Raymond James & Associates Sells 13,183 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Raymond James & Associates reduced its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,490 shares of the specialty chemicals company's stock after selling 13,183 shares during the period. Raymond James & Associates owned 0.06% of International Flavors & Fragrances worth $12,752,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp lifted its position in International Flavors & Fragrances by 196.9% in the 3rd quarter. Fifth Third Bancorp now owns 13,882 shares of the specialty chemicals company's stock valued at $946,000 after acquiring an additional 9,206 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its position in International Flavors & Fragrances by 93.6% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 85,140 shares of the specialty chemicals company's stock valued at $6,894,000 after acquiring an additional 41,173 shares in the last quarter. Comerica Bank bought a new position in International Flavors & Fragrances in the 3rd quarter valued at about $4,171,000. CWM LLC lifted its position in International Flavors & Fragrances by 195.8% in the 3rd quarter. CWM LLC now owns 4,972 shares of the specialty chemicals company's stock valued at $339,000 after acquiring an additional 3,291 shares in the last quarter. Finally, Czech National Bank lifted its position in International Flavors & Fragrances by 47.7% in the 3rd quarter. Czech National Bank now owns 44,613 shares of the specialty chemicals company's stock valued at $3,041,000 after acquiring an additional 14,416 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

Shares of IFF traded down $1.60 during mid-day trading on Thursday, reaching $83.90. 1,106,621 shares of the stock traded hands, compared to its average volume of 2,324,663. The firm has a fifty day moving average price of $80.94 and a 200 day moving average price of $76.11. The company has a market cap of $21.42 billion, a price-to-earnings ratio of -8.36, a price-to-earnings-growth ratio of 1.88 and a beta of 1.23. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63. International Flavors & Fragrances Inc. has a 1 year low of $62.11 and a 1 year high of $97.49.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.03). The firm had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.70 billion. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share. As a group, equities research analysts predict that International Flavors & Fragrances Inc. will post 3.69 earnings per share for the current year.

International Flavors & Fragrances Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Friday, March 22nd will be given a $0.40 dividend. The ex-dividend date is Thursday, March 21st. This represents a $1.60 annualized dividend and a yield of 1.91%. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -15.94%.

Wall Street Analysts Forecast Growth

IFF has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. StockNews.com raised shares of International Flavors & Fragrances from a "sell" rating to a "hold" rating in a research report on Monday, March 25th. Mizuho lifted their target price on shares of International Flavors & Fragrances from $83.00 to $91.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 20th. Argus cut shares of International Flavors & Fragrances from a "buy" rating to a "hold" rating in a research report on Friday, March 8th. Finally, Morgan Stanley lifted their target price on shares of International Flavors & Fragrances from $89.00 to $96.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $84.88.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.