Janus Henderson Group PLC Cuts Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Janus Henderson Group PLC cut its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,981 shares of the specialty chemicals company’s stock after selling 2,911 shares during the quarter. Janus Henderson Group PLC’s holdings in International Flavors & Fragrances were worth $2,451,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. UMB Bank n.a. boosted its stake in shares of International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after acquiring an additional 119 shares in the last quarter. Truist Financial Corp boosted its position in International Flavors & Fragrances by 0.7% during the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock worth $1,683,000 after purchasing an additional 129 shares in the last quarter. Wahed Invest LLC grew its holdings in International Flavors & Fragrances by 2.1% in the fourth quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company’s stock valued at $536,000 after purchasing an additional 130 shares during the last quarter. United Community Bank increased its position in shares of International Flavors & Fragrances by 19.4% in the fourth 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 stake in shares of International Flavors & Fragrances by 3.8% during the 4th quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company’s stock worth $350,000 after buying an additional 152 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IFF. Barclays upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $76.00 to $84.00 in a research report on Thursday, May 8th. Cfra cut shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a research note on Thursday, February 20th. Bank of America cut their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Mizuho decreased their target price on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company cut their price target on International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.54.

Insider Transactions at International Flavors & Fragrances

In other news, CAO Beril Yildiz sold 2,400 shares of the company’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $77.33, for a total transaction of $185,592.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,321 shares of the company’s stock, valued at $256,812.93. This represents a 41.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen N. Landsman purchased 12,000 shares of International Flavors & Fragrances stock in a transaction on Monday, May 19th. The shares were purchased at an average cost of $77.28 per share, with a total value of $927,360.00. Following the transaction, the executive vice president now owns 12,000 shares in the company, valued at approximately $927,360. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 24,050 shares of company stock worth $1,869,147 in the last three months. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Trading Up 0.6%

Shares of International Flavors & Fragrances stock opened at $77.84 on Wednesday. International Flavors & Fragrances Inc. has a 1 year low of $65.85 and a 1 year high of $106.77. The company’s fifty day simple moving average is $75.82 and its 200-day simple moving average is $82.36. The company has a market cap of $19.91 billion, a price-to-earnings ratio of 82.81, a PEG ratio of 1.45 and a beta of 1.08. 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, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the company earned $1.13 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -48.93%.

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.