Mn Services Vermogensbeheer B.V. Lowers Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Mn Services Vermogensbeheer B.V. lessened its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 7.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 92,451 shares of the specialty chemicals company's stock after selling 7,100 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in International Flavors & Fragrances were worth $7,175,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Truist Financial Corp raised its holdings in shares of International Flavors & Fragrances by 0.7% in the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company's stock worth $1,683,000 after buying an additional 129 shares during the period. Wahed Invest LLC increased its stake in International Flavors & Fragrances by 2.1% in the fourth quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company's stock worth $536,000 after purchasing an additional 130 shares during the period. United Community Bank increased its stake in 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 purchasing an additional 150 shares during the period. Commerce Bank increased its stake in International Flavors & Fragrances by 3.8% in the fourth quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company's stock worth $350,000 after purchasing an additional 152 shares during the period. Finally, Principal Securities Inc. increased its stake in International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company's stock worth $54,000 after buying an additional 171 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Stock Down 0.3%

Shares of International Flavors & Fragrances stock traded down $0.23 on Wednesday, reaching $74.80. The stock had a trading volume of 1,453,320 shares, compared to its average volume of 1,515,862. The company has a 50 day moving average price of $75.92 and a 200 day moving average price of $80.41. 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 stock has a market capitalization of $19.13 billion, a P/E ratio of -22.87, a P/E/G ratio of 3.34 and a beta of 1.05.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the business earned $1.13 EPS. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently declared 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 of this dividend is Friday, June 20th. This represents a $1.60 annualized dividend and a yield of 2.14%. International Flavors & Fragrances's payout ratio is presently -48.93%.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, EVP Stephen N. Landsman acquired 12,000 shares of the company's stock in a transaction dated Monday, May 19th. The shares were acquired at an average cost of $77.28 per share, with a total value of $927,360.00. Following the acquisition, the executive vice president now directly owns 12,000 shares of the company's stock, valued at approximately $927,360. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Beril Yildiz sold 2,400 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $77.33, for a total transaction of $185,592.00. Following the completion of the sale, the chief accounting officer now directly owns 3,321 shares in the company, valued at approximately $256,812.93. The trade was a 41.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 22,050 shares of company stock worth $1,688,512. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Citigroup raised their price target on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Bank of America reduced their target price on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Morgan Stanley reduced their price objective on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Tigress Financial started coverage on International Flavors & Fragrances in a report on Wednesday, June 4th. They set a "buy" rating and a $105.00 price objective on the stock. Finally, Oppenheimer cut their price target on International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $93.43.

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.