Crumly & Associates Inc. Sells 1,532 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Crumly & Associates Inc. trimmed its stake in International Flavors & Fragrances Inc. (NYSE:IFFGet Rating) by 42.9% during the fourth quarter, Holdings Channel reports. The fund owned 2,039 shares of the specialty chemicals company’s stock after selling 1,532 shares during the quarter. Crumly & Associates Inc.’s holdings in International Flavors & Fragrances were worth $263,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. JJJ Advisors Inc. raised its stake in shares of International Flavors & Fragrances by 74.3% in the 4th quarter. JJJ Advisors Inc. now owns 176 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Steward Financial Group LLC bought a new position in International Flavors & Fragrances in the 4th quarter worth approximately $31,000. Achmea Investment Management B.V. bought a new position in International Flavors & Fragrances in the 3rd quarter worth approximately $31,000. Oakworth Capital Inc. bought a new position in International Flavors & Fragrances in the 3rd quarter worth approximately $37,000. Finally, MUFG Americas Holdings Corp increased its position in International Flavors & Fragrances by 53.4% in the 3rd quarter. MUFG Americas Holdings Corp now owns 365 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 127 shares during the period. 88.40% of the stock is currently owned by institutional investors and hedge funds.

IFF stock traded up $1.87 during trading on Tuesday, hitting $124.60. The company had a trading volume of 21,523 shares, compared to its average volume of 1,693,403. The company has a fifty day moving average price of $128.51 and a two-hundred day moving average price of $138.29. The company has a current ratio of 1.92, a quick ratio of 1.23 and a debt-to-equity ratio of 0.51. The company has a market cap of $31.74 billion, a P/E ratio of 121.52, a P/E/G ratio of 2.76 and a beta of 1.04. International Flavors & Fragrances Inc. has a fifty-two week low of $113.40 and a fifty-two week high of $157.08.

International Flavors & Fragrances (NYSE:IFFGet Rating) last announced its quarterly earnings results on Wednesday, February 9th. The specialty chemicals company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.96 billion. International Flavors & Fragrances had a return on equity of 6.37% and a net margin of 2.32%. During the same quarter in the previous year, the firm earned $1.32 EPS. On average, analysts expect that International Flavors & Fragrances Inc. will post 5.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 6th. Investors of record on Friday, March 25th were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Thursday, March 24th. International Flavors & Fragrances’s dividend payout ratio is 312.87%.

Several research analysts have commented on the company. Stifel Nicolaus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their price target for the stock from $155.00 to $160.00 in a research report on Tuesday, January 25th. StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th. Barclays dropped their price target on International Flavors & Fragrances from $127.00 to $121.00 and set an “underweight” rating on the stock in a research report on Monday, February 14th. Robert W. Baird dropped their price target on International Flavors & Fragrances from $188.00 to $165.00 in a research report on Friday, February 11th. Finally, Jefferies Financial Group started coverage on International Flavors & Fragrances in a report on Thursday, January 13th. They set a “buy” rating and a $180.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Buy” and a consensus target price of $156.93.

International Flavors & Fragrances Company Profile (Get Rating)

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: Taste and Scent. The Taste segment is sold 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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