MetLife Investment Advisors LLC Sells 170 Shares of International Flavors & Fragrances Inc (NYSE:IFF)

MetLife Investment Advisors LLC cut its position in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 0.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,796 shares of the specialty chemicals company’s stock after selling 170 shares during the quarter. MetLife Investment Advisors LLC’s holdings in International Flavors & Fragrances were worth $3,709,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Boston Family Office LLC grew its position in International Flavors & Fragrances by 0.4% during the 4th quarter. Boston Family Office LLC now owns 19,593 shares of the specialty chemicals company’s stock worth $2,631,000 after acquiring an additional 69 shares during the last quarter. JOYN Advisors Inc. grew its position in International Flavors & Fragrances by 65.5% during the 4th quarter. JOYN Advisors Inc. now owns 187 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 74 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of International Flavors & Fragrances by 0.5% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 14,688 shares of the specialty chemicals company’s stock valued at $1,892,000 after buying an additional 78 shares during the last quarter. Penserra Capital Management LLC grew its position in shares of International Flavors & Fragrances by 28.6% in the 1st quarter. Penserra Capital Management LLC now owns 360 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 80 shares during the last quarter. Finally, ETF Managers Group LLC grew its position in shares of International Flavors & Fragrances by 9.1% in the 1st quarter. ETF Managers Group LLC now owns 1,057 shares of the specialty chemicals company’s stock valued at $136,000 after buying an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 88.18% of the company’s stock.

A number of research firms have commented on IFF. BNP Paribas lowered International Flavors & Fragrances from a “neutral” rating to an “underperform” rating in a research report on Friday, June 21st. Zacks Investment Research downgraded Hammerson from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Exane BNP Paribas downgraded International Flavors & Fragrances to an “underperform” rating in a research note on Friday, June 21st. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, KeyCorp dropped their price target on At Home Group from $35.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, June 7th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $150.25.

Shares of International Flavors & Fragrances stock traded up $0.58 on Friday, hitting $143.26. The company had a trading volume of 400,618 shares, compared to its average volume of 869,058. The firm has a market capitalization of $15.28 billion, a PE ratio of 22.81 and a beta of 0.76. International Flavors & Fragrances Inc has a 1 year low of $121.85 and a 1 year high of $152.95. The stock’s 50 day simple moving average is $143.96. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.56 and a quick ratio of 1.58.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.52 by $0.05. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. International Flavors & Fragrances had a return on equity of 12.74% and a net margin of 7.29%. The company’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.79 earnings per share. As a group, analysts anticipate that International Flavors & Fragrances Inc will post 6.3 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, June 24th were issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio is presently 46.50%.

In other news, insider Nicolas Mirzayantz sold 972 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $148.79, for a total value of $144,623.88. Following the completion of the transaction, the insider now directly owns 37,250 shares of the company’s stock, valued at $5,542,427.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 9,580 shares of company stock valued at $1,361,842. 0.39% of the stock is currently owned by corporate insiders.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

Further Reading: Can systematic risk be avoided?

Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.