Cannell & Co. Lowers Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Cannell & Co. decreased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 94.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,499 shares of the specialty chemicals company's stock after selling 120,830 shares during the period. Cannell & Co.'s holdings in International Flavors & Fragrances were worth $526,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Kestra Private Wealth Services LLC increased its stake in shares of International Flavors & Fragrances by 36.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 6,660 shares of the specialty chemicals company's stock valued at $539,000 after purchasing an additional 1,768 shares during the period. Van ECK Associates Corp boosted its holdings in shares of International Flavors & Fragrances by 12.9% in the fourth quarter. Van ECK Associates Corp now owns 4,434,301 shares of the specialty chemicals company's stock valued at $359,045,000 after acquiring an additional 507,193 shares in the last quarter. Marco Investment Management LLC boosted its holdings in shares of International Flavors & Fragrances by 2.0% in the fourth quarter. Marco Investment Management LLC now owns 23,572 shares of the specialty chemicals company's stock valued at $1,909,000 after acquiring an additional 452 shares in the last quarter. NJ State Employees Deferred Compensation Plan bought a new position in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $214,000. Finally, Channing Global Advisors LLC boosted its holdings in shares of International Flavors & Fragrances by 20.8% in the fourth quarter. Channing Global Advisors LLC now owns 38,041 shares of the specialty chemicals company's stock valued at $3,080,000 after acquiring an additional 6,547 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Stock Up 3.4 %

Shares of International Flavors & Fragrances stock traded up $2.82 during midday trading on Thursday, reaching $86.81. 2,157,274 shares of the company's stock traded hands, compared to its average volume of 2,097,261. The company has a market cap of $22.16 billion, a price-to-earnings ratio of -8.37, a price-to-earnings-growth ratio of 1.90 and a beta of 1.21. The company's 50 day simple moving average is $82.34 and its 200 day simple moving average is $78.58. 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 Inc. has a 52 week low of $62.11 and a 52 week high of $97.49.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced 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 the consensus estimate of $2.70 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The business's revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.97 EPS. Equities analysts expect that International Flavors & Fragrances Inc. will post 3.68 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $1.60 annualized dividend and a yield of 1.84%. International Flavors & Fragrances's dividend payout ratio is -15.94%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on IFF shares. Robert W. Baird increased their price objective on shares of International Flavors & Fragrances from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, February 22nd. Argus cut shares of International Flavors & Fragrances from a "buy" rating to a "hold" rating in a report on Friday, March 8th. Deutsche Bank Aktiengesellschaft raised their target price on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. StockNews.com upgraded shares of International Flavors & Fragrances from a "sell" rating to a "hold" rating in a report on Monday, March 25th. Finally, Jefferies Financial Group upgraded shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating and raised their target price for the stock from $73.00 to $112.00 in a report on Friday, January 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $86.35.

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.