Allspring Global Investments Holdings LLC Has $6.60 Million Stock Position in International Flavors & Fragrances Inc. $IFF

Allspring Global Investments Holdings LLC reduced its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 7.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 96,954 shares of the specialty chemicals company’s stock after selling 7,908 shares during the period. Allspring Global Investments Holdings LLC’s holdings in International Flavors & Fragrances were worth $6,596,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Dodge & Cox raised its holdings in International Flavors & Fragrances by 5.5% during the 3rd quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock worth $2,275,296,000 after buying an additional 1,925,251 shares during the period. Vanguard Group Inc. raised its holdings in shares of International Flavors & Fragrances by 0.8% in the third quarter. Vanguard Group Inc. now owns 31,133,186 shares of the specialty chemicals company’s stock valued at $1,915,936,000 after purchasing an additional 252,983 shares during the last quarter. State Street Corp raised its holdings in shares of International Flavors & Fragrances by 0.8% in the third quarter. State Street Corp now owns 10,971,108 shares of the specialty chemicals company’s stock valued at $679,460,000 after purchasing an additional 86,134 shares during the last quarter. Invesco Ltd. raised its holdings in shares of International Flavors & Fragrances by 131.3% in the third quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock valued at $441,068,000 after purchasing an additional 4,069,075 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of International Flavors & Fragrances by 27.3% in the third quarter. First Eagle Investment Management LLC now owns 6,927,070 shares of the specialty chemicals company’s stock valued at $426,292,000 after purchasing an additional 1,485,976 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

NYSE:IFF opened at $71.86 on Tuesday. International Flavors & Fragrances Inc. has a 1-year low of $59.14 and a 1-year high of $84.45. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $74.54 and a 200 day simple moving average of $68.73. The stock has a market capitalization of $18.36 billion, a PE ratio of -52.45, a P/E/G ratio of 1.90 and a beta of 1.02.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.05). International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the business posted $0.97 earnings per share. International Flavors & Fragrances’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, research analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -116.79%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Paul J. Fribourg bought 142,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average cost of $70.13 per share, with a total value of $9,958,460.00. Following the completion of the purchase, the director owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. This represents a 6.23% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on IFF. UBS Group lifted their price objective on shares of International Flavors & Fragrances from $71.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Argus lifted their price objective on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. BNP Paribas Exane lowered their price objective on shares of International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Rothschild & Co Redburn lifted their price objective on shares of International Flavors & Fragrances from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Finally, Bank of America lifted their price objective on shares of International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Thirteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.09.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.