Mn Services Vermogensbeheer B.V. Cuts Holdings 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 the company in its most recent filing with the Securities and Exchange Commission. The fund 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 reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IFF. SBI Securities Co. Ltd. acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter worth $32,000. Fairway Wealth LLC purchased a new stake in International Flavors & Fragrances in the fourth quarter valued at $34,000. Rialto Wealth Management LLC purchased a new stake in International Flavors & Fragrances in the fourth quarter valued at $42,000. Principal Securities Inc. grew its position in 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 purchasing an additional 171 shares during the period. Finally, United Community Bank raised its stake in shares of International Flavors & Fragrances by 19.4% during the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock valued at $78,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Price Performance

IFF traded down $0.71 on Friday, hitting $73.78. 3,542,621 shares of the company's stock were exchanged, compared to its average volume of 1,524,363. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77. The stock has a market cap of $18.87 billion, a price-to-earnings ratio of -22.56, a P/E/G ratio of 3.33 and a beta of 1.05. The firm has a 50-day moving average price of $76.03 and a 200-day moving average price of $80.26. The company has a current ratio of 1.87, a quick ratio of 1.39 and a debt-to-equity ratio of 0.58.

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, beating analysts' consensus estimates 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 negative net margin of 7.31% and a positive return on equity of 7.99%. International Flavors & Fragrances's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 EPS. As a group, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share 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. Stockholders of record on Friday, June 20th will be given 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 dividend yield of 2.17%. International Flavors & Fragrances's payout ratio is -48.93%.

Analyst Ratings Changes

IFF has been the subject of several recent research reports. Cfra cut International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target for the company. in a research report on Thursday, February 20th. Wells Fargo & Company decreased their target price 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. Tigress Financial assumed coverage on shares of International Flavors & Fragrances in a research report on Wednesday, June 4th. They set a "buy" rating and a $105.00 price target on the stock. Stifel Nicolaus decreased their price objective on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Robert W. Baird dropped their target price on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $93.43.

Insider Activity at International Flavors & Fragrances

In other news, CEO J Erik Fyrwald bought 700 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were bought at an average cost of $74.00 per share, for a total transaction of $51,800.00. Following the acquisition, the chief executive officer now directly owns 37,770 shares of the company's stock, valued at $2,794,980. This trade represents a 1.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephen N. Landsman purchased 12,000 shares of International Flavors & Fragrances stock in a transaction dated Monday, May 19th. The shares were purchased at an average cost of $77.28 per share, for a total transaction of $927,360.00. Following the transaction, the executive vice president now 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. Over the last quarter, insiders bought 22,050 shares of company stock valued at $1,688,512. 0.20% of the stock is owned by company 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.