National Bank of Canada FI Sells 789,402 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

National Bank of Canada FI trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 59.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 534,146 shares of the specialty chemicals company's stock after selling 789,402 shares during the quarter. National Bank of Canada FI owned about 0.21% of International Flavors & Fragrances worth $43,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of IFF. Alliance Wealth Advisors LLC UT lifted its position in shares of International Flavors & Fragrances by 3.2% during the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 4,840 shares of the specialty chemicals company's stock worth $330,000 after purchasing an additional 148 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of International Flavors & Fragrances by 9.7% in the third quarter. Federated Hermes Inc. now owns 1,712 shares of the specialty chemicals company's stock worth $117,000 after acquiring an additional 152 shares during the last quarter. IFG Advisory LLC increased its position in International Flavors & Fragrances by 4.0% during the fourth quarter. IFG Advisory LLC now owns 4,000 shares of the specialty chemicals company's stock worth $324,000 after acquiring an additional 155 shares during the period. Parkside Financial Bank & Trust raised its stake in International Flavors & Fragrances by 21.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 901 shares of the specialty chemicals company's stock valued at $73,000 after purchasing an additional 157 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in International Flavors & Fragrances by 3.8% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 4,388 shares of the specialty chemicals company's stock valued at $299,000 after purchasing an additional 161 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IFF shares. Wells Fargo & Company upped their price objective on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. Wolfe Research began coverage on International Flavors & Fragrances in a research report on Friday, March 1st. They set an "underperform" rating on the stock. StockNews.com upgraded shares of International Flavors & Fragrances from a "sell" rating to a "hold" rating in a research note on Monday, March 25th. Argus cut shares of International Flavors & Fragrances from a "buy" rating to a "hold" rating in a research note 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 company an "overweight" rating in a research report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $86.35.

International Flavors & Fragrances Price Performance

Shares of IFF stock traded up $2.02 during trading hours on Monday, reaching $88.66. 2,472,778 shares of the company were exchanged, compared to its average volume of 2,094,849. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02. The stock's fifty day moving average is $82.62 and its two-hundred day moving average is $78.94. International Flavors & Fragrances Inc. has a fifty-two week low of $62.11 and a fifty-two week high of $97.49. The company has a market cap of $22.64 billion, a price-to-earnings ratio of -8.87, a P/E/G ratio of 1.94 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the company earned $0.97 EPS. The company's revenue was down 5.0% compared to the same quarter last year. Sell-side analysts forecast 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. Stockholders of record on Friday, June 21st will be given a $0.40 dividend. The ex-dividend date is Friday, June 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.80%. International Flavors & Fragrances's dividend payout ratio is currently -15.94%.

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.