KBC Group NV Has $2.06 Million Stock Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

KBC Group NV lifted its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 23.6% during the 1st quarter, Holdings Channel reports. The firm owned 26,546 shares of the specialty chemicals company’s stock after purchasing an additional 5,062 shares during the quarter. KBC Group NV’s holdings in International Flavors & Fragrances were worth $2,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Wahed Invest LLC increased its stake in shares of International Flavors & Fragrances by 2.1% during the 4th quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company’s stock worth $536,000 after purchasing an additional 130 shares during the last quarter. United Community Bank boosted its holdings in shares of International Flavors & Fragrances by 19.4% during the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock worth $78,000 after buying an additional 150 shares during the period. Commerce Bank boosted its holdings in shares of International Flavors & Fragrances by 3.8% during the 4th quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company’s stock worth $350,000 after buying an additional 152 shares during the period. Greenwich Wealth Management LLC boosted its holdings in shares of International Flavors & Fragrances by 1.1% during the 4th quarter. Greenwich Wealth Management LLC now owns 15,449 shares of the specialty chemicals company’s stock worth $1,306,000 after buying an additional 175 shares during the period. Finally, Byrne Asset Management LLC boosted its holdings in shares of International Flavors & Fragrances by 3.3% during the 1st quarter. Byrne Asset Management LLC now owns 6,637 shares of the specialty chemicals company’s stock worth $515,000 after buying an additional 210 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IFF has been the subject of several research analyst reports. Barclays raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $76.00 to $84.00 in a report on Thursday, May 8th. UBS Group lifted their target price on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Morgan Stanley reduced their target price on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an “overweight” rating for the company in a report on Tuesday, May 13th. Tigress Financial initiated coverage on shares of International Flavors & Fragrances in a report on Wednesday, June 4th. They set a “buy” rating and a $105.00 target price for the company. Finally, Oppenheimer reduced their target price on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.43.

Insider Activity at International Flavors & Fragrances

In other news, CAO Beril Yildiz sold 2,400 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $77.33, for a total transaction of $185,592.00. Following the completion of the sale, the chief accounting officer owned 3,321 shares of the company’s stock, valued at approximately $256,812.93. This represents a 41.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kevin O’byrne purchased 4,500 shares of the business’s stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average cost of $76.05 per share, with a total value of $342,225.00. Following the acquisition, the director owned 7,696 shares in the company, valued at $585,280.80. This trade represents a 140.80% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 22,050 shares of company stock worth $1,688,512 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $76.33 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.87 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $19.52 billion, a P/E ratio of -23.34, a P/E/G ratio of 3.41 and a beta of 1.04. International Flavors & Fragrances Inc. has a 12-month low of $65.85 and a 12-month high of $106.77. The firm has a 50-day moving average price of $76.23 and a two-hundred day moving average price of $79.30.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a negative net margin of 7.31% and a positive return on equity of 7.99%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the firm posted $1.13 EPS. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. Analysts anticipate 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, July 11th. Stockholders of record on Friday, June 20th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -48.93%.

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.