Barings LLC Reduces Stock Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Barings LLC lowered its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 33.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,438 shares of the specialty chemicals company’s stock after selling 5,666 shares during the period. Barings LLC’s holdings in International Flavors & Fragrances were worth $967,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IFF. UMB Bank n.a. raised its position in shares of International Flavors & Fragrances by 8.9% in the fourth quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after buying an additional 119 shares in the last quarter. Huntington National Bank raised its position in shares of International Flavors & Fragrances by 3.1% in the third quarter. Huntington National Bank now owns 4,095 shares of the specialty chemicals company’s stock worth $430,000 after buying an additional 124 shares in the last quarter. Arete Wealth Advisors LLC raised its position in shares of International Flavors & Fragrances by 4.2% in the third quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock worth $321,000 after buying an additional 124 shares in the last quarter. Truist Financial Corp raised its position in shares of International Flavors & Fragrances by 0.7% in the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock worth $1,683,000 after buying an additional 129 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of International Flavors & Fragrances by 15.6% in the third quarter. Farther Finance Advisors LLC now owns 1,155 shares of the specialty chemicals company’s stock worth $121,000 after buying an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Up 0.7 %

Shares of NYSE:IFF opened at $82.60 on Friday. The stock’s 50-day moving average price is $83.80 and its 200-day moving average price is $92.31. International Flavors & Fragrances Inc. has a 12-month low of $78.64 and a 12-month high of $106.77. The stock has a market capitalization of $21.12 billion, a P/E ratio of 87.88, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. On average, equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.94%. International Flavors & Fragrances’s payout ratio is presently 170.21%.

Wall Street Analysts Forecast Growth

IFF has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered their price objective on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price on the stock. in a research note on Thursday, February 20th. Oppenheimer reduced their target price on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Barclays reduced their target price on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average target price of $103.50.

Insider Buying and Selling

In other International Flavors & Fragrances news, Director Kevin O’byrne bought 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the purchase, the director now directly owns 6,500 shares of the company’s stock, valued at $522,860. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.20% of the stock is owned by insiders.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.