International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Woodline Partners LP

Woodline Partners LP lowered its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 28.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,484 shares of the specialty chemicals company's stock after selling 37,960 shares during the period. Woodline Partners LP's holdings in International Flavors & Fragrances were worth $8,158,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. increased its position in International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company's stock valued at $123,000 after purchasing an additional 119 shares during the period. Truist Financial Corp increased its holdings in International Flavors & Fragrances by 0.7% during the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company's stock valued at $1,683,000 after buying an additional 129 shares during the period. Wahed Invest LLC raised its stake in International Flavors & Fragrances by 2.1% in the fourth quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company's stock worth $536,000 after buying an additional 130 shares in the last quarter. United Community Bank lifted its holdings in International Flavors & Fragrances by 19.4% during the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock worth $78,000 after buying an additional 150 shares during the period. Finally, Commerce Bank boosted its position in International Flavors & Fragrances by 3.8% during the 4th quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company's stock valued at $350,000 after acquiring an additional 152 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne bought 6,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares of the company's stock, valued at approximately $522,860. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Hernandez Margarita Palau purchased 850 shares of the business's stock in a transaction on Monday, May 19th. The shares were bought at an average cost of $77.42 per share, for a total transaction of $65,807.00. Following the completion of the transaction, the director now directly owns 2,393 shares in the company, valued at $185,266.06. This trade represents a 55.09% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 28,550 shares of company stock worth $2,211,372 over the last quarter. Insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IFF. Stifel Nicolaus reduced their price target on International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Morgan Stanley reduced their target price on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Cfra cut shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price target on the stock. in a report on Thursday, February 20th. JPMorgan Chase & Co. cut their price objective on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. Finally, Wells Fargo & Company reduced their price objective on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $92.54.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock traded down $0.69 during mid-day trading on Monday, reaching $75.03. 1,402,520 shares of the company traded hands, compared to its average volume of 1,525,648. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77. The firm's fifty day moving average is $75.52 and its two-hundred day moving average is $81.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The company has a market capitalization of $19.19 billion, a price-to-earnings ratio of 79.82, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its earnings results 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 return on equity of 7.72% and a net margin of 2.12%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the firm earned $1.13 EPS. The firm's revenue was down 1.9% on a year-over-year basis. On average, equities research analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend 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.