Generali Asset Management SPA SGR Takes $1.21 Million Position in International Flavors & Fragrances Inc. (NYSE:IFF)

Generali Asset Management SPA SGR bought a new stake in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,344 shares of the specialty chemicals company's stock, valued at approximately $1,213,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in International Flavors & Fragrances by 1.9% in the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company's stock valued at $1,102,363,000 after buying an additional 196,696 shares during the period. Geode Capital Management LLC lifted its stake in shares of International Flavors & Fragrances by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company's stock valued at $628,341,000 after purchasing an additional 77,521 shares during the period. Van ECK Associates Corp boosted its position in shares of International Flavors & Fragrances by 41.6% during the 4th quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company's stock valued at $478,912,000 after purchasing an additional 1,663,629 shares in the last quarter. Nordea Investment Management AB grew its stake in International Flavors & Fragrances by 25.7% during the fourth quarter. Nordea Investment Management AB now owns 5,489,741 shares of the specialty chemicals company's stock worth $464,926,000 after purchasing an additional 1,121,414 shares during the period. Finally, First Pacific Advisors LP increased its holdings in International Flavors & Fragrances by 0.6% in the fourth quarter. First Pacific Advisors LP now owns 4,029,773 shares of the specialty chemicals company's stock worth $340,717,000 after purchasing an additional 22,991 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

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Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Cfra lowered shares of International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective on the stock. in a report on Thursday, February 20th. JPMorgan Chase & Co. reduced their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Argus raised International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Finally, Bank of America reduced their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $103.77.

International Flavors & Fragrances Stock Performance

IFF traded down $0.63 during midday trading on Tuesday, reaching $76.90. The company had a trading volume of 1,441,372 shares, compared to its average volume of 1,708,589. The business has a 50-day moving average price of $83.12 and a two-hundred day moving average price of $90.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. International Flavors & Fragrances Inc. has a 12-month low of $76.60 and a 12-month high of $106.77. The stock has a market cap of $19.67 billion, a PE ratio of 81.81, a P/E/G ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The firm had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.67 billion. On average, sell-side analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be given a $0.40 dividend. The ex-dividend date is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. International Flavors & Fragrances's dividend payout ratio (DPR) is currently 170.21%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne acquired 6,500 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the purchase, the director now owns 6,500 shares of the company's stock, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Company Profile

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.