Asset Management One Co. Ltd. Grows Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Asset Management One Co. Ltd. boosted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 4.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,255 shares of the specialty chemicals company's stock after purchasing an additional 5,624 shares during the period. Asset Management One Co. Ltd. owned about 0.05% of International Flavors & Fragrances worth $10,031,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC bought a new stake in shares of International Flavors & Fragrances during the 1st quarter worth approximately $1,271,000. Proficio Capital Partners LLC purchased a new stake in International Flavors & Fragrances in the fourth quarter worth $8,099,000. Cibc World Markets Corp lifted its position in shares of International Flavors & Fragrances by 299.1% during the fourth quarter. Cibc World Markets Corp now owns 138,522 shares of the specialty chemicals company's stock worth $11,712,000 after purchasing an additional 103,810 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of International Flavors & Fragrances by 23.6% during the fourth quarter. Royal Bank of Canada now owns 361,073 shares of the specialty chemicals company's stock valued at $30,529,000 after purchasing an additional 68,970 shares during the period. Finally, Chicago Capital LLC bought a new position in shares of International Flavors & Fragrances in the first quarter worth about $688,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Mehmood Khan bought 4,000 shares of International Flavors & Fragrances stock in a transaction on Thursday, May 15th. The shares were bought at an average cost of $75.33 per share, with a total value of $301,320.00. Following the completion of the purchase, the director directly owned 4,604 shares of the company's stock, valued at approximately $346,819.32. This trade represents a 662.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Hernandez Margarita Palau purchased 850 shares of the company's stock in a transaction dated Monday, May 19th. The stock was purchased at an average cost of $77.42 per share, with a total value of $65,807.00. Following the purchase, the director owned 2,393 shares in the company, 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 bought 22,050 shares of company stock worth $1,688,512 over the last quarter. Corporate insiders own 0.17% of the company's stock.

Analysts Set New Price Targets

IFF has been the topic of a number of research analyst reports. Robert W. Baird dropped their target price on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Morgan Stanley lowered their price target on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company reduced their price objective on International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Mizuho lowered their target price on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, Stifel Nicolaus reduced their price target 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, International Flavors & Fragrances has a consensus rating of "Moderate Buy" and a consensus price target of $93.43.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock traded down $0.75 during midday trading on Monday, reaching $73.60. The company had a trading volume of 2,629,627 shares, compared to its average volume of 1,521,548. International Flavors & Fragrances Inc. has a 12-month low of $65.85 and a 12-month high of $106.77. The firm's fifty day simple moving average is $76.21 and its 200-day simple moving average is $79.42. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.87 and a quick ratio of 1.39. The company has a market capitalization of $18.83 billion, a P/E ratio of -22.51, a P/E/G ratio of 3.31 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, beating 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 firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the company earned $1.13 EPS. The firm's revenue was down 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business 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. This represents a $1.60 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is currently -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.