Olstein Capital Management L.P. Has $10.04 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Olstein Capital Management L.P. cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 12.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 124,000 shares of the specialty chemicals company's stock after selling 18,000 shares during the quarter. International Flavors & Fragrances comprises 1.7% of Olstein Capital Management L.P.'s holdings, making the stock its 10th biggest position. Olstein Capital Management L.P.'s holdings in International Flavors & Fragrances were worth $10,040,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IFF. Blue Bell Private Wealth Management LLC raised its stake in International Flavors & Fragrances by 3,000.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company's stock valued at $25,000 after acquiring an additional 300 shares during the period. Nisa Investment Advisors LLC raised its stake in International Flavors & Fragrances by 25.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 18,313 shares of the specialty chemicals company's stock valued at $1,483,000 after acquiring an additional 3,760 shares during the period. 180 Wealth Advisors LLC raised its stake in International Flavors & Fragrances by 13.9% in the 4th quarter. 180 Wealth Advisors LLC now owns 19,033 shares of the specialty chemicals company's stock valued at $1,550,000 after acquiring an additional 2,328 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in International Flavors & Fragrances by 14.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,947 shares of the specialty chemicals company's stock valued at $4,854,000 after acquiring an additional 7,500 shares during the period. Finally, Prime Capital Investment Advisors LLC bought a new stake in International Flavors & Fragrances in the 4th quarter valued at $346,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

NYSE:IFF traded up $1.75 during trading hours on Monday, hitting $85.09. The company's stock had a trading volume of 1,832,483 shares, compared to its average volume of 2,295,141. The stock has a fifty day simple moving average of $81.02 and a 200-day simple moving average of $76.44. The company has a market capitalization of $21.73 billion, a P/E ratio of -8.48, a PEG ratio of 1.86 and a beta of 1.23. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02. International Flavors & Fragrances Inc. has a twelve month low of $62.11 and a twelve month high of $97.49.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). The business had revenue of $2.70 billion during the quarter, compared to analyst estimates 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 business's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the business earned $0.97 earnings per share. On average, analysts anticipate that International Flavors & Fragrances Inc. will post 3.69 EPS for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Friday, March 22nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.88%. The ex-dividend date is Thursday, March 21st. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -15.94%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company increased their price target on International Flavors & Fragrances from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday. Robert W. Baird upped their price objective on International Flavors & Fragrances from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, February 22nd. Morgan Stanley upped their price objective on International Flavors & Fragrances from $89.00 to $96.00 and gave the company an "overweight" rating in a report on Wednesday, March 27th. Stifel Nicolaus decreased their price objective on International Flavors & Fragrances from $87.00 to $80.00 and set a "hold" rating on the stock in a report on Wednesday, February 21st. Finally, Jefferies Financial Group raised International Flavors & Fragrances from a "hold" rating to a "buy" rating and upped their price objective for the company from $73.00 to $112.00 in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $84.88.

International Flavors & Fragrances Profile

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.