Federated Hermes Inc. Has $480,000 Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Federated Hermes Inc. lowered its holdings in International Flavors & Fragrances Inc. (NYSE:IFF) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,682 shares of the specialty chemicals company’s stock after selling 353 shares during the quarter. Federated Hermes Inc.’s holdings in International Flavors & Fragrances were worth $480,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in IFF. Compagnie Lombard Odier SCmA raised its holdings in International Flavors & Fragrances by 11.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock valued at $9,654,000 after acquiring an additional 11,406 shares in the last quarter. Choreo LLC lifted its position in International Flavors & Fragrances by 55.7% during the fourth quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock worth $2,055,000 after purchasing an additional 8,728 shares during the period. Covea Finance increased its holdings in International Flavors & Fragrances by 79.0% in the 4th quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock valued at $10,407,000 after buying an additional 54,340 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $7,508,000. Finally, S.E.E.D. Planning Group LLC boosted its position in shares of International Flavors & Fragrances by 372.9% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 63,104 shares of the specialty chemicals company’s stock worth $5,335,000 after acquiring an additional 49,761 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Oppenheimer cut their target price on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Morgan Stanley decreased their target price on International Flavors & Fragrances from $106.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price objective 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. Finally, Citigroup lowered their price target on shares of International Flavors & Fragrances from $99.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned 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 a consensus target price of $95.69.

Insider Transactions at International Flavors & Fragrances

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

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $73.33 on Friday. The stock’s 50 day moving average price is $78.42 and its two-hundred day moving average price is $86.68. The stock has a market capitalization of $18.75 billion, a price-to-earnings ratio of 78.01, a PEG ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. International Flavors & Fragrances Inc. has a 52-week low of $65.85 and a 52-week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.14. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. On average, 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 disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 21st were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. International Flavors & Fragrances’s dividend payout ratio is 170.21%.

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.