NTV Asset Management LLC Trims Position in International Flavors & Fragrances Inc (IFF)

NTV Asset Management LLC reduced its position in International Flavors & Fragrances Inc (NYSE:IFF) by 31.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,450 shares of the specialty chemicals company’s stock after selling 1,600 shares during the quarter. NTV Asset Management LLC’s holdings in International Flavors & Fragrances were worth $444,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. JOYN Advisors Inc. increased its stake in International Flavors & Fragrances by 65.5% in the 4th quarter. JOYN Advisors Inc. now owns 187 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 74 shares during the period. Massey Quick Simon & CO. LLC acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth $27,000. Fort L.P. grew its stake in shares of International Flavors & Fragrances by 365.3% during the 4th quarter. Fort L.P. now owns 228 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 179 shares during the period. Penserra Capital Management LLC acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth $37,000. Finally, Kaizen Advisory LLC grew its stake in shares of International Flavors & Fragrances by 50.3% during the 4th quarter. Kaizen Advisory LLC now owns 272 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 91 shares during the period. 83.28% of the stock is currently owned by institutional investors.

IFF has been the topic of a number of recent analyst reports. Goldman Sachs Group raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and upped their price target for the stock from $137.00 to $151.00 in a research note on Thursday, March 21st. Zacks Investment Research raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. ValuEngine cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Seaport Global Securities initiated coverage on shares of International Flavors & Fragrances in a research note on Thursday, February 21st. They set a “neutral” rating on the stock. Finally, Citigroup lowered their price target on shares of International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, February 21st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $144.33.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd acquired 29,642 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were purchased at an average cost of $128.74 per share, with a total value of $3,816,111.08. Following the purchase, the insider now owns 20,300,000 shares in the company, valued at $2,613,422,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders purchased 165,588 shares of company stock worth $21,637,048. 0.39% of the stock is owned by corporate insiders.

NYSE IFF traded down $0.14 during trading hours on Monday, reaching $137.43. The company’s stock had a trading volume of 152,755 shares, compared to its average volume of 815,807. The stock has a market cap of $14.67 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 2.40 and a beta of 0.75. International Flavors & Fragrances Inc has a fifty-two week low of $121.85 and a fifty-two week high of $150.57. The company has a current ratio of 2.61, a quick ratio of 1.65 and a debt-to-equity ratio of 0.75.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Wednesday, February 13th. The specialty chemicals company reported $1.22 EPS for the quarter, missing the Zacks’ consensus estimate of $1.29 by ($0.07). The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. International Flavors & Fragrances had a net margin of 8.48% and a return on equity of 15.56%. International Flavors & Fragrances’s revenue was up 42.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 earnings per share. As a group, research analysts expect that International Flavors & Fragrances Inc will post 6.36 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 25th were paid a $0.73 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 2.12%. International Flavors & Fragrances’s payout ratio is 46.50%.

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International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste 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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