International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Korea Investment CORP

Korea Investment CORP lowered its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 39.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 233,955 shares of the specialty chemicals company’s stock after selling 152,060 shares during the quarter. Korea Investment CORP owned 0.09% of International Flavors & Fragrances worth $19,781,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of International Flavors & Fragrances during the 4th quarter worth $32,000. Fairway Wealth LLC purchased a new stake in International Flavors & Fragrances during the fourth quarter worth approximately $34,000. Point72 Hong Kong Ltd acquired a new stake in International Flavors & Fragrances in the 3rd quarter valued at $42,000. Rialto Wealth Management LLC purchased a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at about $42,000. Finally, Principal Securities Inc. lifted its position in shares of International Flavors & Fragrances by 36.6% during the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 171 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O’byrne purchased 6,500 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the purchase, the director now directly owns 6,500 shares in the company, valued at $522,860. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Down 2.3 %

IFF stock opened at $76.41 on Friday. The company has a 50 day moving average of $82.56 and a two-hundred day moving average of $89.89. The company has a market cap of $19.54 billion, a price-to-earnings ratio of 81.28, a PEG ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a 12-month low of $76.38 and a 12-month high of $106.77. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. On average, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be issued a $0.40 dividend. The ex-dividend date is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. International Flavors & Fragrances’s dividend payout ratio is currently 170.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Cfra lowered International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price on the stock. in a research report on Thursday, February 20th. Oppenheimer decreased their target price on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Barclays dropped their price objective on shares of International Flavors & Fragrances from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Thursday. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus cut their price objective on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.31.

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.