DekaBank Deutsche Girozentrale Cuts Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

DekaBank Deutsche Girozentrale reduced its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 18.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,815 shares of the specialty chemicals company's stock after selling 13,700 shares during the period. DekaBank Deutsche Girozentrale's holdings in International Flavors & Fragrances were worth $4,789,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd increased its stake in shares of International Flavors & Fragrances by 48.8% during the 1st 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. Clear Street Markets LLC acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth about $27,000. Penserra Capital Management LLC acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth about $31,000. Parkside Financial Bank & Trust increased its stake in shares of International Flavors & Fragrances by 241.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company's stock worth $51,000 after purchasing an additional 526 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its stake in shares of International Flavors & Fragrances by 150.6% during the 1st quarter. Belpointe Asset Management LLC now owns 1,178 shares of the specialty chemicals company's stock worth $108,000 after purchasing an additional 708 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of International Flavors & Fragrances in a research note on Friday, March 1st. They set an "underperform" rating on the stock. Stifel Nicolaus reduced their target price on shares of International Flavors & Fragrances from $87.00 to $80.00 and set a "hold" rating for the company in a report on Wednesday, February 21st. UBS Group lifted their target price on shares of International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a "neutral" rating in a report on Thursday, January 11th. Argus downgraded shares of International Flavors & Fragrances from a "buy" rating to a "hold" rating in a report on Friday, March 8th. Finally, StockNews.com raised shares of International Flavors & Fragrances from a "sell" rating to a "hold" rating in a report on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, International Flavors & Fragrances has a consensus rating of "Hold" and an average price target of $86.35.

International Flavors & Fragrances Stock Performance

NYSE IFF traded down $2.96 during trading on Friday, reaching $83.61. The company's stock had a trading volume of 1,523,526 shares, compared to its average volume of 2,249,521. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $21.35 billion, a price-to-earnings ratio of -8.33, a price-to-earnings-growth ratio of 1.92 and a beta of 1.23. International Flavors & Fragrances Inc. has a 12 month low of $62.11 and a 12 month high of $97.49. The firm has a 50 day moving average price of $81.37 and a 200 day moving average price of $76.81.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.03). The firm 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%. International Flavors & Fragrances's quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 earnings per share. As a group, equities analysts anticipate that International Flavors & Fragrances Inc. will post 3.69 EPS for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

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

International Flavors & Fragrances Company 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.