Robeco Institutional Asset Management B.V. Sells 284,695 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Robeco Institutional Asset Management B.V. lessened its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 30.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 642,178 shares of the specialty chemicals company's stock after selling 284,695 shares during the period. Robeco Institutional Asset Management B.V. owned 0.25% of International Flavors & Fragrances worth $49,839,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Freemont Capital Pte Ltd bought a new position in International Flavors & Fragrances in the fourth quarter worth approximately $2,143,882,000. Norges Bank purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter worth $452,363,000. Dodge & Cox grew its position in shares of International Flavors & Fragrances by 11.9% during the 4th quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company's stock worth $2,658,063,000 after buying an additional 3,355,381 shares in the last quarter. Northern Trust Corp increased its stake in shares of International Flavors & Fragrances by 19.9% during the fourth quarter. Northern Trust Corp now owns 3,407,262 shares of the specialty chemicals company's stock valued at $288,084,000 after buying an additional 565,769 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of International Flavors & Fragrances by 6,831.5% in the first quarter. GAMMA Investing LLC now owns 556,464 shares of the specialty chemicals company's stock valued at $431,870,000 after acquiring an additional 548,436 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on IFF shares. Robert W. Baird dropped their target price on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Wells Fargo & Company dropped their price objective on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Tigress Financial began coverage on shares of International Flavors & Fragrances in a research note on Wednesday, June 4th. They issued a "buy" rating and a $105.00 price objective for the company. Mizuho lowered their target price on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, Barclays raised International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $76.00 to $84.00 in a research report on Thursday, May 8th. One 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.43.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $74.03 on Friday. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77. The company has a market cap of $18.94 billion, a PE ratio of -22.64, a P/E/G ratio of 3.30 and a beta of 1.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.87. The business has a 50-day simple moving average of $76.17 and a two-hundred day simple moving average of $79.73.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.08. The company had revenue of $2.84 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the business 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 announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's payout ratio is -48.93%.

Insider Buying and Selling

In other International Flavors & Fragrances news, Director Kevin O'byrne purchased 4,500 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were bought at an average price of $76.05 per share, for a total transaction of $342,225.00. Following the acquisition, the director now owns 7,696 shares in the company, valued at $585,280.80. This represents a 140.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO J Erik Fyrwald purchased 700 shares of International Flavors & Fragrances stock in a transaction on Thursday, May 8th. The shares were acquired at an average cost of $74.00 per share, with a total value of $51,800.00. Following the completion of the transaction, the chief executive officer now directly owns 37,770 shares in the company, valued at $2,794,980. The trade was a 1.89% 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 in the last 90 days. Insiders own 0.20% of the company's stock.

International Flavors & Fragrances 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.

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