International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 45.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,311 shares of the specialty chemicals company's stock after selling 15,229 shares during the quarter. Mirabella Financial Services LLP's holdings in International Flavors & Fragrances were worth $1,548,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IFF. Norges Bank purchased a new position in shares of International Flavors & Fragrances during the fourth quarter worth $452,363,000. Dodge & Cox boosted its holdings in International Flavors & Fragrances by 11.9% during the 4th quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company's stock valued at $2,658,063,000 after acquiring an additional 3,355,381 shares during the period. Van ECK Associates Corp increased its stake in International Flavors & Fragrances by 41.6% during 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 purchasing an additional 1,663,629 shares during the period. Nordea Investment Management AB lifted its position in shares of International Flavors & Fragrances by 25.7% during the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company's stock worth $464,926,000 after purchasing an additional 1,121,414 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of International Flavors & Fragrances by 20.0% during the fourth quarter. Invesco Ltd. now owns 2,595,110 shares of the specialty chemicals company's stock worth $219,417,000 after purchasing an additional 433,048 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Insider Activity at International Flavors & Fragrances

In related news, Director Kevin O'byrne bought 6,500 shares of the stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the purchase, the director now 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 document filed with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Stock Performance

NYSE:IFF traded down $0.37 during mid-day trading on Friday, reaching $76.27. 1,348,646 shares of the stock were exchanged, compared to its average volume of 1,535,003. The stock has a market capitalization of $19.50 billion, a P/E ratio of 81.14, a P/E/G ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a 1 year low of $65.85 and a 1 year high of $106.77. The company has a 50 day simple moving average of $77.14 and a 200-day simple moving average of $85.57. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.14. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. 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 business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 21st were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, March 21st. International Flavors & Fragrances's dividend payout ratio is currently 170.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citigroup cut their target price on shares of International Flavors & Fragrances from $99.00 to $84.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Cfra cut shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 target price on the stock. in a report on Thursday, February 20th. Wells Fargo & Company lowered their price target on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Barclays reduced their price objective on shares of International Flavors & Fragrances from $82.00 to $76.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Finally, Argus upgraded shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $94.54.

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.