Sei Investments Co. Raises Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

Sei Investments Co. grew its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 6.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 174,671 shares of the specialty chemicals company’s stock after buying an additional 9,879 shares during the period. Sei Investments Co.’s holdings in International Flavors & Fragrances were worth $14,768,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in IFF. UMB Bank n.a. lifted its position in International Flavors & Fragrances by 8.9% during 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 period. Arete Wealth Advisors LLC lifted its stake in shares of 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 acquiring an additional 124 shares during the period. Truist Financial Corp increased its stake in shares of 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 worth $1,683,000 after acquiring an additional 129 shares during the period. United Community Bank raised its holdings in International Flavors & Fragrances by 19.4% during the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock worth $78,000 after purchasing an additional 150 shares in the last quarter. Finally, Principal Securities Inc. boosted its holdings in International Flavors & Fragrances by 36.6% in the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 171 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Trading Down 2.3 %

NYSE IFF opened at $76.41 on Friday. The company has a 50-day moving average of $82.56 and a 200-day moving average of $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. International Flavors & Fragrances Inc. has a 12 month low of $76.38 and a 12 month high of $106.77. The company has a market cap of $19.54 billion, a P/E ratio of 81.28, a P/E/G ratio of 1.45 and a beta of 1.21.

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

International Flavors & Fragrances Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 annualized dividend and a yield of 2.09%. International Flavors & Fragrances’s dividend payout ratio is presently 170.21%.

Insider Transactions at International Flavors & Fragrances

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price on the stock. in a research report on Thursday, February 20th. Wells Fargo & Company dropped their target price 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. JPMorgan Chase & Co. dropped their price objective 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. Bank of America dropped their price target on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, Citigroup cut their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average target price of $103.31.

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.