Ethic Inc. Has $3.56 Million Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Ethic Inc. decreased its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,045 shares of the specialty chemicals company’s stock after selling 4,763 shares during the period. Ethic Inc.’s holdings in International Flavors & Fragrances were worth $3,555,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. UMB Bank n.a. boosted its position in International Flavors & Fragrances by 8.9% during the fourth quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after purchasing an additional 119 shares during the period. Truist Financial Corp lifted its stake in shares of International Flavors & Fragrances by 0.7% during the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock valued at $1,683,000 after buying an additional 129 shares in the last quarter. Wahed Invest LLC boosted its holdings in International Flavors & Fragrances by 2.1% in the 4th quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company’s stock worth $536,000 after buying an additional 130 shares during the period. United Community Bank grew its stake in International Flavors & Fragrances by 19.4% in the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock valued at $78,000 after buying an additional 150 shares in the last quarter. Finally, Commerce Bank raised its holdings in International Flavors & Fragrances by 3.8% during the 4th quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company’s stock valued at $350,000 after acquiring an additional 152 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IFF. Cfra lowered International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target for the company. in a report on Thursday, February 20th. Mizuho reduced their target price on International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company cut their price objective on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Oppenheimer reduced their price objective on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus lowered their target price on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.69.

Insider Activity

In related news, CEO J Erik Fyrwald purchased 700 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, May 8th. The shares were acquired at an average cost of $74.00 per share, for a total transaction of $51,800.00. Following the transaction, the chief executive officer now directly owns 37,770 shares in the company, valued at $2,794,980. The trade was a 1.89 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kevin O’byrne acquired 6,500 shares of the stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $80.44 per share, with a total value of $522,860.00. Following the transaction, the director now directly owns 6,500 shares of the company’s stock, valued at approximately $522,860. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $73.46 on Friday. The business’s 50-day moving average price is $76.39 and its 200-day moving average price is $83.55. The firm has a market capitalization of $18.79 billion, a PE ratio of 78.15, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances Inc. has a 12 month low of $65.85 and a 12 month high of $106.77. 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 posted its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period last year, the firm posted $1.13 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. Sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, June 20th. This represents a $1.60 annualized dividend and a yield of 2.18%. International Flavors & Fragrances’s payout ratio is -48.93%.

International Flavors & Fragrances Company Profile

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.