UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Position in International Flavors & Fragrances Inc. (NYSE:IFF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,131,366 shares of the specialty chemicals company's stock after selling 119,355 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.22% of International Flavors & Fragrances worth $264,757,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

IFF has been the subject of a number of analyst reports. Robert W. Baird decreased 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. Citigroup boosted their target price on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Mizuho lowered their price target on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Stifel Nicolaus cut their price objective on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Morgan Stanley lowered their target price on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances currently has an average rating of "Moderate Buy" and a consensus target price of $92.54.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne purchased 6,500 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $80.44 per share, with a total value of $522,860.00. Following the purchase, the director now directly owns 6,500 shares in the company, valued at approximately $522,860. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephen N. Landsman bought 12,000 shares of the firm's stock in a transaction on Monday, May 19th. The stock was bought at an average cost of $77.28 per share, for a total transaction of $927,360.00. Following the transaction, the executive vice president now directly owns 12,000 shares of the company's stock, valued at $927,360. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 24,050 shares of company stock worth $1,869,147 in the last quarter. Company insiders own 0.20% of the company's stock.

International Flavors & Fragrances Stock Down 1.0%

IFF stock opened at $77.11 on Thursday. International Flavors & Fragrances Inc. has a 52 week low of $65.85 and a 52 week high of $106.77. The firm has a 50-day simple moving average of $75.76 and a 200-day simple moving average of $82.33. 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 stock has a market capitalization of $19.72 billion, a P/E ratio of 82.03, a P/E/G 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 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.08. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The company's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 earnings per share. Equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -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.

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