Sentry Investment Management LLC Sells 142 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Sentry Investment Management LLC decreased its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,321 shares of the specialty chemicals company’s stock after selling 142 shares during the period. Sentry Investment Management LLC’s holdings in International Flavors & Fragrances were worth $107,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SVB Wealth LLC increased its stake in International Flavors & Fragrances by 4.0% in the first quarter. SVB Wealth LLC now owns 2,077 shares of the specialty chemicals company’s stock valued at $273,000 after acquiring an additional 79 shares during the period. Covestor Ltd lifted its position in shares of International Flavors & Fragrances by 48.8% during the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 80 shares in the last quarter. Raymond James Trust N.A. boosted its position in International Flavors & Fragrances by 2.4% in the 1st quarter. Raymond James Trust N.A. now owns 3,792 shares of the specialty chemicals company’s stock valued at $498,000 after buying an additional 90 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in International Flavors & Fragrances by 0.5% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,638 shares of the specialty chemicals company’s stock valued at $2,583,000 after acquiring an additional 120 shares during the last quarter. Finally, BSW Wealth Partners grew its position in shares of International Flavors & Fragrances by 3.3% during the 1st quarter. BSW Wealth Partners now owns 4,226 shares of the specialty chemicals company’s stock worth $389,000 after buying an additional 135 shares during the period. Institutional investors own 96.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Barclays lifted their price objective on International Flavors & Fragrances from $69.00 to $75.00 and gave the company an “underweight” rating in a report on Friday, April 12th. UBS Group raised their target price on shares of International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, January 11th. Stifel Nicolaus reduced their price target on shares of International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating for the company in a report on Wednesday, February 21st. Finally, Morgan Stanley upped their target price on shares of International Flavors & Fragrances from $89.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $86.35.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $82.85 on Thursday. International Flavors & Fragrances Inc. has a fifty-two week low of $62.11 and a fifty-two week high of $97.49. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average price of $81.47 and a two-hundred day moving average price of $77.19.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.70 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 EPS. On average, equities research analysts anticipate that International Flavors & Fragrances Inc. will post 3.69 EPS for the current year.

International Flavors & Fragrances Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were paid a $0.40 dividend. The ex-dividend date was Thursday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.93%. International Flavors & Fragrances’s payout ratio is currently -15.94%.

International Flavors & Fragrances Company Profile

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.