Asset Management One Co. Ltd. Has $10.03 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Asset Management One Co. Ltd. lifted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,255 shares of the specialty chemicals company's stock after acquiring an additional 5,624 shares during the period. Asset Management One Co. Ltd. owned approximately 0.05% of International Flavors & Fragrances worth $10,031,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IFF. Principal Securities Inc. lifted its holdings in shares of International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock worth $54,000 after acquiring an additional 171 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of International Flavors & Fragrances by 18.8% during the 4th quarter. Sanctuary Advisors LLC now owns 7,867 shares of the specialty chemicals company's stock worth $690,000 after acquiring an additional 1,246 shares during the period. Truist Financial Corp lifted its holdings in shares of International Flavors & Fragrances by 0.7% during the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company's stock worth $1,683,000 after acquiring an additional 129 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of International Flavors & Fragrances by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,879,317 shares of the specialty chemicals company's stock worth $158,896,000 after acquiring an additional 17,372 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in shares of International Flavors & Fragrances by 1.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 99,551 shares of the specialty chemicals company's stock worth $8,417,000 after acquiring an additional 1,700 shares during the period. Institutional investors own 96.02% of the company's stock.

Insider Transactions at International Flavors & Fragrances

In other news, EVP Stephen N. Landsman acquired 12,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was bought at an average cost of $77.28 per share, for a total transaction of $927,360.00. Following the completion of the transaction, the executive vice president now directly owns 12,000 shares in the company, valued at $927,360. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO J Erik Fyrwald acquired 700 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were purchased at an average price of $74.00 per share, with a total value of $51,800.00. Following the completion of the transaction, the chief executive officer now owns 37,770 shares of the company's stock, valued at $2,794,980. This trade represents a 1.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 22,050 shares of company stock worth $1,688,512 over the last three months. 0.20% of the stock is owned by company insiders.

International Flavors & Fragrances Trading Up 0.7%

NYSE IFF traded up $0.52 on Friday, hitting $74.44. The company's stock had a trading volume of 1,806,862 shares, compared to its average volume of 1,517,396. The company has a quick ratio of 1.39, a current ratio of 1.87 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77. The company's 50-day moving average is $76.17 and its 200 day moving average is $79.73. The firm has a market cap of $19.04 billion, a PE ratio of -22.77, a PEG ratio of 3.30 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the prior year, the company posted $1.13 EPS. The company's revenue was down 1.9% on a year-over-year basis. As a group, analysts predict 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 disclosed 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. This represents a $1.60 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -48.93%.

Analyst Ratings Changes

A number of analysts have recently weighed in on IFF shares. Citigroup upped 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. Oppenheimer dropped their price objective on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Mizuho dropped their price objective 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. Wells Fargo & Company dropped their price objective on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Finally, Barclays raised shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $76.00 to $84.00 in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.