St. James Investment Company LLC Has $11.52 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

St. James Investment Company LLC reduced its position in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 3.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 148,467 shares of the specialty chemicals company's stock after selling 5,644 shares during the quarter. International Flavors & Fragrances comprises about 1.9% of St. James Investment Company LLC's investment portfolio, making the stock its 18th biggest position. St. James Investment Company LLC owned 0.06% of International Flavors & Fragrances worth $11,523,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of International Flavors & Fragrances during the 4th quarter worth about $32,000. Fairway Wealth LLC purchased a new stake in shares of International Flavors & Fragrances during the 4th quarter worth about $34,000. Rialto Wealth Management LLC purchased a new stake in shares of International Flavors & Fragrances during the 4th quarter worth about $42,000. Mather Group LLC. grew its holdings in shares of International Flavors & Fragrances by 179.9% during the 1st quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company's stock worth $51,000 after purchasing an additional 421 shares during the period. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in shares of International Flavors & Fragrances during the 1st quarter worth about $77,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

Insider Activity at International Flavors & Fragrances

In other news, Director Kevin O'byrne bought 4,500 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average price of $76.05 per share, with a total value of $342,225.00. Following the completion of the purchase, the director directly owned 7,696 shares of the company's stock, valued at $585,280.80. This represents a 140.80% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Hernandez Margarita Palau bought 850 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average cost of $77.42 per share, with a total value of $65,807.00. Following the purchase, the director directly owned 2,393 shares of the company's stock, valued at approximately $185,266.06. This represents a 55.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 22,050 shares of company stock valued at $1,688,512. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on IFF shares. Mizuho decreased 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. Citigroup upped their price target on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Oppenheimer decreased their price target on International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Barclays upgraded International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $76.00 to $84.00 in a report on Thursday, May 8th. Finally, Tigress Financial began coverage on International Flavors & Fragrances in a report on Wednesday, June 4th. They issued a "buy" rating and a $105.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $93.43.

International Flavors & Fragrances Stock Performance

NYSE IFF traded down $0.30 during trading hours on Thursday, hitting $76.33. The company had a trading volume of 838,249 shares, compared to its average volume of 1,531,271. 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 quick ratio of 1.39, a current ratio of 1.87 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $76.23 and a 200-day simple moving average of $79.37. The firm has a market cap of $19.52 billion, a P/E ratio of -23.34, a price-to-earnings-growth ratio of 3.41 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued 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 analyst estimates of $2.83 billion. During the same period last year, the company earned $1.13 earnings per share. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. Equities analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is -48.93%.

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.