First Pacific Advisors LP Has $315.26 Million Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

First Pacific Advisors LP increased its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 0.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,062,075 shares of the specialty chemicals company's stock after purchasing an additional 32,302 shares during the period. International Flavors & Fragrances accounts for about 5.1% of First Pacific Advisors LP's holdings, making the stock its 7th biggest position. First Pacific Advisors LP owned about 1.59% of International Flavors & Fragrances worth $315,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of IFF. Oak Thistle LLC boosted its position in International Flavors & Fragrances by 7.7% during the 1st quarter. Oak Thistle LLC now owns 8,231 shares of the specialty chemicals company's stock worth $639,000 after purchasing an additional 588 shares during the period. KLP Kapitalforvaltning AS grew its position in shares of International Flavors & Fragrances by 2.5% during the 1st quarter. KLP Kapitalforvaltning AS now owns 86,777 shares of the specialty chemicals company's stock valued at $6,764,000 after buying an additional 2,100 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of International Flavors & Fragrances by 1.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 81,577 shares of the specialty chemicals company's stock valued at $6,331,000 after buying an additional 793 shares during the last quarter. BKM Wealth Management LLC increased its stake in shares of International Flavors & Fragrances by 25.3% in the first quarter. BKM Wealth Management LLC now owns 5,141 shares of the specialty chemicals company's stock valued at $399,000 after purchasing an additional 1,039 shares during the period. Finally, Kestra Private Wealth Services LLC increased its stake in shares of International Flavors & Fragrances by 15.0% in the first quarter. Kestra Private Wealth Services LLC now owns 7,591 shares of the specialty chemicals company's stock valued at $589,000 after purchasing an additional 990 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IFF. Stifel Nicolaus decreased their price objective on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Morgan Stanley lowered their target price on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Tigress Financial began coverage on shares of International Flavors & Fragrances in a research report on Wednesday, June 4th. They set a "buy" rating and a $105.00 target price on the stock. Mizuho dropped 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 research note on Tuesday, April 15th. Finally, UBS Group boosted their price target 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, International Flavors & Fragrances has an average rating of "Moderate Buy" and a consensus target price of $93.43.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Hernandez Margarita Palau bought 850 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was bought at an average cost of $77.42 per share, with a total value of $65,807.00. Following the completion of the transaction, the director directly owned 2,393 shares in the company, valued at approximately $185,266.06. The trade was a 55.09% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Beril Yildiz sold 2,400 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $77.33, for a total transaction of $185,592.00. Following the completion of the transaction, the chief accounting officer owned 3,321 shares in the company, valued at approximately $256,812.93. The trade was a 41.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 22,050 shares of company stock worth $1,688,512. 0.17% of the stock is currently owned by insiders.

International Flavors & Fragrances Stock Down 1.8%

International Flavors & Fragrances stock traded down $1.42 during midday trading on Monday, hitting $75.22. The stock had a trading volume of 609,043 shares, compared to its average volume of 1,701,926. International Flavors & Fragrances Inc. has a 12 month low of $65.85 and a 12 month high of $106.77. The stock has a market cap of $19.24 billion, a P/E ratio of -23.01, a P/E/G ratio of 3.39 and a beta of 1.04. The business has a fifty day moving average price of $75.97 and a 200 day moving average price of $78.30. The company has a current ratio of 1.87, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) 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 business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company earned $1.13 earnings per share. International Flavors & Fragrances's quarterly revenue was down 1.9% compared to the same quarter last year. Research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 20th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Friday, June 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -48.93%.

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.