NTV Asset Management LLC Cuts Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

NTV Asset Management LLC lowered its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,380 shares of the specialty chemicals company’s stock after selling 298 shares during the quarter. NTV Asset Management LLC’s holdings in International Flavors & Fragrances were worth $274,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Fifth Third Bancorp raised its holdings in International Flavors & Fragrances by 196.9% during the 3rd quarter. Fifth Third Bancorp now owns 13,882 shares of the specialty chemicals company’s stock valued at $946,000 after buying an additional 9,206 shares during the period. Cohen Capital Management Inc. bought a new position in International Flavors & Fragrances during the fourth quarter valued at $226,000. Compagnie Lombard Odier SCmA raised its stake in shares of International Flavors & Fragrances by 93.6% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 85,140 shares of the specialty chemicals company’s stock valued at $6,894,000 after acquiring an additional 41,173 shares during the period. Comerica Bank purchased a new position in shares of International Flavors & Fragrances during the 3rd quarter worth about $4,171,000. Finally, Camelot Portfolios LLC bought a new position in International Flavors & Fragrances during the 4th quarter valued at about $1,180,000. Institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IFF. Wolfe Research began coverage on International Flavors & Fragrances in a research report on Friday, March 1st. They set an “underperform” rating for the company. Barclays raised shares of International Flavors & Fragrances from an “underweight” rating to an “equal weight” rating in a research note on Thursday, April 18th. Jefferies Financial Group raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their price target for the stock from $73.00 to $112.00 in a research note on Friday, January 12th. Citigroup raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $81.00 to $100.00 in a research report on Wednesday, April 10th. Finally, StockNews.com raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, International Flavors & Fragrances presently has an average rating of “Hold” and an average price target of $86.35.

International Flavors & Fragrances Stock Down 0.2 %

Shares of IFF stock traded down $0.17 during mid-day trading on Friday, hitting $86.64. 1,501,753 shares of the stock traded hands, compared to its average volume of 1,358,243. International Flavors & Fragrances Inc. has a 52-week low of $62.11 and a 52-week high of $97.49. The stock has a market cap of $22.12 billion, a P/E ratio of -8.63, a P/E/G ratio of 1.94 and a beta of 1.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02. The stock’s fifty day moving average is $82.62 and its two-hundred day moving average is $78.86.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.03). International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the company posted $0.97 EPS. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. Equities analysts predict that International Flavors & Fragrances Inc. will post 3.68 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -15.94%.

About International Flavors & Fragrances

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.