Robeco Institutional Asset Management B.V. Trims Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Robeco Institutional Asset Management B.V. decreased its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 30.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 642,178 shares of the specialty chemicals company's stock after selling 284,695 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.25% of International Flavors & Fragrances worth $49,839,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IFF. Manning & Napier Advisors LLC purchased a new stake in International Flavors & Fragrances in the 1st quarter worth approximately $1,271,000. Proficio Capital Partners LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $8,099,000. Cibc World Markets Corp boosted its holdings in 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 buying an additional 103,810 shares in the last quarter. Royal Bank of Canada grew its position in 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 buying an additional 68,970 shares during the period. Finally, Chicago Capital LLC purchased a new position in International Flavors & Fragrances in the first quarter valued at $688,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IFF has been the topic of several recent analyst reports. UBS Group increased their target price on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Stifel Nicolaus lowered their price target on International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Citigroup boosted their price objective on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Tigress Financial began coverage on International Flavors & Fragrances in a research note on Wednesday, June 4th. They set a "buy" rating and a $105.00 target price for the company. Finally, Barclays raised shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $76.00 to $84.00 in a research note on Thursday, May 8th. One equities 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.com, International Flavors & Fragrances currently has an average rating of "Moderate Buy" and an average price target of $93.43.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock traded down $0.75 during trading hours on Monday, reaching $73.60. 2,629,627 shares of the company's stock were exchanged, compared to its average volume of 1,521,548. The business has a fifty day moving average of $76.21 and a two-hundred day moving average of $79.42. The company has a market capitalization of $18.83 billion, a P/E ratio of -22.51, a price-to-earnings-growth ratio of 3.31 and a beta of 1.05. 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.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a negative net margin of 7.31% and a positive return on equity of 7.99%. The company had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the prior year, the company earned $1.13 EPS. International Flavors & Fragrances's revenue was down 1.9% compared to the same quarter last year. As a group, research analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal 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%.

Insider Buying and Selling

In related news, Director Hernandez Margarita Palau purchased 850 shares of International Flavors & Fragrances stock in a transaction dated Monday, May 19th. The shares were acquired at an average price of $77.42 per share, for a total transaction of $65,807.00. Following the acquisition, the director directly owned 2,393 shares in the company, valued at approximately $185,266.06. The trade was a 55.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mehmood Khan acquired 4,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was purchased at an average cost of $75.33 per share, with a total value of $301,320.00. Following the acquisition, the director directly owned 4,604 shares of the company's stock, valued at $346,819.32. This trade represents a 662.25% increase in their position. 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.

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.