Wintrust Investments LLC Sells 710 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Wintrust Investments LLC lessened its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 43.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 912 shares of the specialty chemicals company’s stock after selling 710 shares during the quarter. Wintrust Investments LLC’s holdings in International Flavors & Fragrances were worth $77,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of International Flavors & Fragrances in the 4th quarter worth approximately $32,000. Fairway Wealth LLC purchased a new position in shares of International Flavors & Fragrances during the 4th quarter valued at $34,000. Point72 Hong Kong Ltd purchased a new position in International Flavors & Fragrances in the third quarter worth $42,000. Rialto Wealth Management LLC purchased a new position in International Flavors & Fragrances in the fourth quarter worth $42,000. Finally, Ashton Thomas Securities LLC purchased a new position in International Flavors & Fragrances in the third quarter worth $48,000. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on IFF shares. Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Barclays cut their price target on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Oppenheimer cut their price target on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Wells Fargo & Company cut their price target on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Finally, Bank of America cut their price target on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and an average target price of $103.50.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF opened at $79.16 on Friday. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 84.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company has a 50-day moving average price of $83.54 and a 200-day moving average price of $91.89. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances Inc. has a 12 month low of $78.91 and a 12 month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. As a group, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances’s payout ratio is currently 170.21%.

Insider Buying and Selling

In related news, Director Kevin O’byrne purchased 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the purchase, the director now directly owns 6,500 shares in the company, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by insiders.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.