Universal Beteiligungs und Servicegesellschaft mbH Sells 16,093 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has reduced its holdings in International Flavors & Fragrances Inc. by 11.5%, resulting in 123,696 shares valued at approximately $9.6 million as of the most recent quarter.
• International Flavors & Fragrances reported Q2 earnings of $1.20 per share, exceeding expectations, with a revenue of $2.84 billion, despite a year-over-year decline of 1.9%.
• The company's dividend payout was recently disclosed at $0.40 per share, representing an annualized dividend yield of 2.09%, with a payout ratio of -48.93%.

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 11.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,696 shares of the specialty chemicals company's stock after selling 16,093 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in International Flavors & Fragrances were worth $9,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky raised its position in shares of International Flavors & Fragrances by 1.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 81,577 shares of the specialty chemicals company's stock worth $6,331,000 after buying an additional 793 shares in the last quarter. BKM Wealth Management LLC raised its position in shares of International Flavors & Fragrances by 25.3% during the 1st quarter. BKM Wealth Management LLC now owns 5,141 shares of the specialty chemicals company's stock worth $399,000 after buying an additional 1,039 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in shares of International Flavors & Fragrances by 15.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 7,591 shares of the specialty chemicals company's stock worth $589,000 after buying an additional 990 shares in the last quarter. Forum Financial Management LP raised its position in shares of International Flavors & Fragrances by 6.3% during the 1st quarter. Forum Financial Management LP now owns 4,154 shares of the specialty chemicals company's stock worth $322,000 after buying an additional 247 shares in the last quarter. Finally, Easterly Investment Partners LLC raised its position in shares of International Flavors & Fragrances by 557.2% during the 1st quarter. Easterly Investment Partners LLC now owns 82,149 shares of the specialty chemicals company's stock worth $6,376,000 after buying an additional 69,649 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Stock Down 0.8%

IFF traded down $0.58 during trading on Tuesday, reaching $74.65. The company had a trading volume of 298,340 shares, compared to its average volume of 1,700,362. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.87 and a quick ratio of 1.39. International Flavors & Fragrances Inc. has a 12 month low of $65.85 and a 12 month high of $106.77. The business's fifty day moving average price is $75.93 and its 200 day moving average price is $78.26. The company has a market cap of $19.09 billion, a P/E ratio of -22.83, a PEG ratio of 3.39 and a beta of 1.04.

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 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.08. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 7.31% and a positive return on equity of 7.99%. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 earnings per share. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 20th were paid a $0.40 dividend. The ex-dividend date was Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.14%. International Flavors & Fragrances's dividend payout ratio is -48.93%.

Insider Transactions at International Flavors & Fragrances

In other news, Director Mehmood Khan purchased 4,000 shares of the company's stock in a transaction on Thursday, May 15th. The shares were purchased at an average cost of $75.33 per share, with a total value of $301,320.00. Following the completion of the transaction, the director owned 4,604 shares of the company's stock, valued at $346,819.32. The trade was a 662.25% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin O'byrne purchased 4,500 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were purchased at an average cost of $76.05 per share, for a total transaction of $342,225.00. Following the completion of the transaction, the director directly owned 7,696 shares of the company's stock, valued at approximately $585,280.80. This represents a 140.80% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 22,050 shares of company stock valued at $1,688,512. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

IFF has been the topic of a number of research reports. Tigress Financial initiated coverage on shares of International Flavors & Fragrances in a report on Wednesday, June 4th. They issued a "buy" rating and a $105.00 target price on the stock. Morgan Stanley dropped their target price on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Citigroup boosted their target price on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Barclays upgraded shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $76.00 to $84.00 in a report on Thursday, May 8th. Finally, Robert W. Baird cut their price target 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. 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's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $93.43.

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.