Signaturefd LLC lessened its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) by 44.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 783 shares of the specialty chemicals company's stock after selling 626 shares during the quarter. Signaturefd LLC's holdings in International Flavors & Fragrances were worth $103,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Kestra Advisory Services LLC lifted its holdings in shares of International Flavors & Fragrances by 15.7% during the 4th quarter. Kestra Advisory Services LLC now owns 2,483 shares of the specialty chemicals company's stock valued at $374,000 after purchasing an additional 337 shares during the last quarter. Van ECK Associates Corp grew its position in International Flavors & Fragrances by 3,053.8% during the 4th quarter. Van ECK Associates Corp now owns 51,470 shares of the specialty chemicals company's stock worth $7,754,000 after purchasing an additional 49,838 shares during the period. NN Investment Partners Holdings N.V. grew its position in International Flavors & Fragrances by 6.3% during the 4th quarter. NN Investment Partners Holdings N.V. now owns 66,610 shares of the specialty chemicals company's stock worth $10,035,000 after purchasing an additional 3,961 shares during the period. Brown Advisory Inc. grew its position in International Flavors & Fragrances by 4.8% during the 4th quarter. Brown Advisory Inc. now owns 50,492 shares of the specialty chemicals company's stock worth $7,607,000 after purchasing an additional 2,321 shares during the period. Finally, Conning Inc. grew its position in shares of International Flavors & Fragrances by 18.0% during the 4th quarter. Conning Inc. now owns 2,165 shares of the specialty chemicals company's stock valued at $326,000 after acquiring an additional 331 shares during the period. Institutional investors own 90.67% of the company's stock.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $120.99 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. The company has a market cap of $30.83 billion, a P/E ratio of 55.50, a P/E/G ratio of 2.13 and a beta of 1.02. International Flavors & Fragrances Inc. has a fifty-two week low of $105.38 and a fifty-two week high of $157.08. The firm's 50 day moving average is $122.04 and its two-hundred day moving average is $126.97.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 6th. Stockholders of record on Friday, June 24th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Thursday, June 23rd. International Flavors & Fragrances's dividend payout ratio (DPR) is presently 144.95%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider De Villeplee Christoph Fauchon sold 629 shares of the business's stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $132.59, for a total transaction of $83,399.11. Following the sale, the insider now directly owns 8,180 shares in the company, valued at approximately $1,084,586.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IFF shares. Mizuho lowered their price objective on International Flavors & Fragrances from $147.00 to $145.00 in a report on Wednesday, May 11th. Bank of America reduced their price target on shares of International Flavors & Fragrances from $169.00 to $161.00 and set a "buy" rating on the stock in a research report on Wednesday, July 13th. StockNews.com raised shares of International Flavors & Fragrances from a "sell" rating to a "hold" rating in a research report on Wednesday, May 18th. Wells Fargo & Company boosted their target price on International Flavors & Fragrances from $145.00 to $150.00 in a research report on Wednesday, May 11th. Finally, Credit Suisse Group began coverage on International Flavors & Fragrances in a research report on Monday, June 27th. They issued an "outperform" rating and a $145.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $148.92.

International Flavors & Fragrances Company Profile

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International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.

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