International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 17.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,001 shares of the specialty chemicals company's stock after selling 23,210 shares during the quarter. Russell Investments Group Ltd.'s holdings in International Flavors & Fragrances were worth $8,998,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Alliance Wealth Advisors LLC UT increased its holdings in International Flavors & Fragrances by 3.2% in the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 4,840 shares of the specialty chemicals company's stock worth $330,000 after buying an additional 148 shares during the period. Federated Hermes Inc. grew its stake in shares of International Flavors & Fragrances by 9.7% during the 3rd quarter. Federated Hermes Inc. now owns 1,712 shares of the specialty chemicals company's stock worth $117,000 after purchasing an additional 152 shares during the period. IFG Advisory LLC grew its stake in shares of International Flavors & Fragrances by 4.0% during the 4th quarter. IFG Advisory LLC now owns 4,000 shares of the specialty chemicals company's stock worth $324,000 after purchasing an additional 155 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of International Flavors & Fragrances by 21.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 901 shares of the specialty chemicals company's stock worth $73,000 after purchasing an additional 157 shares during the period. Finally, Stratos Wealth Partners LTD. grew its stake in shares of International Flavors & Fragrances by 3.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 4,388 shares of the specialty chemicals company's stock worth $299,000 after purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on IFF shares. Jefferies Financial Group raised shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating and raised their price objective for the stock from $73.00 to $112.00 in a research note on Friday, January 12th. Mizuho increased their target price on International Flavors & Fragrances from $91.00 to $98.00 and gave the company a "neutral" rating in a research report on Tuesday. Citigroup upgraded International Flavors & Fragrances from a "neutral" rating to a "buy" rating and increased their target price for the company from $81.00 to $100.00 in a research report on Wednesday, April 10th. Argus lowered International Flavors & Fragrances from a "buy" rating to a "hold" rating in a research report on Friday, March 8th. Finally, UBS Group increased their target price on International Flavors & Fragrances from $78.00 to $82.00 and gave the company a "neutral" rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $87.65.

International Flavors & Fragrances Stock Up 6.5 %

Shares of IFF traded up $5.75 during midday trading on Tuesday, hitting $94.41. The company had a trading volume of 4,635,216 shares, compared to its average volume of 2,123,766. The company's 50-day simple moving average is $82.84 and its 200-day simple moving average is $79.10. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67. The firm has a market capitalization of $24.10 billion, a P/E ratio of -9.40, a P/E/G ratio of 1.94 and a beta of 1.21. International Flavors & Fragrances Inc. has a 1 year low of $62.11 and a 1 year high of $97.49.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.27. The business had revenue of $2.90 billion during the quarter, compared to analysts' expectations of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The business's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. As a group, sell-side analysts expect that International Flavors & Fragrances Inc. will post 3.68 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business 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 $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, June 21st. International Flavors & Fragrances's payout ratio is presently -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.