International Flavors & Fragrances Inc. $IFF Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 3.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,128,879 shares of the specialty chemicals company’s stock after selling 76,536 shares during the period. Nordea Investment Management AB’s holdings in International Flavors & Fragrances were worth $128,967,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its position in shares of International Flavors & Fragrances by 7.6% during the 2nd quarter. Blue Trust Inc. now owns 2,184 shares of the specialty chemicals company’s stock worth $161,000 after acquiring an additional 155 shares in the last quarter. UMB Bank n.a. raised its holdings in International Flavors & Fragrances by 17.3% during the second quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company’s stock worth $95,000 after purchasing an additional 190 shares in the last quarter. Eastern Bank lifted its position in shares of International Flavors & Fragrances by 43.9% during the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after buying an additional 193 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of International Flavors & Fragrances by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 69,515 shares of the specialty chemicals company’s stock valued at $5,113,000 after buying an additional 200 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its position in shares of International Flavors & Fragrances by 1.9% in the 3rd quarter. Central Pacific Bank Trust Division now owns 10,900 shares of the specialty chemicals company’s stock valued at $671,000 after buying an additional 200 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $69.58 on Wednesday. The stock has a fifty day moving average price of $66.51 and a 200 day moving average price of $66.95. International Flavors & Fragrances Inc. has a 1-year low of $59.14 and a 1-year high of $88.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87. The company has a market cap of $17.82 billion, a PE ratio of -42.95, a P/E/G ratio of 2.59 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. International Flavors & Fragrances had a negative net margin of 3.72% and a positive return on equity of 8.03%. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. International Flavors & Fragrances’s quarterly revenue was down 7.9% on a year-over-year basis. Sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were given a $0.40 dividend. The ex-dividend date was Friday, December 19th. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -98.77%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Monday, December 29th. Bank of America decreased their target price on International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. UBS Group lifted their price target on International Flavors & Fragrances from $68.00 to $71.00 and gave the stock a “neutral” rating in a research report on Monday. Berenberg Bank decreased their price objective on International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating for the company in a report on Monday, September 29th. Finally, Mizuho cut their target price on shares of International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus price target of $85.19.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.