Deutsche Bank AG Increases Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Deutsche Bank AG lifted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 984,579 shares of the specialty chemicals company's stock after acquiring an additional 209,631 shares during the period. Deutsche Bank AG owned approximately 0.39% of International Flavors & Fragrances worth $83,246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IFF. SBI Securities Co. Ltd. bought a new stake in shares of International Flavors & Fragrances during the 4th quarter worth approximately $32,000. Fairway Wealth LLC acquired a new position in International Flavors & Fragrances during the 4th quarter worth approximately $34,000. Rialto Wealth Management LLC acquired a new position in International Flavors & Fragrances during the 4th quarter worth approximately $42,000. Principal Securities Inc. increased its position in International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock worth $54,000 after purchasing an additional 171 shares in the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new position in International Flavors & Fragrances during the 4th quarter worth approximately $78,000. Institutional investors own 96.02% of the company's stock.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, CEO J Erik Fyrwald purchased 700 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average cost of $74.00 per share, for a total transaction of $51,800.00. Following the purchase, the chief executive officer now directly owns 37,770 shares in the company, valued at $2,794,980. The trade was a 1.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mehmood Khan purchased 4,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average price of $75.33 per share, with a total value of $301,320.00. Following the completion of the purchase, the director now owns 4,604 shares in the company, valued at $346,819.32. This represents a 662.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 11,200 shares of company stock valued at $875,980 in the last quarter. Company insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on IFF shares. Barclays upgraded shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $76.00 to $84.00 in a research report on Thursday, May 8th. JPMorgan Chase & Co. decreased their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus decreased their price target on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Cfra cut shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective for the company. in a research report on Thursday, February 20th. Finally, Morgan Stanley decreased their price objective on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $92.54.

International Flavors & Fragrances Price Performance

IFF stock traded up $1.46 during midday trading on Thursday, reaching $76.09. The company had a trading volume of 1,484,106 shares, compared to its average volume of 1,525,406. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. International Flavors & Fragrances Inc. has a 1 year low of $65.85 and a 1 year high of $106.77. The company has a market capitalization of $19.46 billion, a P/E ratio of 80.95, a P/E/G ratio of 1.45 and a beta of 1.08. The firm has a 50-day moving average price of $76.02 and a 200-day moving average price of $83.13.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.08. The company had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm's revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 EPS. On average, research analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, June 20th. This represents a $1.60 annualized dividend and a yield of 2.10%. International Flavors & Fragrances's payout ratio is currently -48.93%.

International Flavors & Fragrances Company Profile

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.