USS Investment Management Ltd Has $3.85 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

USS Investment Management Ltd trimmed its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 33.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,579 shares of the specialty chemicals company's stock after selling 22,550 shares during the period. USS Investment Management Ltd's holdings in International Flavors & Fragrances were worth $3,854,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in IFF. SBI Securities Co. Ltd. bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $32,000. Fairway Wealth LLC acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $34,000. Rialto Wealth Management LLC acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $42,000. Principal Securities Inc. grew its position in shares of International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock valued at $54,000 after purchasing an additional 171 shares during the period. Finally, United Community Bank lifted its stake in shares of International Flavors & Fragrances by 19.4% in the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock worth $78,000 after buying an additional 150 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IFF. Robert W. Baird decreased their price objective on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. decreased their price objective on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. 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. Morgan Stanley reduced 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 report on Tuesday, May 13th. Finally, UBS Group increased their target price on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $92.54.

Insiders Place Their Bets

In related news, CEO J Erik Fyrwald purchased 700 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was acquired at an average price of $74.00 per share, with a total value of $51,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 37,770 shares in the company, valued at approximately $2,794,980. This trade represents a 1.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Beril Yildiz sold 2,400 shares of International Flavors & Fragrances stock in a transaction on Monday, May 19th. The stock was sold at an average price of $77.33, for a total transaction of $185,592.00. Following the transaction, the chief accounting officer now directly owns 3,321 shares in the company, valued at approximately $256,812.93. This represents a 41.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 28,550 shares of company stock valued at $2,211,372. 0.20% of the stock is currently owned by insiders.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock traded up $0.37 on Thursday, reaching $75.51. 269,097 shares of the stock were exchanged, compared to its average volume of 1,520,494. The stock has a market cap of $19.31 billion, a PE ratio of 80.25, a PEG ratio of 1.45 and a beta of 1.08. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances Inc. has a twelve month low of $65.85 and a twelve month high of $106.77. The firm has a fifty day moving average price of $75.31 and a two-hundred day moving average price of $81.70.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its 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. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter last year, the company earned $1.13 earnings per share. The firm's revenue was down 1.9% on a year-over-year basis. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, June 20th. This represents a $1.60 annualized dividend and a yield of 2.12%. International Flavors & Fragrances's dividend payout ratio is -48.93%.

About International Flavors & Fragrances

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.