Royal London Asset Management Ltd. Has $9.30 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Royal London Asset Management Ltd. boosted its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,954 shares of the specialty chemicals company's stock after acquiring an additional 4,709 shares during the period. Royal London Asset Management Ltd.'s holdings in International Flavors & Fragrances were worth $9,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Empowered Funds LLC grew its holdings in shares of International Flavors & Fragrances by 6.5% during the third quarter. Empowered Funds LLC now owns 4,130 shares of the specialty chemicals company's stock valued at $433,000 after buying an additional 251 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in International Flavors & Fragrances by 12.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 12,102 shares of the specialty chemicals company's stock valued at $1,270,000 after purchasing an additional 1,329 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $1,740,000. PNC Financial Services Group Inc. increased its position in International Flavors & Fragrances by 5.3% during the third quarter. PNC Financial Services Group Inc. now owns 38,705 shares of the specialty chemicals company's stock worth $4,061,000 after purchasing an additional 1,950 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in International Flavors & Fragrances during the third quarter worth $1,153,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have recently commented on IFF. Oppenheimer lowered their price objective on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Citigroup lowered their price objective on International Flavors & Fragrances from $110.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, December 18th. Wells Fargo & Company reduced their target price on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered their target price on shares of 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. Finally, Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.77.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock traded up $0.64 during trading on Wednesday, hitting $77.56. The stock had a trading volume of 2,156,664 shares, compared to its average volume of 1,716,468. International Flavors & Fragrances Inc. has a fifty-two week low of $76.60 and a fifty-two week high of $106.77. 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 business has a fifty day moving average of $82.99 and a two-hundred day moving average of $90.34. The firm has a market cap of $19.83 billion, a P/E ratio of 82.51, a PEG ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.14. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 2.06%. International Flavors & Fragrances's payout ratio is 170.21%.

Insider Transactions at International Flavors & Fragrances

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

International Flavors & Fragrances 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.