First Pacific Advisors LP Has $340.72 Million Position in International Flavors & Fragrances Inc. (NYSE:IFF)

First Pacific Advisors LP grew its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,029,773 shares of the specialty chemicals company's stock after purchasing an additional 22,991 shares during the quarter. International Flavors & Fragrances accounts for 4.9% of First Pacific Advisors LP's portfolio, making the stock its 8th largest position. First Pacific Advisors LP owned about 1.58% of International Flavors & Fragrances worth $340,717,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. grew its holdings in shares of International Flavors & Fragrances by 8.9% in 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 during the last quarter. Huntington National Bank increased its stake in International Flavors & Fragrances by 3.1% in the 3rd quarter. Huntington National Bank now owns 4,095 shares of the specialty chemicals company's stock worth $430,000 after purchasing an additional 124 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in International Flavors & Fragrances by 4.2% during the 3rd quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company's stock worth $321,000 after buying an additional 124 shares during the period. Truist Financial Corp lifted its stake 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 valued at $1,683,000 after buying an additional 129 shares in the last quarter. Finally, United Community Bank boosted its holdings 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 worth $78,000 after buying an additional 150 shares during the period. 96.02% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other news, Director Kevin O'byrne purchased 6,500 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the transaction, the director now directly owns 6,500 shares in the company, valued at $522,860. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company's stock.

International Flavors & Fragrances Stock Down 0.5 %

IFF traded down $0.40 during midday trading on Thursday, hitting $79.16. 1,793,235 shares of the company's stock traded hands, compared to its average volume of 1,473,477. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The company has a market cap of $20.24 billion, a PE ratio of 84.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a one year low of $78.59 and a one year high of $106.77. The stock's fifty day simple moving average is $83.54 and its 200-day simple moving average is $91.89.

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

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances's payout ratio is 170.21%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IFF. Argus upgraded shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Oppenheimer decreased their target price on International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Bank of America dropped their price target on International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Finally, Cfra lowered International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective for the company. in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.50.

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.