abrdn plc Raises Stake in International Flavors & Fragrances Inc. (NYSE:IFF)

abrdn plc raised its position in International Flavors & Fragrances Inc. (NYSE:IFF) by 21.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 284,797 shares of the specialty chemicals company’s stock after acquiring an additional 50,367 shares during the quarter. abrdn plc’s holdings in International Flavors & Fragrances were worth $23,060,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp lifted its position in shares of International Flavors & Fragrances by 196.9% during the 3rd quarter. Fifth Third Bancorp now owns 13,882 shares of the specialty chemicals company’s stock worth $946,000 after buying an additional 9,206 shares during the last quarter. Compagnie Lombard Odier SCmA lifted its position in shares of International Flavors & Fragrances by 93.6% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 85,140 shares of the specialty chemicals company’s stock worth $6,894,000 after buying an additional 41,173 shares during the last quarter. Comerica Bank purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $4,171,000. CWM LLC lifted its position in shares of International Flavors & Fragrances by 195.8% during the 3rd quarter. CWM LLC now owns 4,972 shares of the specialty chemicals company’s stock worth $339,000 after buying an additional 3,291 shares during the last quarter. Finally, Czech National Bank lifted its position in shares of International Flavors & Fragrances by 47.7% during the 3rd quarter. Czech National Bank now owns 44,613 shares of the specialty chemicals company’s stock worth $3,041,000 after buying an additional 14,416 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analyst Upgrades and Downgrades

IFF has been the subject of several recent analyst reports. Robert W. Baird boosted their price objective on shares of International Flavors & Fragrances from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Wells Fargo & Company lifted their target price on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Barclays raised shares of International Flavors & Fragrances from an “underweight” rating to an “equal weight” rating in a report on Thursday, April 18th. StockNews.com raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Finally, UBS Group lifted their target price on shares of International Flavors & Fragrances from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $86.35.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $85.44 on Wednesday. International Flavors & Fragrances Inc. has a 52 week low of $62.11 and a 52 week 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. The firm’s 50-day simple moving average is $81.81 and its 200 day simple moving average is $77.83.

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). International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the firm earned $0.97 earnings per share. International Flavors & Fragrances’s quarterly revenue was down 5.0% on a year-over-year basis. On average, equities analysts predict that International Flavors & Fragrances Inc. will post 3.69 EPS for the current year.

International Flavors & Fragrances Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were issued a $0.40 dividend. The ex-dividend date was Thursday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.87%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -15.94%.

International Flavors & Fragrances Profile

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.