International Flavors & Fragrances Inc. (NYSE:IFF) Stock Holdings Increased by Bank of Montreal Can

Bank of Montreal Can increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 84.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 389,819 shares of the specialty chemicals company's stock after buying an additional 178,664 shares during the period. Bank of Montreal Can owned 0.15% of International Flavors & Fragrances worth $32,959,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of International Flavors & Fragrances by 8.9% in the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company's stock valued at $123,000 after purchasing an additional 119 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in International Flavors & Fragrances by 4.2% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company's stock worth $321,000 after buying an additional 124 shares during the period. Truist Financial Corp lifted its stake in International Flavors & Fragrances by 0.7% in the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company's stock valued at $1,683,000 after acquiring an additional 129 shares in the last quarter. United Community Bank increased its position in shares of International Flavors & Fragrances by 19.4% during the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock worth $78,000 after purchasing an additional 150 shares during the last quarter. Finally, Principal Securities Inc. raised its stake in International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock valued at $54,000 after acquiring an additional 171 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

Analyst Upgrades and Downgrades

IFF has been the topic of a number of recent analyst reports. Citigroup decreased their price objective on shares of International Flavors & Fragrances from $99.00 to $84.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Mizuho lowered their target price on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a report on Tuesday. Barclays dropped their price target on International Flavors & Fragrances from $82.00 to $76.00 and set an "equal weight" rating on the stock in a research note on Monday. Argus raised shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Finally, Morgan Stanley dropped their price target on shares of International Flavors & Fragrances from $106.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, International Flavors & Fragrances presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.69.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne purchased 6,500 shares of International Flavors & Fragrances stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares in the company, valued at approximately $522,860. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Price Performance

IFF stock traded down $0.36 during mid-day trading on Wednesday, reaching $72.14. The company's stock had a trading volume of 541,601 shares, compared to its average volume of 1,774,063. The stock has a market cap of $18.45 billion, a PE ratio of 76.74, a P/E/G ratio of 1.45 and a beta of 1.21. The company's 50 day moving average is $78.90 and its two-hundred day moving average is $87.00. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The business had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.67 billion. Equities research analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 21st were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Friday, March 21st. International Flavors & Fragrances's dividend payout ratio (DPR) is presently 170.21%.

About International Flavors & Fragrances

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: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B's Food & Beverage division and the food protection business of N&B's Health & Biosciences division.