DekaBank Deutsche Girozentrale cut its stake in International Flavors & Fragrances, Inc. (NYSE:IFF) by 45.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,407 shares of the specialty chemicals company’s stock after selling 8,567 shares during the period. DekaBank Deutsche Girozentrale’s holdings in International Flavors & Fragrances were worth $1,468,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Teachers Advisors LLC boosted its holdings in shares of International Flavors & Fragrances by 7.5% in the fourth quarter. Teachers Advisors LLC now owns 113,289 shares of the specialty chemicals company’s stock valued at $17,289,000 after acquiring an additional 7,936 shares in the last quarter. Engadine Partners LLP bought a new position in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $38,818,000. Candriam Luxembourg S.C.A. boosted its holdings in shares of International Flavors & Fragrances by 7.2% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 7,688 shares of the specialty chemicals company’s stock valued at $1,173,000 after acquiring an additional 515 shares in the last quarter. Profund Advisors LLC boosted its holdings in shares of International Flavors & Fragrances by 73.9% in the fourth quarter. Profund Advisors LLC now owns 8,213 shares of the specialty chemicals company’s stock valued at $1,253,000 after acquiring an additional 3,491 shares in the last quarter. Finally, Charter Trust Co. boosted its holdings in shares of International Flavors & Fragrances by 13.2% in the fourth quarter. Charter Trust Co. now owns 17,767 shares of the specialty chemicals company’s stock valued at $2,711,000 after acquiring an additional 2,073 shares in the last quarter. Institutional investors and hedge funds own 84.03% of the company’s stock.

Shares of NYSE:IFF opened at $124.06 on Thursday. The company has a market cap of $9.97 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 2.25 and a beta of 1.12. International Flavors & Fragrances, Inc. has a 1-year low of $123.22 and a 1-year high of $125.00. The company has a quick ratio of 1.79, a current ratio of 2.75 and a debt-to-equity ratio of 0.94.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Monday, May 7th. The specialty chemicals company reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.10. The business had revenue of $930.93 million during the quarter, compared to the consensus estimate of $911.57 million. International Flavors & Fragrances had a net margin of 8.83% and a return on equity of 27.89%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.52 EPS. sell-side analysts anticipate that International Flavors & Fragrances, Inc. will post 6.24 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 6th. Investors of record on Monday, June 25th will be given a $0.69 dividend. The ex-dividend date of this dividend is Friday, June 22nd. This represents a $2.76 annualized dividend and a dividend yield of 2.22%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 46.86%.

Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a report on Wednesday, April 18th. JPMorgan Chase upgraded shares of International Flavors & Fragrances from an “underweight” rating to a “neutral” rating and set a $130.00 target price for the company in a report on Tuesday, May 8th. Barclays set a $131.00 target price on shares of International Flavors & Fragrances and gave the stock a “sell” rating in a report on Thursday, March 15th. Stifel Nicolaus reduced their target price on shares of International Flavors & Fragrances to $147.00 and set a “hold” rating for the company in a report on Tuesday, May 8th. Finally, Deutsche Bank reduced their target price on shares of International Flavors & Fragrances from $150.00 to $147.00 and set a “hold” rating for the company in a report on Thursday, February 15th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. International Flavors & Fragrances has a consensus rating of “Hold” and a consensus price target of $147.56.

In other news, major shareholder Winder Investment Pte Ltd purchased 50,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, March 22nd. The stock was acquired at an average price of $134.17 per share, for a total transaction of $6,708,500.00. Following the transaction, the insider now owns 10,470,193 shares in the company, valued at $1,404,785,794.81. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Francisco Fortanet sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $142.28, for a total transaction of $113,824.00. Following the completion of the sale, the executive vice president now owns 17,582 shares of the company’s stock, valued at approximately $2,501,566.96. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 730,920 shares of company stock valued at $95,769,373. 0.50% of the stock is owned by insiders.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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

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