International Flavors & Fragrances Inc. (NYSE:IFF) Shares Acquired by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. raised its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 535,285 shares of the specialty chemicals company's stock after acquiring an additional 41,605 shares during the period. International Flavors & Fragrances makes up approximately 2.0% of Staley Capital Advisers Inc.'s investment portfolio, making the stock its 17th largest position. Staley Capital Advisers Inc. owned about 0.21% of International Flavors & Fragrances worth $45,258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in 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 valued at $123,000 after purchasing an additional 119 shares during the last quarter. Huntington National Bank boosted its position 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 valued at $430,000 after buying an additional 124 shares during the period. Arete Wealth Advisors LLC boosted its position in International Flavors & Fragrances by 4.2% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company's stock valued at $321,000 after buying an additional 124 shares during the period. Truist Financial Corp boosted its position in International Flavors & Fragrances by 0.7% in the 4th 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 during the period. Finally, United Community Bank boosted its position in International Flavors & Fragrances by 19.4% in the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company's stock valued at $78,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

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Analyst Ratings Changes

Several brokerages have commented on IFF. Oppenheimer decreased their price target on shares of 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. Stifel Nicolaus reduced their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Bank of America reduced their target price on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. cut their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Finally, Wells Fargo & Company cut their price target on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $103.50.

International Flavors & Fragrances Trading Down 0.5 %

Shares of IFF stock traded down $0.39 during mid-day trading on Tuesday, reaching $79.94. The company's stock had a trading volume of 2,951,923 shares, compared to its average volume of 1,470,837. The company's 50 day simple moving average is $83.64 and its 200-day simple moving average is $91.98. International Flavors & Fragrances Inc. has a 12-month low of $78.91 and a 12-month high of $106.77. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $20.44 billion, a PE ratio of 85.04, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its 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 net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, research analysts predict that International Flavors & Fragrances Inc. will post 4.32 EPS 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. Shareholders of record on Friday, March 21st will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances's dividend payout ratio is currently 170.21%.

Insiders Place Their Bets

In related news, Director Kevin O'byrne acquired 6,500 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $80.44 per share, with a total value of $522,860.00. Following the acquisition, the director now directly owns 6,500 shares in the company, valued at approximately $522,860. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by company 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.