Pictet Asset Management Holding SA Has $124.67 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Pictet Asset Management Holding SA reduced its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,474,497 shares of the specialty chemicals company’s stock after selling 28,765 shares during the period. Pictet Asset Management Holding SA owned about 0.58% of International Flavors & Fragrances worth $124,669,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Compagnie Lombard Odier SCmA lifted its position in shares of International Flavors & Fragrances by 11.1% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock valued at $9,654,000 after buying an additional 11,406 shares during the last quarter. Choreo LLC lifted its holdings in International Flavors & Fragrances by 55.7% during the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock valued at $2,055,000 after purchasing an additional 8,728 shares during the last quarter. Covea Finance boosted its position in International Flavors & Fragrances by 79.0% during the fourth quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock worth $10,407,000 after purchasing an additional 54,340 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new position in shares of International Flavors & Fragrances in the fourth quarter valued at $7,508,000. Finally, S.E.E.D. Planning Group LLC raised its position in shares of International Flavors & Fragrances by 372.9% in the fourth quarter. S.E.E.D. Planning Group LLC now owns 63,104 shares of the specialty chemicals company’s stock valued at $5,335,000 after purchasing an additional 49,761 shares during the period. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $76.41 on Friday. International Flavors & Fragrances Inc. has a 1 year low of $76.38 and a 1 year high of $106.77. The firm has a market capitalization of $19.54 billion, a price-to-earnings ratio of 81.28, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The firm’s 50 day simple moving average is $82.56 and its 200 day simple moving average is $89.97.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, research analysts expect that International Flavors & Fragrances Inc. will post 4.32 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 Friday, April 11th. Stockholders of record on Friday, March 21st will be paid a $0.40 dividend. The ex-dividend date is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. International Flavors & Fragrances’s payout ratio is currently 170.21%.

Insider Activity at International Flavors & Fragrances

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

Wall Street Analysts Forecast Growth

IFF has been the topic of a number of research reports. Oppenheimer decreased their price target on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Stifel Nicolaus reduced their price target on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Finally, Citigroup reduced their target price on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average target price of $103.31.

About International Flavors & Fragrances

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.