Fox Run Management L.L.C. Trims Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Fox Run Management L.L.C. decreased its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 45.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,421 shares of the specialty chemicals company’s stock after selling 2,819 shares during the period. Fox Run Management L.L.C.’s holdings in International Flavors & Fragrances were worth $289,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of IFF. SBI Securities Co. Ltd. purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter worth $32,000. Point72 Hong Kong Ltd bought a new stake in shares of International Flavors & Fragrances in the third quarter valued at about $42,000. Fairway Wealth LLC purchased a new stake in International Flavors & Fragrances in the fourth quarter worth about $34,000. Rialto Wealth Management LLC purchased a new stake in International Flavors & Fragrances in the fourth quarter worth about $42,000. Finally, Principal Securities Inc. grew its holdings in International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 171 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Up 0.8 %

IFF stock opened at $78.25 on Friday. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances Inc. has a 52 week low of $75.63 and a 52 week high of $106.77. The stock has a market capitalization of $20.01 billion, a PE ratio of 83.24, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The firm has a 50 day moving average of $82.73 and a 200 day moving average of $90.16.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. Sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances’s payout ratio is 170.21%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O’byrne acquired 6,500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the purchase, the director now owns 6,500 shares in the company, valued at approximately $522,860. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

IFF has been the subject of several research reports. Cfra cut shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target for the company. in a research report on Thursday, February 20th. JPMorgan Chase & Co. lowered their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Barclays cut their price target on International Flavors & Fragrances from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Thursday. Wells Fargo & Company decreased their price objective on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Finally, Stifel Nicolaus reduced their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $103.31.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.