Fosun International Ltd Sells 8,904 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Fosun International Ltd lowered its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 26.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,148 shares of the specialty chemicals company's stock after selling 8,904 shares during the quarter. International Flavors & Fragrances accounts for about 0.4% of Fosun International Ltd's portfolio, making the stock its 11th largest position. Fosun International Ltd's holdings in International Flavors & Fragrances were worth $2,036,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its position in shares of International Flavors & Fragrances by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,414,582 shares of the specialty chemicals company's stock valued at $114,539,000 after buying an additional 51,143 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth about $598,000. Private Advisor Group LLC lifted its holdings in shares of International Flavors & Fragrances by 9.0% in the 4th quarter. Private Advisor Group LLC now owns 16,260 shares of the specialty chemicals company's stock valued at $1,317,000 after purchasing an additional 1,344 shares during the last quarter. Loudon Investment Management LLC boosted its position in shares of International Flavors & Fragrances by 13.2% in the 4th quarter. Loudon Investment Management LLC now owns 6,196 shares of the specialty chemicals company's stock valued at $502,000 after purchasing an additional 722 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in International Flavors & Fragrances by 12.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 7,632 shares of the specialty chemicals company's stock worth $618,000 after buying an additional 859 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Trading Down 0.2 %

IFF stock traded down $0.18 during midday trading on Thursday, hitting $97.05. The stock had a trading volume of 1,640,373 shares, compared to its average volume of 2,130,036. The firm has a market cap of $24.78 billion, a PE ratio of -9.67, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. 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 12-month low of $62.11 and a 12-month high of $97.48. The company's 50-day moving average price is $83.72 and its 200 day moving average price is $79.43.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.27. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The company had revenue of $2.90 billion during the quarter, compared to analysts' expectations of $2.78 billion. During the same period in the previous year, the company earned $0.87 EPS. The business's quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities research analysts predict that International Flavors & Fragrances Inc. will post 3.68 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 21st will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, June 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.65%. International Flavors & Fragrances's payout ratio is -15.94%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Argus downgraded International Flavors & Fragrances from a "buy" rating to a "hold" rating in a report on Friday, March 8th. Robert W. Baird raised their price objective on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday. Mizuho upped their target price on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the company a "neutral" rating in a report on Tuesday. 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 report on Wednesday, March 20th. Finally, Citigroup increased their price objective on International Flavors & Fragrances from $100.00 to $108.00 and gave the stock a "buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $93.18.

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.