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

IFM Investors Pty Ltd increased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,931 shares of the specialty chemicals company's stock after buying an additional 3,943 shares during the quarter. 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 IFF. SBI Securities Co. Ltd. purchased a new stake in International Flavors & Fragrances in the fourth quarter valued at approximately $32,000. Fairway Wealth LLC acquired a new position in shares of International Flavors & Fragrances during the fourth quarter worth $34,000. Rialto Wealth Management LLC acquired a new position in shares of International Flavors & Fragrances during the fourth quarter worth $42,000. Mather Group LLC. grew its stake in shares of International Flavors & Fragrances by 179.9% during the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock worth $51,000 after purchasing an additional 421 shares in the last quarter. Finally, United Community Bank boosted its stake in International Flavors & Fragrances by 19.4% in the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock valued at $78,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Price Performance

NYSE IFF traded down $1.29 during mid-day trading on Monday, hitting $75.04. The stock had a trading volume of 1,158,926 shares, compared to its average volume of 1,532,722. The company has a quick ratio of 1.39, a current ratio of 1.87 and a debt-to-equity ratio of 0.58. The company has a 50 day simple moving average of $76.23 and a 200 day simple moving average of $79.14. The company has a market cap of $19.19 billion, a price-to-earnings ratio of -22.95, a P/E/G ratio of 3.39 and a beta of 1.04. International Flavors & Fragrances Inc. has a 52-week low of $65.85 and a 52-week high of $106.77.

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 the consensus estimate 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 company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the business posted $1.13 earnings per share. International Flavors & Fragrances's revenue was down 1.9% compared to the same quarter last year. Equities analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently announced 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 payout ratio is currently -48.93%.

Insider Transactions at International Flavors & Fragrances

In other news, EVP Stephen N. Landsman bought 12,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average price of $77.28 per share, for a total transaction of $927,360.00. Following the completion of the acquisition, the executive vice president owned 12,000 shares of the company's stock, valued at $927,360. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Beril Yildiz sold 2,400 shares of the company's 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 sale, the chief accounting officer directly owned 3,321 shares of the company's stock, valued at $256,812.93. The trade was a 41.95% decrease in their position. The disclosure for this sale can be found here. Insiders have acquired 22,050 shares of company stock valued at $1,688,512 in the last ninety days. Company insiders own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on IFF. Mizuho reduced their target price on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Oppenheimer reduced their target price on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley reduced their target price 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. Tigress Financial initiated coverage on shares of International Flavors & Fragrances in a report on Wednesday, June 4th. They issued a "buy" rating and a $105.00 target price for the company. Finally, Citigroup increased 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. One 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, International Flavors & Fragrances 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.