Amalgamated Bank Sells 10,677 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Amalgamated Bank trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 16.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,820 shares of the specialty chemicals company’s stock after selling 10,677 shares during the quarter. Amalgamated Bank’s holdings in International Flavors & Fragrances were worth $4,542,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC boosted its position in International Flavors & Fragrances by 3,000.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 300 shares in the last quarter. Riverview Trust Co acquired a new stake in International Flavors & Fragrances in the first quarter valued at approximately $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at approximately $41,000. Principal Securities Inc. acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at approximately $43,000. Finally, Optiver Holding B.V. acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at approximately $50,000. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Stock Down 1.5 %

Shares of NYSE:IFF traded down $1.47 during midday trading on Thursday, hitting $94.47. 1,041,645 shares of the company’s stock were exchanged, compared to its average volume of 2,073,088. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $87.53 and a 200-day moving average price of $81.51. International Flavors & Fragrances Inc. has a 12 month low of $62.11 and a 12 month high of $99.91.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.86 by $0.27. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.78 billion. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 earnings per share. Analysts anticipate that International Flavors & Fragrances Inc. will post 3.85 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances’s payout ratio is presently -16.38%.

Analyst Ratings Changes

IFF has been the topic of a number of recent research reports. Barclays lifted their price target on shares of International Flavors & Fragrances from $82.00 to $93.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. Robert W. Baird lifted their price target on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Wolfe Research initiated coverage on shares of International Flavors & Fragrances in a report on Friday, March 1st. They set an “underperform” rating on the stock. JPMorgan Chase & Co. upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $75.00 to $100.00 in a report on Wednesday, May 8th. Finally, Argus lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Friday, March 8th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $94.41.

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.