Federated Hermes Inc. Sells 556 Shares of International Flavors & Fragrances Inc. (NYSE:IFF)

Federated Hermes Inc. trimmed its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 32.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,156 shares of the specialty chemicals company’s stock after selling 556 shares during the quarter. Federated Hermes Inc.’s holdings in International Flavors & Fragrances were worth $94,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HF Advisory Group LLC boosted its holdings in shares of International Flavors & Fragrances by 44.4% during the fourth quarter. HF Advisory Group LLC now owns 4,139 shares of the specialty chemicals company’s stock worth $335,000 after purchasing an additional 1,273 shares during the period. Daiwa Securities Group Inc. lifted its holdings in International Flavors & Fragrances by 10.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 23,347 shares of the specialty chemicals company’s stock worth $1,890,000 after buying an additional 2,237 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of International Flavors & Fragrances by 23.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 122,616 shares of the specialty chemicals company’s stock worth $9,928,000 after buying an additional 23,388 shares during the last quarter. Everence Capital Management Inc. increased its stake in shares of International Flavors & Fragrances by 75.2% during the fourth quarter. Everence Capital Management Inc. now owns 11,602 shares of the specialty chemicals company’s stock valued at $939,000 after buying an additional 4,980 shares during the period. Finally, SVB Wealth LLC bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $712,000. 96.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IFF has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Robert W. Baird increased their target price on International Flavors & Fragrances from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Citigroup upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and raised their target price for the company from $81.00 to $100.00 in a research note on Wednesday, April 10th. Mizuho increased their price objective on International Flavors & Fragrances from $83.00 to $91.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. Finally, StockNews.com upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, March 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, International Flavors & Fragrances presently has an average rating of “Hold” and an average price target of $86.35.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $88.66 on Tuesday. The company has a market cap of $22.64 billion, a price-to-earnings ratio of -8.87, a P/E/G ratio of 1.94 and a beta of 1.21. The business’s fifty day simple moving average is $82.62 and its two-hundred day simple moving average is $78.94. International Flavors & Fragrances Inc. has a 12 month low of $62.11 and a 12 month high of $97.49. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.03). The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.70 billion. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The company’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the business earned $0.97 earnings per share. Research analysts anticipate that International Flavors & Fragrances Inc. will post 3.68 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 Wednesday, July 10th. Investors of record on Friday, June 21st will be given a dividend of $0.40 per share. The ex-dividend date is Friday, June 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.80%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -15.94%.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.