Private Management Group Inc. Has $10.77 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Private Management Group Inc. lessened its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,972 shares of the specialty chemicals company’s stock after selling 1,398 shares during the quarter. Private Management Group Inc.’s holdings in International Flavors & Fragrances were worth $10,767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of IFF. CWM LLC raised its stake in shares of International Flavors & Fragrances by 195.8% in the 3rd quarter. CWM LLC now owns 4,972 shares of the specialty chemicals company’s stock valued at $339,000 after buying an additional 3,291 shares in the last quarter. HB Wealth Management LLC bought a new position in International Flavors & Fragrances during the third quarter worth about $247,000. DAVENPORT & Co LLC boosted its holdings in International Flavors & Fragrances by 13.2% during the third quarter. DAVENPORT & Co LLC now owns 6,943 shares of the specialty chemicals company’s stock valued at $473,000 after purchasing an additional 809 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in International Flavors & Fragrances by 6.7% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 82,790 shares of the specialty chemicals company’s stock valued at $5,644,000 after purchasing an additional 5,224 shares in the last quarter. Finally, Oak Thistle LLC boosted its holdings in International Flavors & Fragrances by 14.8% during the third quarter. Oak Thistle LLC now owns 4,340 shares of the specialty chemicals company’s stock valued at $296,000 after purchasing an additional 561 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IFF has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective on International Flavors & Fragrances from $89.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. Stifel Nicolaus decreased their price objective on International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, February 21st. Wolfe Research assumed coverage on International Flavors & Fragrances in a report on Friday, March 1st. They set an “underperform” rating on the stock. Mizuho lifted their target price on shares of International Flavors & Fragrances from $83.00 to $91.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Finally, Jefferies Financial Group upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their target price for the company from $73.00 to $112.00 in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $86.35.

International Flavors & Fragrances Price Performance

IFF stock traded down $0.29 during trading on Wednesday, hitting $85.14. The company had a trading volume of 1,061,815 shares, compared to its average volume of 2,131,009. The firm has a 50-day moving average price of $81.81 and a 200-day moving average price of $77.83. International Flavors & Fragrances Inc. has a 12 month low of $62.11 and a 12 month high of $97.49. 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 (NYSE:IFF) last issued 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 business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.70 billion. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The business’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 EPS. As a group, equities analysts predict that International Flavors & Fragrances Inc. will post 3.69 earnings per share for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Thursday, March 21st. International Flavors & Fragrances’s payout ratio is -15.94%.

About International Flavors & Fragrances

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.