Sentry Investment Management LLC Sells 225 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Sentry Investment Management LLC trimmed its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 17.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,096 shares of the specialty chemicals company’s stock after selling 225 shares during the period. Sentry Investment Management LLC’s holdings in International Flavors & Fragrances were worth $104,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in shares of International Flavors & Fragrances during the first quarter valued at approximately $27,000. Quent Capital LLC lifted its holdings in shares of International Flavors & Fragrances by 183.2% during the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 240 shares during the period. Family Firm Inc. acquired a new stake in shares of International Flavors & Fragrances during the 2nd quarter valued at about $38,000. Principal Securities Inc. bought a new stake in International Flavors & Fragrances in the fourth quarter valued at about $43,000. Finally, Fidelis Capital Partners LLC acquired a new position in International Flavors & Fragrances in the first quarter worth about $44,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on IFF shares. Stifel Nicolaus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their price objective for the company from $95.00 to $115.00 in a report on Monday, July 22nd. JPMorgan Chase & Co. boosted their price target on International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Citigroup lifted their price objective on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a report on Friday, July 12th. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Finally, Morgan Stanley increased their price target on International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $103.87.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $103.44 on Friday. The company has a market cap of $26.41 billion, a PE ratio of -10.59, a PEG ratio of 1.84 and a beta of 1.22. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60. International Flavors & Fragrances Inc. has a 1 year low of $62.28 and a 1 year high of $105.30. The company’s 50-day moving average is $99.03 and its two-hundred day moving average is $92.43.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. International Flavors & Fragrances’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 earnings per share. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.22 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s payout ratio is -16.38%.

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 the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.