International Flavors & Fragrances Inc. (NYSE:IFF) Shares Sold by Adams Natural Resources Fund Inc.

Adams Natural Resources Fund Inc. lowered its holdings in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 13.7% in the fourth quarter, Holdings Channel reports. The firm owned 56,606 shares of the specialty chemicals company’s stock after selling 9,000 shares during the quarter. International Flavors & Fragrances accounts for 0.8% of Adams Natural Resources Fund Inc.’s investment portfolio, making the stock its 29th biggest holding. Adams Natural Resources Fund Inc.’s holdings in International Flavors & Fragrances were worth $4,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. boosted 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 in the last quarter. Arete Wealth Advisors LLC boosted its holdings in International Flavors & Fragrances by 4.2% during the third quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock worth $321,000 after buying an additional 124 shares in the last quarter. Truist Financial Corp grew its position in 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 buying an additional 129 shares during the period. United Community Bank increased its holdings in International Flavors & Fragrances by 19.4% in the fourth 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 in the last quarter. Finally, Principal Securities Inc. lifted its position in shares of International Flavors & Fragrances by 36.6% during the 4th quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after acquiring an additional 171 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on IFF. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Oppenheimer dropped their price target on 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. Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective on the stock. in a research report on Thursday, February 20th. Citigroup dropped 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 report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. reduced their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.77.

Insider Activity

In related news, Director Kevin O’byrne purchased 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the purchase, the director now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Down 2.3 %

IFF opened at $77.93 on Friday. 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 $19.93 billion, a price-to-earnings ratio of 82.90, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a 12 month low of $77.28 and a 12 month high of $106.77. The business has a 50-day moving average of $83.23 and a two-hundred day moving average of $90.87.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, research analysts expect that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.05%. International Flavors & Fragrances’s payout ratio is currently 170.21%.

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.