International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. lessened its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 136,671 shares of the specialty chemicals company's stock after selling 8,935 shares during the quarter. Campbell Newman Asset Management Inc. owned approximately 0.05% of International Flavors & Fragrances worth $10,607,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Truist Financial Corp boosted 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 worth $1,683,000 after buying an additional 129 shares during the last quarter. Wahed Invest LLC grew its holdings in International Flavors & Fragrances by 2.1% in the fourth quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company's stock valued at $536,000 after purchasing an additional 130 shares during the period. United Community Bank raised its stake in International Flavors & Fragrances by 19.4% during the fourth 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 period. Commerce Bank boosted its holdings in International Flavors & Fragrances by 3.8% in the fourth quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company's stock valued at $350,000 after acquiring an additional 152 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in International Flavors & Fragrances by 36.6% during the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock worth $54,000 after acquiring an additional 171 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Insider Activity at International Flavors & Fragrances

In related news, CEO J Erik Fyrwald purchased 700 shares of International Flavors & Fragrances stock in a transaction dated Thursday, May 8th. The stock was bought at an average cost of $74.00 per share, with a total value of $51,800.00. Following the purchase, the chief executive officer now owns 37,770 shares in the company, valued at approximately $2,794,980. The trade was a 1.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin O'byrne bought 4,500 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average cost of $76.05 per share, for a total transaction of $342,225.00. Following the acquisition, the director now owns 7,696 shares of the company's stock, 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. Insiders have acquired a total of 22,050 shares of company stock worth $1,688,512 in the last three months. 0.20% of the stock is owned by company insiders.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock traded down $1.69 on Tuesday, reaching $75.05. 1,215,904 shares of the company were exchanged, compared to its average volume of 1,518,006. The firm has a market cap of $19.20 billion, a price-to-earnings ratio of 79.84, a P/E/G ratio of 1.45 and a beta of 1.05. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The company's 50-day moving average is $75.88 and its two-hundred day moving average is $80.45.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings data 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 business had revenue of $2.84 billion for 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 company's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.13 EPS. As a group, research analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is -48.93%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IFF. Wells Fargo & Company reduced their target price on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Barclays upgraded International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $76.00 to $84.00 in a report on Thursday, May 8th. Citigroup boosted their target price on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Bank of America dropped their price target on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, Tigress Financial started coverage on International Flavors & Fragrances in a research note on Wednesday, June 4th. They set a "buy" rating and a $105.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $93.43.

International Flavors & Fragrances 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.