Leeward Investments LLC MA Sells 2,391 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Leeward Investments LLC MA lowered its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,742 shares of the specialty chemicals company’s stock after selling 2,391 shares during the quarter. Leeward Investments LLC MA’s holdings in International Flavors & Fragrances were worth $7,185,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Winder Pte. Ltd. bought a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $1,728,544,000. Nordea Investment Management AB raised its stake in shares of International Flavors & Fragrances by 16.3% during the 3rd quarter. Nordea Investment Management AB now owns 5,672,776 shares of the specialty chemicals company’s stock worth $388,358,000 after acquiring an additional 795,797 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of International Flavors & Fragrances by 34.0% during the 3rd quarter. Van ECK Associates Corp now owns 3,927,108 shares of the specialty chemicals company’s stock worth $267,711,000 after acquiring an additional 996,629 shares in the last quarter. First Pacific Advisors LP raised its stake in shares of International Flavors & Fragrances by 15.8% during the 3rd quarter. First Pacific Advisors LP now owns 3,893,127 shares of the specialty chemicals company’s stock worth $265,394,000 after acquiring an additional 530,595 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of International Flavors & Fragrances by 6.1% during the 3rd quarter. Northern Trust Corp now owns 3,119,754 shares of the specialty chemicals company’s stock worth $212,674,000 after acquiring an additional 179,894 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on IFF shares. Citigroup upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $81.00 to $100.00 in a research note on Wednesday, April 10th. UBS Group upped their price target on shares of International Flavors & Fragrances from $78.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. Robert W. Baird upped their price target on shares of International Flavors & Fragrances from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Barclays upgraded shares of International Flavors & Fragrances from an “underweight” rating to an “equal weight” rating in a research note on Thursday, April 18th. Finally, Mizuho upped their price target 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, International Flavors & Fragrances presently has an average rating of “Hold” and a consensus price target of $86.35.

International Flavors & Fragrances Stock Performance

NYSE IFF traded up $0.27 during mid-day trading on Friday, reaching $84.61. 900,101 shares of the stock were exchanged, compared to its average volume of 2,110,049. The business’s 50 day moving average is $82.06 and its 200-day moving average is $78.08. International Flavors & Fragrances Inc. has a 1 year low of $62.11 and a 1 year high of $97.49. The company has a market capitalization of $21.60 billion, a P/E ratio of -8.43, a P/E/G ratio of 1.90 and a beta of 1.23. 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 announced its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the company posted $0.97 earnings per share. The business’s quarterly revenue was down 5.0% on a year-over-year basis. On average, equities research analysts forecast that International Flavors & Fragrances Inc. will post 3.69 EPS for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -15.94%.

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.