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

Allspring Global Investments Holdings LLC increased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in shares of International Flavors & Fragrances in the 4th quarter valued at about $32,000. Fairway Wealth LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter valued at approximately $34,000. Rialto Wealth Management LLC purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $42,000. United Community Bank lifted 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 valued at $78,000 after buying an additional 150 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $78,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IFF has been the subject of several research reports. Morgan Stanley dropped their price target on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. UBS Group lifted their target price on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Citigroup increased their price objective on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Mizuho reduced their target price on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Tigress Financial started coverage on International Flavors & Fragrances in a research note on Wednesday, June 4th. They issued a "buy" rating and a $105.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, International Flavors & Fragrances currently has a consensus rating of "Moderate Buy" and an average target price of $93.43.

Insiders Place Their Bets

In other International Flavors & Fragrances news, CAO Beril Yildiz sold 2,400 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $77.33, for a total transaction of $185,592.00. Following the completion of the sale, the chief accounting officer owned 3,321 shares in the company, valued at $256,812.93. This trade represents a 41.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin O'byrne bought 4,500 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was acquired at an average cost of $76.05 per share, for a total transaction of $342,225.00. Following the completion of the transaction, the director owned 7,696 shares in the company, valued at $585,280.80. This represents a 140.80% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 22,050 shares of company stock valued at $1,688,512. Insiders own 0.17% of the company's stock.

International Flavors & Fragrances Stock Down 0.4%

Shares of NYSE IFF traded down $0.30 on Friday, hitting $76.33. The company had a trading volume of 838,249 shares, compared to its average volume of 1,534,224. The company has a quick ratio of 1.39, a current ratio of 1.87 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a 12-month low of $65.85 and a 12-month high of $106.77. The firm has a market capitalization of $19.52 billion, a P/E ratio of -23.34, a PEG ratio of 3.39 and a beta of 1.04. The business has a 50 day moving average of $76.23 and a two-hundred day moving average of $79.14.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.08. The firm had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.99% and a negative net margin of 7.31%. International Flavors & Fragrances's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.13 EPS. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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

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.