Cetera Investment Advisers Sells 925 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Cetera Investment Advisers reduced its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,544 shares of the specialty chemicals company’s stock after selling 925 shares during the period. Cetera Investment Advisers’ holdings in International Flavors & Fragrances were worth $2,511,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Fairfield Bush & CO. grew its holdings in International Flavors & Fragrances by 11.7% in the first quarter. Fairfield Bush & CO. now owns 4,791 shares of the specialty chemicals company’s stock worth $629,000 after purchasing an additional 500 shares during the period. American Century Companies Inc. grew its holdings in International Flavors & Fragrances by 19.8% in the first quarter. American Century Companies Inc. now owns 3,380 shares of the specialty chemicals company’s stock worth $444,000 after purchasing an additional 558 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in International Flavors & Fragrances by 10.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,844 shares of the specialty chemicals company’s stock worth $767,000 after purchasing an additional 574 shares during the period. Raymond James Trust N.A. grew its holdings in International Flavors & Fragrances by 2.4% in the first quarter. Raymond James Trust N.A. now owns 3,792 shares of the specialty chemicals company’s stock worth $498,000 after purchasing an additional 90 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in International Flavors & Fragrances by 31.5% in the first quarter. Vontobel Holding Ltd. now owns 3,684 shares of the specialty chemicals company’s stock worth $483,000 after purchasing an additional 883 shares during the period. 89.52% of the stock is owned by institutional investors.

International Flavors & Fragrances Stock Down 0.1 %

IFF opened at $73.87 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 1.04 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances Inc. has a 1-year low of $62.11 and a 1-year high of $118.34. The company has a market capitalization of $18.86 billion, a PE ratio of 410.39, a PEG ratio of 5.78 and a beta of 1.16. The firm’s 50 day simple moving average is $68.21 and its two-hundred day simple moving average is $74.17.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Monday, November 6th. The specialty chemicals company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.14. International Flavors & Fragrances had a net margin of 0.40% and a return on equity of 5.22%. The business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period last year, the firm earned $1.36 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. As a group, equities analysts forecast that International Flavors & Fragrances Inc. will post 3.35 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Thursday, December 28th will be given a $0.81 dividend. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $3.24 annualized dividend and a yield of 4.39%. International Flavors & Fragrances’s payout ratio is presently 1,800.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Mizuho cut their price target on shares of International Flavors & Fragrances from $105.00 to $70.00 in a report on Thursday, August 10th. JPMorgan Chase & Co. cut their price target on shares of International Flavors & Fragrances from $83.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday, August 9th. Robert W. Baird cut their price target on shares of International Flavors & Fragrances from $106.00 to $75.00 in a report on Wednesday, August 9th. UBS Group cut shares of International Flavors & Fragrances from a “buy” rating to a “neutral” rating and cut their price target for the company from $88.00 to $78.00 in a report on Monday, November 13th. Finally, Morgan Stanley cut shares of International Flavors & Fragrances from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $112.00 to $75.00 in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $76.27.

International Flavors & Fragrances 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 Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through four segments: Nourish, Scent, Health & Biosciences, and Pharma Solutions.