International Flavors & Fragrances Inc. (NYSE:IFF) Shares Purchased by abrdn plc

abrdn plc boosted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 21.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 284,797 shares of the specialty chemicals company's stock after purchasing an additional 50,367 shares during the period. abrdn plc owned about 0.11% of International Flavors & Fragrances worth $23,060,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC lifted its position in International Flavors & Fragrances by 3,000.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company's stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in International Flavors & Fragrances during the fourth quarter valued at $41,000. Parkside Financial Bank & Trust lifted its position in International Flavors & Fragrances by 241.3% during the third quarter. Parkside Financial Bank & Trust now owns 744 shares of the specialty chemicals company's stock valued at $51,000 after purchasing an additional 526 shares in the last quarter. Janiczek Wealth Management LLC lifted its position in International Flavors & Fragrances by 466.7% during the fourth quarter. Janiczek Wealth Management LLC now owns 918 shares of the specialty chemicals company's stock valued at $74,000 after purchasing an additional 756 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of International Flavors & Fragrances in the third quarter valued at about $103,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on IFF. Deutsche Bank Aktiengesellschaft boosted their price objective on International Flavors & Fragrances from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. Barclays upgraded International Flavors & Fragrances from an "underweight" rating to an "equal weight" rating in a research report on Thursday, April 18th. Citigroup upgraded International Flavors & Fragrances from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $81.00 to $100.00 in a research report on Wednesday, April 10th. Robert W. Baird boosted their price objective on International Flavors & Fragrances from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. Finally, Jefferies Financial Group raised International Flavors & Fragrances from a "hold" rating to a "buy" rating and lifted their target price for the stock from $73.00 to $112.00 in a report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $86.35.

International Flavors & Fragrances Trading Down 0.3 %

NYSE IFF traded down $0.29 during trading hours on Wednesday, hitting $85.14. 1,065,985 shares of the company were exchanged, compared to its average volume of 2,135,713. The stock has a 50-day moving average price of $81.92 and a 200 day moving average price of $77.89. 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 52 week low of $62.11 and a 52 week high of $97.49. The stock has a market cap of $21.74 billion, a PE ratio of -8.48, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its 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 negative net margin of 22.36% and a positive return on equity of 5.09%. The company's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 EPS. Analysts forecast that International Flavors & Fragrances Inc. will post 3.69 earnings per share for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.88%. 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.