International Flavors & Fragrances Inc. (NYSE:IFF) Stock Holdings Boosted by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 7.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 54,931 shares of the specialty chemicals company's stock after purchasing an additional 3,943 shares during the period. IFM Investors Pty Ltd's holdings in International Flavors & Fragrances were worth $4,263,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Wahed Invest LLC grew its stake in shares of International Flavors & Fragrances by 2.1% during the 4th quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company's stock valued at $536,000 after acquiring an additional 130 shares during the period. United Community Bank grew its holdings in 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. Commerce Bank increased its position 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 worth $350,000 after purchasing an additional 152 shares during the last quarter. Greenwich Wealth Management LLC grew its position in International Flavors & Fragrances by 1.1% in the fourth quarter. Greenwich Wealth Management LLC now owns 15,449 shares of the specialty chemicals company's stock worth $1,306,000 after acquiring an additional 175 shares in the last quarter. Finally, Byrne Asset Management LLC lifted its stake in shares of International Flavors & Fragrances by 3.3% in the 1st quarter. Byrne Asset Management LLC now owns 6,637 shares of the specialty chemicals company's stock valued at $515,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Price Performance

IFF traded up $1.16 on Tuesday, hitting $76.16. 1,417,838 shares of the company were exchanged, compared to its average volume of 1,532,264. The firm has a market capitalization of $19.48 billion, a P/E ratio of -23.29, a price-to-earnings-growth ratio of 3.39 and a beta of 1.04. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77. The business's fifty day moving average is $76.20 and its 200 day moving average is $79.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.87.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.08. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate 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 revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 EPS. As a group, sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Stifel Nicolaus reduced their target price 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. Barclays upgraded International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $76.00 to $84.00 in a research report on Thursday, May 8th. Morgan Stanley cut their price target on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Citigroup boosted their price target on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, UBS Group upped their target price on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.43.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Hernandez Margarita Palau purchased 850 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was acquired at an average cost of $77.42 per share, with a total value of $65,807.00. Following the acquisition, the director owned 2,393 shares of the company's stock, valued at approximately $185,266.06. This represents a 55.09% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 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 acquisition, the director directly owned 7,696 shares of the company's stock, valued at $585,280.80. The trade was a 140.80% 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 over the last 90 days. 0.17% of the stock is currently owned by 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.