International Flavors & Fragrances Inc. (NYSE:IFF) Position Lessened by Impax Asset Management Group plc

Impax Asset Management Group plc trimmed its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,594,882 shares of the specialty chemicals company's stock after selling 173,567 shares during the period. Impax Asset Management Group plc owned about 0.62% of International Flavors & Fragrances worth $129,138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. SVB Wealth LLC increased its position in International Flavors & Fragrances by 4.0% during the first quarter. SVB Wealth LLC now owns 2,077 shares of the specialty chemicals company's stock worth $273,000 after buying an additional 79 shares during the last quarter. Covestor Ltd increased its position in International Flavors & Fragrances by 48.8% during the first quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company's stock worth $32,000 after buying an additional 80 shares during the last quarter. Raymond James Trust N.A. increased its position in International Flavors & Fragrances by 2.4% during the first quarter. Raymond James Trust N.A. now owns 3,792 shares of the specialty chemicals company's stock worth $498,000 after buying an additional 90 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in International Flavors & Fragrances by 0.5% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,638 shares of the specialty chemicals company's stock worth $2,583,000 after buying an additional 120 shares during the last quarter. Finally, BSW Wealth Partners increased its position in International Flavors & Fragrances by 3.3% during the first quarter. BSW Wealth Partners now owns 4,226 shares of the specialty chemicals company's stock worth $389,000 after buying an additional 135 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IFF has been the topic of several analyst reports. Barclays increased their target price on shares of International Flavors & Fragrances from $64.00 to $69.00 and gave the stock an "underweight" rating in a research report on Friday, January 12th. Argus downgraded International Flavors & Fragrances from a "buy" rating to a "hold" rating in a research report on Friday, March 8th. Morgan Stanley raised their price target on International Flavors & Fragrances from $89.00 to $96.00 and gave the company an "overweight" rating in a research report on Wednesday, March 27th. Wolfe Research began coverage on International Flavors & Fragrances in a research report on Friday, March 1st. They issued an "underperform" rating on the stock. Finally, StockNews.com raised International Flavors & Fragrances from a "sell" rating to a "hold" rating in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of "Hold" and a consensus target price of $84.88.

International Flavors & Fragrances Trading Up 1.5 %

IFF traded up $1.29 during midday trading on Tuesday, reaching $86.38. 950,129 shares of the company's stock were exchanged, compared to its average volume of 2,275,365. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. International Flavors & Fragrances Inc. has a one year low of $62.11 and a one year high of $97.49. The business has a 50-day simple moving average of $81.02 and a two-hundred day simple moving average of $76.44.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.03). The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.70 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 EPS. Research analysts predict that International Flavors & Fragrances Inc. will post 3.69 EPS for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Thursday, March 21st. International Flavors & Fragrances's dividend payout ratio is -15.94%.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.

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