Truist Financial Corp Has $7.91 Million Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Truist Financial Corp lessened its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 39.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 97,730 shares of the specialty chemicals company's stock after selling 64,235 shares during the period. Truist Financial Corp's holdings in International Flavors & Fragrances were worth $7,913,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC increased its stake in shares of International Flavors & Fragrances by 3,000.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company's stock valued at $25,000 after buying an additional 300 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in International Flavors & Fragrances during the 4th quarter worth about $41,000. Parkside Financial Bank & Trust lifted its position in International Flavors & Fragrances by 241.3% during the 3rd 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 during the period. Janiczek Wealth Management LLC boosted its stake in shares of International Flavors & Fragrances by 466.7% in the 4th 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 during the last quarter. Finally, Roble Belko & Company Inc acquired a new stake in shares of International Flavors & Fragrances during the 4th quarter worth approximately $89,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IFF has been the topic of a number of recent research reports. Barclays raised shares of International Flavors & Fragrances from an "underweight" rating to an "equal weight" rating in a research note on Thursday, April 18th. StockNews.com raised International Flavors & Fragrances from a "sell" rating to a "hold" rating in a research note on Monday, March 25th. Citigroup upgraded International Flavors & Fragrances from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $81.00 to $100.00 in a research report on Wednesday, April 10th. UBS Group lifted their price objective on shares of International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a "neutral" rating in a research note on Thursday, January 11th. Finally, Stifel Nicolaus lowered their target price on shares of International Flavors & Fragrances from $87.00 to $80.00 and set a "hold" rating for the company in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $86.35.

International Flavors & Fragrances Stock Down 0.2 %

Shares of NYSE:IFF traded down $0.17 during mid-day trading on Friday, reaching $86.64. 1,501,753 shares of the stock were exchanged, compared to its average volume of 1,358,243. The company has a market cap of $22.12 billion, a P/E ratio of -8.63, a P/E/G ratio of 1.94 and a beta of 1.21. The stock's 50 day simple moving average is $82.62 and its 200-day simple moving average is $78.78. 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.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the business earned $0.97 earnings per share. International Flavors & Fragrances's revenue was down 5.0% compared to the same quarter last year. As a group, equities research analysts predict that International Flavors & Fragrances Inc. will post 3.68 EPS for the current year.

International Flavors & Fragrances Announces Dividend

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

International Flavors & Fragrances 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.