Victory Capital Management Inc. Has $11.54 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Victory Capital Management Inc. grew its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 27.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,671 shares of the specialty chemicals company's stock after acquiring an additional 32,252 shares during the period. Victory Capital Management Inc. owned about 0.06% of International Flavors & Fragrances worth $11,538,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Freemont Capital Pte Ltd acquired a new position in shares of International Flavors & Fragrances during the fourth quarter worth $2,143,882,000. Norges Bank acquired a new position in shares of International Flavors & Fragrances during the fourth quarter worth $452,363,000. Dodge & Cox lifted its position in International Flavors & Fragrances by 11.9% in the fourth quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company's stock valued at $2,658,063,000 after acquiring an additional 3,355,381 shares during the last quarter. Northern Trust Corp lifted its position in International Flavors & Fragrances by 19.9% in 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 acquiring an additional 565,769 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in 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 during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Mehmood Khan bought 4,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were acquired at an average cost of $75.33 per share, for a total transaction 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kevin O'byrne bought 4,500 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was 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 owned 7,696 shares of the company's stock, valued at $585,280.80. This represents a 140.80% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 22,050 shares of company stock worth $1,688,512 in the last three months. Insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Tigress Financial assumed coverage on shares of International Flavors & Fragrances in a research report on Wednesday, June 4th. They issued a "buy" rating and a $105.00 price target for the company. Wells Fargo & Company reduced their price target on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Robert W. Baird reduced their price target on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Mizuho reduced their target price on shares of 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, Citigroup upped their target price on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $93.43.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF traded up $0.80 during midday trading on Friday, hitting $76.68. The company's stock had a trading volume of 1,454,271 shares, compared to its average volume of 1,543,740. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77. The firm's fifty day moving average price is $75.97 and its 200-day moving average price is $78.32. 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 firm has a market cap of $19.62 billion, a P/E ratio of -23.45, a P/E/G ratio of 3.39 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.08. The firm had revenue of $2.84 billion during 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%. International Flavors & Fragrances's revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.13 EPS. On average, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 20th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. 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.