Callahan Advisors LLC Has $1.30 Million Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Callahan Advisors LLC cut its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 42.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,055 shares of the specialty chemicals company's stock after selling 12,000 shares during the period. Callahan Advisors LLC's holdings in International Flavors & Fragrances were worth $1,300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clear Street Markets LLC bought a new position in shares of International Flavors & Fragrances in the fourth quarter worth approximately $27,000. Penserra Capital Management LLC bought a new position in shares of International Flavors & Fragrances in the fourth quarter worth approximately $31,000. Covestor Ltd increased its position in shares of International Flavors & Fragrances by 48.8% in the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company's stock worth $32,000 after purchasing an additional 80 shares during the last quarter. West Tower Group LLC bought a new position in shares of International Flavors & Fragrances in the second quarter worth approximately $35,000. Finally, Parkside Financial Bank & Trust boosted its stake in International Flavors & Fragrances by 241.3% in the third quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company's stock worth $51,000 after buying an additional 526 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Stock Down 0.6 %

IFF stock traded down $0.52 during trading on Friday, reaching $83.34. 838,476 shares of the company traded hands, compared to its average volume of 2,313,188. International Flavors & Fragrances Inc. has a 12 month low of $62.11 and a 12 month high of $97.49. The business has a 50 day simple moving average of $80.96 and a 200 day simple moving average of $76.32. The company has a market capitalization of $21.28 billion, a price-to-earnings ratio of -8.30, a price-to-earnings-growth ratio of 1.86 and a beta of 1.23. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67.

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). International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The business had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter last year, the business posted $0.97 earnings per share. The company's quarterly revenue was down 5.0% compared to the same quarter last year. On average, equities research analysts anticipate that International Flavors & Fragrances Inc. will post 3.69 earnings per share for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, March 21st. International Flavors & Fragrances's payout ratio is -15.94%.

Wall Street Analysts Forecast Growth

IFF has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. UBS Group raised their target price on International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a "neutral" rating in a research report on Thursday, January 11th. Citigroup dropped their target price on International Flavors & Fragrances from $85.00 to $81.00 and set a "neutral" rating on the stock in a research report on Friday, February 23rd. Jefferies Financial Group raised International Flavors & Fragrances from a "hold" rating to a "buy" rating and lifted their price objective for the company from $73.00 to $112.00 in a research report on Friday, January 12th. Finally, StockNews.com raised International Flavors & Fragrances from a "sell" rating to a "hold" rating in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.