International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc lowered its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 25.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,428 shares of the specialty chemicals company's stock after selling 13,745 shares during the period. Impax Asset Management Group plc's holdings in International Flavors & Fragrances were worth $3,060,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in International Flavors & Fragrances in the 4th quarter worth approximately $32,000. Fairway Wealth LLC bought a new stake in International Flavors & Fragrances in the fourth quarter worth $34,000. Rialto Wealth Management LLC bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at about $42,000. Mather Group LLC. boosted its holdings in International Flavors & Fragrances by 179.9% during the 1st quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock valued at $51,000 after acquiring an additional 421 shares during the period. Finally, Smallwood Wealth Investment Management LLC bought a new position in International Flavors & Fragrances during the 1st quarter worth approximately $77,000. Institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Stock Performance

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

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a negative net margin of 7.31% and a positive return on equity of 7.99%. The firm had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter last year, the company earned $1.13 EPS. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities 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 company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.13%. International Flavors & Fragrances's payout ratio is -48.93%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IFF. Barclays upgraded shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $76.00 to $84.00 in a report on Thursday, May 8th. Oppenheimer decreased their price objective on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company dropped their target price on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Morgan Stanley reduced their price target on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Finally, Stifel Nicolaus dropped their target price on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $93.43.

Insider Transactions at International Flavors & Fragrances

In other news, Director Kevin O'byrne bought 4,500 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was bought at an average cost of $76.05 per share, with a total value of $342,225.00. Following the transaction, the director directly owned 7,696 shares in the company, valued at $585,280.80. The trade was a 140.80% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hernandez Margarita Palau purchased 850 shares of the business's stock in a transaction on Monday, May 19th. The shares were acquired at an average price of $77.42 per share, for a total transaction of $65,807.00. Following the completion of the purchase, the director directly owned 2,393 shares of the company's stock, valued at approximately $185,266.06. This trade 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. 0.17% of the stock is currently owned by corporate insiders.

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.