Cypress Capital Group cut its holdings in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 11.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,393 shares of the specialty chemicals company’s stock after selling 820 shares during the period. Cypress Capital Group’s holdings in International Flavors & Fragrances were worth $792,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new position in International Flavors & Fragrances during the second quarter worth about $113,000. Psagot Investment House Ltd. bought a new position in International Flavors & Fragrances during the second quarter worth about $148,000. Tiverton Asset Management LLC lifted its holdings in International Flavors & Fragrances by 51.4% during the first quarter. Tiverton Asset Management LLC now owns 1,214 shares of the specialty chemicals company’s stock worth $166,000 after acquiring an additional 412 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in International Flavors & Fragrances during the second quarter worth about $200,000. Finally, Vontobel Swiss Wealth Advisors AG bought a new position in International Flavors & Fragrances during the first quarter worth about $224,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.

In other news, major shareholder Winder Investment Pte Ltd purchased 77,000 shares of the business’s stock in a transaction dated Monday, July 16th. The shares were bought at an average cost of $127.59 per share, for a total transaction of $9,824,430.00. Following the completion of the acquisition, the insider now directly owns 14,177,000 shares in the company, valued at approximately $1,808,843,430. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders bought 1,065,400 shares of company stock worth $139,766,425. Corporate insiders own 0.48% of the company’s stock.

Several research analysts have weighed in on the company. Stifel Nicolaus reduced their target price on International Flavors & Fragrances from $146.00 to $135.00 and set a “hold” rating on the stock in a report on Monday, June 11th. Zacks Investment Research lowered International Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. ValuEngine upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. Finally, Argus lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $146.67.

Shares of International Flavors & Fragrances stock opened at $136.50 on Monday. The stock has a market capitalization of $10.37 billion, a PE ratio of 21.08, a PEG ratio of 2.32 and a beta of 1.03. International Flavors & Fragrances Inc has a one year low of $122.11 and a one year high of $157.40. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.90 and a current ratio of 2.90.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, August 7th. The specialty chemicals company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.05. The company had revenue of $920.02 million for the quarter, compared to analyst estimates of $899.62 million. International Flavors & Fragrances had a return on equity of 28.32% and a net margin of 8.35%. During the same period in the previous year, the company posted $1.50 earnings per share. analysts predict that International Flavors & Fragrances Inc will post 6.29 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 5th. Stockholders of record on Monday, September 24th will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.14%. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, September 21st. International Flavors & Fragrances’s payout ratio is 46.86%.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

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