Mitsubishi UFJ Trust & Banking Corp Sells 2,677 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 1.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 177,887 shares of the specialty chemicals company’s stock after selling 2,677 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in International Flavors & Fragrances were worth $15,040,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. grew its stake 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 in the last quarter. Arete Wealth Advisors LLC grew 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 worth $321,000 after purchasing an additional 124 shares in the last quarter. Truist Financial Corp increased its stake 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 last quarter. United Community Bank lifted its position in shares of International Flavors & Fragrances by 19.4% during the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock worth $78,000 after buying an additional 150 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 171 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Buying and Selling

In other International Flavors & Fragrances news, Director Kevin O’byrne purchased 6,500 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the transaction, the director now owns 6,500 shares in the company, valued at $522,860. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. 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 report on Thursday, February 20th. Oppenheimer lowered their target price on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Citigroup lowered their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. reduced 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 report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.31.

International Flavors & Fragrances Trading Down 2.3 %

Shares of IFF stock opened at $76.41 on Friday. International Flavors & Fragrances Inc. has a 1 year low of $76.38 and a 1 year high of $106.77. The company’s fifty day simple moving average is $82.56 and its two-hundred day simple moving average is $89.97. 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 stock has a market capitalization of $19.54 billion, a price-to-earnings ratio of 81.28, a PEG ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. As a group, analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio is 170.21%.

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.