Centre Asset Management LLC Has $10.55 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Centre Asset Management LLC trimmed its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,729 shares of the specialty chemicals company’s stock after selling 9,439 shares during the quarter. International Flavors & Fragrances makes up 2.4% of Centre Asset Management LLC’s holdings, making the stock its 14th biggest holding. Centre Asset Management LLC’s holdings in International Flavors & Fragrances were worth $10,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Albar Capital Ltd boosted its holdings in shares of International Flavors & Fragrances by 73.5% in the 2nd quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock worth $109,133,000 after buying an additional 485,433 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of International Flavors & Fragrances by 70.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 708,081 shares of the specialty chemicals company’s stock valued at $74,299,000 after acquiring an additional 293,760 shares during the period. Smith Group Asset Management LLC purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $22,399,000. Point72 Europe London LLP raised its holdings in shares of International Flavors & Fragrances by 50.0% in the 2nd quarter. Point72 Europe London LLP now owns 627,412 shares of the specialty chemicals company’s stock worth $59,736,000 after purchasing an additional 209,098 shares during the period. Finally, State Street Corp lifted its stake in International Flavors & Fragrances by 1.9% in the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock valued at $1,102,363,000 after purchasing an additional 196,696 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Stock Down 0.2 %

NYSE:IFF traded down $0.13 on Friday, reaching $82.96. 76,629 shares of the stock traded hands, compared to its average volume of 759,879. The company’s fifty day simple moving average is $90.01 and its 200 day simple moving average is $96.50. The company has a market capitalization of $21.21 billion, a price-to-earnings ratio of -9.13, a PEG ratio of 1.54 and a beta of 1.17. International Flavors & Fragrances Inc. has a 12 month low of $72.94 and a 12 month high of $106.77. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.89 earnings per share. Equities analysts predict that International Flavors & Fragrances Inc. will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.93%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -17.60%.

Insider Buying and Selling

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the sale, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. This represents a 60.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup lowered their target price on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. JPMorgan Chase & Co. dropped their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Barclays lifted their price objective on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Oppenheimer raised their price target on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Finally, Bank of America upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.21.

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.