International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 32.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,156 shares of the specialty chemicals company’s stock after selling 556 shares during the quarter. Federated Hermes Inc.’s holdings in International Flavors & Fragrances were worth $94,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IFF. Winder Pte. Ltd. acquired a new stake in shares of International Flavors & Fragrances during the third quarter worth about $1,728,544,000. Nordea Investment Management AB grew its stake in shares of International Flavors & Fragrances by 16.3% in the third quarter. Nordea Investment Management AB now owns 5,672,776 shares of the specialty chemicals company’s stock worth $388,358,000 after acquiring an additional 795,797 shares in the last quarter. Van ECK Associates Corp increased its position in shares of International Flavors & Fragrances by 34.0% during the third quarter. Van ECK Associates Corp now owns 3,927,108 shares of the specialty chemicals company’s stock worth $267,711,000 after acquiring an additional 996,629 shares during the period. First Pacific Advisors LP raised its stake in shares of International Flavors & Fragrances by 15.8% in the third quarter. First Pacific Advisors LP now owns 3,893,127 shares of the specialty chemicals company’s stock valued at $265,394,000 after acquiring an additional 530,595 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in International Flavors & Fragrances by 6.1% in the third quarter. Northern Trust Corp now owns 3,119,754 shares of the specialty chemicals company’s stock valued at $212,674,000 after purchasing an additional 179,894 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Up 2.3 %

International Flavors & Fragrances stock opened at $88.66 on Tuesday. The stock has a market capitalization of $22.64 billion, a price-to-earnings ratio of -8.87, a PEG ratio of 1.94 and a beta of 1.21. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average of $82.62 and a two-hundred day moving average of $78.94. International Flavors & Fragrances Inc. has a twelve month low of $62.11 and a twelve month high of $97.49.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the business earned $0.97 EPS. International Flavors & Fragrances’s revenue for the quarter was down 5.0% on a year-over-year basis. As a group, research analysts expect that International Flavors & Fragrances Inc. will post 3.68 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 21st will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.80%. International Flavors & Fragrances’s dividend payout ratio is presently -15.94%.

Analyst Ratings Changes

Several brokerages have recently issued reports on IFF. StockNews.com upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Wells Fargo & Company increased their price objective on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Stifel Nicolaus decreased their price objective on shares of International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, February 21st. Mizuho increased their target price on International Flavors & Fragrances from $83.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Finally, Jefferies Financial Group raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their price target for the stock from $73.00 to $112.00 in a report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $86.35.

About International Flavors & Fragrances

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.