Free Trial

Price T Rowe Associates Inc. MD Raises Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

International Flavors & Fragrances logo with Consumer Staples background

Price T Rowe Associates Inc. MD raised its stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 19.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,733,402 shares of the specialty chemicals company's stock after purchasing an additional 280,069 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.68% of International Flavors & Fragrances worth $140,355,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in shares of International Flavors & Fragrances by 3.9% during the fourth quarter. Parallel Advisors LLC now owns 3,679 shares of the specialty chemicals company's stock valued at $298,000 after acquiring an additional 138 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of International Flavors & Fragrances by 9.7% during the third quarter. Federated Hermes Inc. now owns 1,712 shares of the specialty chemicals company's stock valued at $117,000 after acquiring an additional 152 shares in the last quarter. IFG Advisory LLC raised its holdings in shares of International Flavors & Fragrances by 4.0% during the fourth quarter. IFG Advisory LLC now owns 4,000 shares of the specialty chemicals company's stock valued at $324,000 after acquiring an additional 155 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of International Flavors & Fragrances by 21.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 901 shares of the specialty chemicals company's stock valued at $73,000 after acquiring an additional 157 shares in the last quarter. Finally, Delta Asset Management LLC TN raised its holdings in shares of International Flavors & Fragrances by 5.5% during the fourth quarter. Delta Asset Management LLC TN now owns 3,850 shares of the specialty chemicals company's stock valued at $312,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 96.02% of the company's stock.


International Flavors & Fragrances Stock Performance

IFF stock traded down $0.52 during trading on Friday, reaching $94.54. The stock had a trading volume of 1,569,220 shares, compared to its average volume of 1,987,357. International Flavors & Fragrances Inc. has a 52 week low of $62.11 and a 52 week high of $99.91. The stock's 50 day moving average is $91.50 and its two-hundred day moving average is $84.02. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The firm has a market cap of $24.14 billion, a PE ratio of -9.68, a PEG ratio of 1.96 and a beta of 1.26.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.86 by $0.27. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter last year, the company earned $0.87 earnings per share. The business's revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that International Flavors & Fragrances Inc. will post 3.86 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

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 is Friday, June 21st. International Flavors & Fragrances's dividend payout ratio (DPR) is currently -16.38%.

Insider Transactions at International Flavors & Fragrances

In other news, insider Angela Strzelecki sold 2,588 shares of the firm's stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $95.66, for a total value of $247,568.08. Following the transaction, the insider now owns 8,539 shares of the company's stock, valued at $816,840.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on IFF shares. Oppenheimer assumed coverage on International Flavors & Fragrances in a report on Friday, June 7th. They set an "outperform" rating and a $116.00 target price for the company. Mizuho upped their price target on International Flavors & Fragrances from $91.00 to $98.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 7th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $100.00 price target on shares of International Flavors & Fragrances in a research note on Tuesday, May 21st. Bank of America upped their price target on International Flavors & Fragrances from $87.00 to $99.00 and gave the stock a "neutral" rating in a research note on Friday, May 10th. Finally, Argus cut International Flavors & Fragrances from a "buy" rating to a "hold" rating in a research note on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $95.61.

Get Our Latest Stock Report on International Flavors & Fragrances

International Flavors & Fragrances Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for International Flavors & Fragrances (NYSE:IFF)

→ $5k to $1.3m in just 3 trades (From Insiders Exposed) (Ad)

Should you invest $1,000 in International Flavors & Fragrances right now?

Before you consider International Flavors & Fragrances, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Flavors & Fragrances wasn't on the list.

While International Flavors & Fragrances currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for July 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

CPI News Breakdown: Key Market Moves to Follow
Understanding Oversold Stocks
Inside Pelosi’s Latest Stock Moves

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines