FineMark National Bank & Trust Sells 1,187 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

FineMark National Bank & Trust cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFFGet Rating) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,099 shares of the specialty chemicals company’s stock after selling 1,187 shares during the period. FineMark National Bank & Trust’s holdings in International Flavors & Fragrances were worth $5,288,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Sachem Head Capital Management LP grew its holdings in International Flavors & Fragrances by 5.2% during the fourth quarter. Sachem Head Capital Management LP now owns 6,844,689 shares of the specialty chemicals company’s stock valued at $1,031,152,000 after purchasing an additional 335,250 shares during the period. Point Break Capital Management LLC grew its holdings in International Flavors & Fragrances by 69.0% during the third quarter. Point Break Capital Management LLC now owns 4,900,000 shares of the specialty chemicals company’s stock valued at $655,228,000 after purchasing an additional 2,000,000 shares during the period. Geode Capital Management LLC grew its holdings in International Flavors & Fragrances by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 4,584,536 shares of the specialty chemicals company’s stock valued at $688,774,000 after purchasing an additional 237,641 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in International Flavors & Fragrances by 24.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,173,967 shares of the specialty chemicals company’s stock valued at $628,809,000 after purchasing an additional 818,364 shares during the period. Finally, Laurion Capital Management LP grew its holdings in International Flavors & Fragrances by 0.6% during the third quarter. Laurion Capital Management LP now owns 3,604,872 shares of the specialty chemicals company’s stock valued at $482,044,000 after purchasing an additional 20,000 shares during the period. 90.67% of the stock is owned by institutional investors.

NYSE IFF traded down $1.16 during trading hours on Monday, reaching $127.77. 1,898 shares of the stock traded hands, compared to its average volume of 1,647,019. The stock has a 50 day simple moving average of $126.39 and a two-hundred day simple moving average of $135.11. International Flavors & Fragrances Inc. has a 1 year low of $113.40 and a 1 year high of $157.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 1.17. The company has a market cap of $32.56 billion, a price-to-earnings ratio of 59.14, a price-to-earnings-growth ratio of 2.20 and a beta of 1.02.

International Flavors & Fragrances (NYSE:IFFGet Rating) last released its quarterly earnings results on Monday, May 9th. The specialty chemicals company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.38. International Flavors & Fragrances had a return on equity of 6.89% and a net margin of 4.48%. The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter last year, the business posted $1.60 earnings per share. The company’s revenue for the quarter was up 30.9% on a year-over-year basis. On average, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 5.76 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 6th. Stockholders of record on Friday, June 24th will be paid a dividend of $0.79 per share. The ex-dividend date is Thursday, June 23rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.47%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 144.95%.

Several equities analysts have weighed in on IFF shares. Berenberg Bank lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating and reduced their price objective for the company from $165.00 to $144.00 in a report on Thursday, March 24th. Deutsche Bank Aktiengesellschaft dropped their target price on International Flavors & Fragrances from $165.00 to $145.00 in a research report on Thursday, May 12th. Mizuho dropped their target price on International Flavors & Fragrances from $147.00 to $145.00 in a research report on Wednesday, May 11th. Wells Fargo & Company increased their target price on International Flavors & Fragrances from $145.00 to $150.00 in a research report on Wednesday, May 11th. Finally, StockNews.com upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Wednesday, May 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, International Flavors & Fragrances has an average rating of “Buy” and an average target price of $154.51.

In other news, insider De Villeplee Christoph Fauchon sold 630 shares of the firm’s stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $121.68, for a total transaction of $76,658.40. Following the transaction, the insider now directly owns 8,809 shares of the company’s stock, valued at $1,071,879.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.

International Flavors & Fragrances Company Profile (Get Rating)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.

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

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