International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Peoples Bank KS

Peoples Bank KS lessened its holdings in International Flavors & Fragrances Inc. (NYSE:IFFFree Report) by 3.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 9,844 shares of the specialty chemicals company’s stock after selling 400 shares during the period. Peoples Bank KS’s holdings in International Flavors & Fragrances were worth $846,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Van ECK Associates Corp lifted its stake in International Flavors & Fragrances by 12.9% during the 4th quarter. Van ECK Associates Corp now owns 4,434,301 shares of the specialty chemicals company’s stock worth $359,045,000 after acquiring an additional 507,193 shares in the last quarter. First Pacific Advisors LP lifted its stake in International Flavors & Fragrances by 2.2% during the 4th quarter. First Pacific Advisors LP now owns 3,980,310 shares of the specialty chemicals company’s stock worth $322,286,000 after acquiring an additional 87,183 shares in the last quarter. Northern Trust Corp lifted its stake in International Flavors & Fragrances by 6.1% during the 3rd quarter. Northern Trust Corp now owns 3,119,754 shares of the specialty chemicals company’s stock worth $212,674,000 after acquiring an additional 179,894 shares in the last quarter. Capital International Investors lifted its stake in International Flavors & Fragrances by 1.4% during the 4th quarter. Capital International Investors now owns 2,375,699 shares of the specialty chemicals company’s stock worth $192,360,000 after acquiring an additional 33,548 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in International Flavors & Fragrances by 18.8% during the 3rd quarter. Invesco Ltd. now owns 2,009,667 shares of the specialty chemicals company’s stock worth $136,999,000 after acquiring an additional 318,517 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on IFF. Argus lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Deutsche Bank Aktiengesellschaft increased their price target 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. Robert W. Baird increased their price target on International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Oppenheimer started coverage on International Flavors & Fragrances in a research report on Friday, June 7th. They issued an “outperform” rating and a $116.00 price target on the stock. Finally, Wells Fargo & Company increased their price objective on International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $95.61.

Read Our Latest Stock Analysis on International Flavors & Fragrances

Insiders Place Their Bets

In other news, insider Angela Strzelecki sold 2,588 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total value of $247,568.08. Following the completion of the sale, the insider now directly owns 8,539 shares of the company’s stock, valued at approximately $816,840.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by insiders.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock traded up $1.35 during mid-day trading on Tuesday, reaching $96.15. 1,702,760 shares of the company were exchanged, compared to its average volume of 1,985,710. International Flavors & Fragrances Inc. has a twelve month low of $62.11 and a twelve month high of $99.91. The firm’s 50-day simple moving average is $91.92 and its two-hundred day simple moving average is $84.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.68. The firm has a market cap of $24.55 billion, a PE ratio of -9.85, a price-to-earnings-growth ratio of 1.92 and a beta of 1.26.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same period last year, the firm earned $0.87 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities analysts predict that International Flavors & Fragrances Inc. will post 3.86 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st will be given a dividend of $0.40 per share. The ex-dividend date is Friday, June 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.66%. International Flavors & Fragrances’s payout ratio is -16.38%.

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.

See Also

Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Flavors & Fragrances Inc. (NYSE:IFFFree Report).

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

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