Kintegral Advisory LLC Sells 3,973 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Kintegral Advisory LLC cut its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 32.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,105 shares of the specialty chemicals company's stock after selling 3,973 shares during the quarter. Kintegral Advisory LLC's holdings in International Flavors & Fragrances were worth $632,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IFF. Allspring Global Investments Holdings LLC raised its holdings in shares of International Flavors & Fragrances by 11.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 84,265 shares of the specialty chemicals company's stock valued at $6,525,000 after purchasing an additional 8,490 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of International Flavors & Fragrances in the 1st quarter valued at about $1,271,000. Proficio Capital Partners LLC bought a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at about $8,099,000. Cibc World Markets Corp raised its holdings in shares of International Flavors & Fragrances by 299.1% in the 4th quarter. Cibc World Markets Corp now owns 138,522 shares of the specialty chemicals company's stock valued at $11,712,000 after purchasing an additional 103,810 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of International Flavors & Fragrances by 23.6% in the 4th 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. 96.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley dropped 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. Citigroup increased their price target on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Oppenheimer lowered their price target on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. UBS Group increased their price target on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Tigress Financial started coverage on shares of International Flavors & Fragrances in a report on Wednesday, June 4th. They issued a "buy" rating and a $105.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $93.43.

Insiders Place Their Bets

In related news, Director Hernandez Margarita Palau acquired 850 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average price of $77.42 per share, with a total value of $65,807.00. Following the purchase, the director directly 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin O'byrne acquired 4,500 shares of the company's stock in a transaction that occurred 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 purchase, the director owned 7,696 shares in the company, valued at $585,280.80. The trade was a 140.80% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 22,050 shares of company stock worth $1,688,512 over the last 90 days. Insiders own 0.20% of the company's stock.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $76.33 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $19.52 billion, a price-to-earnings ratio of -23.34, a P/E/G ratio of 3.39 and a beta of 1.04. The firm's 50 day simple moving average is $76.23 and its 200 day simple moving average is $79.23. International Flavors & Fragrances Inc. has a 1 year low of $65.85 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 7.31% and a positive return on equity of 7.99%. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the business posted $1.13 EPS. As a group, research 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.10%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's payout ratio is -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.

Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Flavors & Fragrances Inc. (NYSE:IFF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.