MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $84,000 Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 96.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,088 shares of the specialty chemicals company's stock after selling 26,808 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in International Flavors & Fragrances were worth $84,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in International Flavors & Fragrances during the 4th quarter worth approximately $32,000. Fairway Wealth LLC bought a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at $34,000. Rialto Wealth Management LLC bought a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at $42,000. Principal Securities Inc. increased its stake in shares of International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock valued at $54,000 after acquiring an additional 171 shares in the last quarter. Finally, United Community Bank increased its stake in shares of International Flavors & Fragrances by 19.4% in the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock valued at $78,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $76.05 on Monday. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The business has a fifty day moving average price of $75.68 and a 200-day moving average price of $80.55. The company has a market capitalization of $19.45 billion, a PE ratio of 80.90, a PEG ratio of 1.45 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.12 by $0.08. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. International Flavors & Fragrances's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the company earned $1.13 EPS. As a group, equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS 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. Shareholders of record on Friday, June 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's payout ratio is -48.93%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on IFF shares. Wells Fargo & Company lowered 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. Mizuho decreased their price target 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. JPMorgan Chase & Co. decreased their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Morgan Stanley decreased their price target on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Finally, UBS Group boosted their price target on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. One equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $93.43.

Insiders Place Their Bets

In other news, Director Kevin O'byrne bought 4,500 shares of the stock in a transaction on Thursday, May 22nd. The stock was acquired at an average cost of $76.05 per share, for a total transaction of $342,225.00. Following the acquisition, the director now owns 7,696 shares of the company's stock, valued at $585,280.80. This represents a 140.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen N. Landsman bought 12,000 shares of the stock in a transaction on Monday, May 19th. The stock was purchased at an average price of $77.28 per share, with a total value of $927,360.00. Following the completion of the acquisition, the executive vice president now directly owns 12,000 shares in the company, valued at approximately $927,360. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 22,050 shares of company stock valued at $1,688,512 in the last quarter. 0.20% of the stock is currently owned by insiders.

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.

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