International Flavors & Fragrances Inc. (NYSE:IFF) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 11.2% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 84,265 shares of the specialty chemicals company's stock after acquiring an additional 8,490 shares during the period. Allspring Global Investments Holdings LLC's holdings in International Flavors & Fragrances were worth $6,525,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in IFF. Smartleaf Asset Management LLC grew its position in International Flavors & Fragrances by 42.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,392 shares of the specialty chemicals company's stock worth $117,000 after acquiring an additional 413 shares during the period. Jones Financial Companies Lllp lifted its stake in International Flavors & Fragrances by 30.7% during the fourth quarter. Jones Financial Companies Lllp now owns 3,437 shares of the specialty chemicals company's stock worth $291,000 after purchasing an additional 808 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in International Flavors & Fragrances during the fourth quarter worth $32,000. Charles Schwab Investment Management Inc. lifted its stake in International Flavors & Fragrances by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,545,718 shares of the specialty chemicals company's stock worth $130,690,000 after purchasing an additional 46,903 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in International Flavors & Fragrances by 3.0% during the fourth quarter. Victory Capital Management Inc. now owns 116,419 shares of the specialty chemicals company's stock worth $9,843,000 after purchasing an additional 3,400 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Trading Down 0.4%

IFF stock traded down $0.30 during trading on Friday, reaching $76.33. 838,249 shares of the stock traded hands, compared to its average volume of 1,531,271. The business's 50 day moving average price is $76.23 and its 200-day moving average price is $79.23. International Flavors & Fragrances Inc. has a 52-week low of $65.85 and a 52-week high of $106.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.87 and a quick ratio of 1.39. The firm has a market capitalization of $19.52 billion, a PE ratio of -23.34, a P/E/G ratio of 3.39 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings results 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. International Flavors & Fragrances had a positive return on equity of 7.99% and a negative net margin of 7.31%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the business earned $1.13 earnings per share. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. As a group, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 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 Friday, July 11th. Stockholders of record on Friday, June 20th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's payout ratio is -48.93%.

Analysts Set New Price Targets

A number of research analysts have commented on IFF shares. Robert W. Baird decreased their price target on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. UBS Group upped their price target on International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Stifel Nicolaus reduced their price objective on International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Citigroup increased their price objective on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Tigress Financial initiated coverage on International Flavors & Fragrances in a research note on Wednesday, June 4th. They issued a "buy" rating and a $105.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $93.43.

Insider Transactions at International Flavors & Fragrances

In related news, CAO Beril Yildiz sold 2,400 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $77.33, for a total value of $185,592.00. Following the completion of the transaction, the chief accounting officer owned 3,321 shares of the company's stock, valued at approximately $256,812.93. This represents a 41.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Hernandez Margarita Palau acquired 850 shares of the business's stock in a transaction on Monday, May 19th. The shares were purchased at an average price of $77.42 per share, for a total transaction of $65,807.00. Following the purchase, the director directly owned 2,393 shares of the company's stock, valued at $185,266.06. This represents a 55.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 22,050 shares of company stock valued at $1,688,512 in the last three months. 0.20% of the stock is currently owned by company insiders.

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.