Great Lakes Advisors LLC Cuts Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Great Lakes Advisors LLC lowered its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 13.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 217,340 shares of the specialty chemicals company's stock after selling 32,705 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.09% of International Flavors & Fragrances worth $17,598,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of International Flavors & Fragrances by 4.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 12,823 shares of the specialty chemicals company's stock valued at $874,000 after acquiring an additional 590 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of International Flavors & Fragrances by 7.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,447 shares of the specialty chemicals company's stock worth $3,575,000 after purchasing an additional 3,680 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of International Flavors & Fragrances during the 3rd quarter valued at $360,000. Fifth Third Bancorp boosted its holdings in International Flavors & Fragrances by 196.9% in the 3rd quarter. Fifth Third Bancorp now owns 13,882 shares of the specialty chemicals company's stock worth $946,000 after buying an additional 9,206 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in International Flavors & Fragrances by 2.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 19,764 shares of the specialty chemicals company's stock worth $1,347,000 after buying an additional 477 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. Stifel Nicolaus boosted their target price on shares of International Flavors & Fragrances from $87.00 to $95.00 and gave the stock a "hold" rating in a report on Tuesday, May 7th. Barclays upped their target price on shares of International Flavors & Fragrances from $82.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 8th. Bank of America boosted their price target on shares of International Flavors & Fragrances from $87.00 to $99.00 and gave the stock a "neutral" rating in a research note on Friday, May 10th. Finally, Argus lowered International Flavors & Fragrances from a "buy" rating to a "hold" rating in a research report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued 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 target price of $94.18.

International Flavors & Fragrances Trading Up 1.9 %

Shares of IFF traded up $1.86 during midday trading on Friday, hitting $99.69. The stock had a trading volume of 1,842,508 shares, compared to its average volume of 1,744,031. The stock's 50 day moving average is $86.57 and its 200 day moving average is $81.03. The firm has a market cap of $25.46 billion, a PE ratio of -10.20, a price-to-earnings-growth ratio of 2.04 and a beta of 1.21. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.05. International Flavors & Fragrances Inc. has a 1 year low of $62.11 and a 1 year high of $99.83.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.27. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same period in the prior year, the company posted $0.87 EPS. The firm's revenue for the quarter was down 4.2% on a year-over-year basis. As a group, analysts forecast that International Flavors & Fragrances Inc. will post 3.83 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances's payout ratio is currently -16.38%.

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.