International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFFFree Report) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 200,600 shares of the specialty chemicals company’s stock after selling 5,988 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of International Flavors & Fragrances worth $16,243,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC increased its position 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 worth $298,000 after acquiring an additional 138 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its position in shares of International Flavors & Fragrances by 3.2% during the third quarter. Alliance Wealth Advisors LLC UT now owns 4,840 shares of the specialty chemicals company’s stock worth $330,000 after acquiring an additional 148 shares during the last quarter. Federated Hermes Inc. increased its position 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 worth $117,000 after acquiring an additional 152 shares during the last quarter. IFG Advisory LLC increased its position 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 worth $324,000 after acquiring an additional 155 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position 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 worth $73,000 after acquiring an additional 157 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays lifted their target price on International Flavors & Fragrances from $82.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 8th. Wells Fargo & Company boosted 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. Deutsche Bank Aktiengesellschaft boosted their price objective on International Flavors & Fragrances from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Finally, Bank of America boosted their price objective on International Flavors & Fragrances from $87.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $95.61.

Check Out Our Latest Research Report on IFF

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF opened at $98.48 on Monday. The company has a market cap of $25.15 billion, a PE ratio of -10.08, a P/E/G ratio of 2.00 and a beta of 1.26. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. International Flavors & Fragrances Inc. has a 12-month low of $62.11 and a 12-month high of $99.91. The stock has a 50 day simple moving average of $90.58 and a 200-day simple moving average of $83.48.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last released its earnings results 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. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 earnings per share. On average, equities research analysts forecast that International Flavors & Fragrances Inc. will post 3.86 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st will be given a $0.40 dividend. The ex-dividend date is Friday, June 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.62%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -16.38%.

About International Flavors & Fragrances

(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.

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

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