF Advisory Group LLC grew its stake in shares of International Flavors & Fragrances by 8.3% during the fourth quarter. HF Advisory Group LLC now owns 7,282 shares of the specialty chemicals company's stock valued at $616,000 after acquiring an additional 561 shares in the last quarter. UMB Bank n.a. increased its position in shares of International Flavors & Fragrances by 8.9% during the fourth quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company's stock worth $123,000 after acquiring an additional 119 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of International Flavors & Fragrances in the fourth quarter worth about $78,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in International Flavors & Fragrances by 0.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,366,218 shares of the specialty chemicals company's stock valued at $115,514,000 after purchasing an additional 3,442 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on IFF shares. Bank of America cut their target price on 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. JPMorgan Chase & Co. decreased 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 report on Thursday, February 20th. Oppenheimer cut their target price on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley decreased their price target on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Finally, Robert W. Baird cut their price objective on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $92.54.

International Flavors & Fragrances Stock Performance

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

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. International Flavors & Fragrances's quarterly revenue was down 1.9% on a year-over-year basis. Equities research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.11%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's payout ratio is currently -48.93%.

Insiders Place Their Bets

In related news, Director Kevin O'byrne acquired 6,500 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the acquisition, the director now directly owns 6,500 shares of the company's stock, valued at $522,860. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen N. Landsman bought 12,000 shares of the stock in a transaction on Monday, May 19th. The shares were bought at an average cost of $77.28 per share, for a total transaction of $927,360.00. Following the purchase, the executive vice president now owns 12,000 shares in the company, valued at $927,360. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 24,050 shares of company stock worth $1,869,147. 0.20% of the stock is owned by company insiders.

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.